Wistful young couple looking out second-floor window of Oakville home

Blog

Blog

How the Courts are Interpreting the New Housing HST Rebate Rules

  • Published by admin
  • on August 18, 2020
The Canada Revenue Agency (CRA) continues to disallow claims for new housing rebates on strictly technical grounds. Ngai (Ngai v. R, 2019 FCA 181 (Federal Court of Appeal)) demonstrates that…

CRA Denying Principal Residence Exemption for Pre-Construction

  • Published by admin
  • on August 4, 2020
The Canada Revenue Agency (CRA) audit divisions have been targeting home sales in the GTA of what they deem to be a quick resale of a newly purchased pre-construction condos. If you resell within 6 to 8 months of getting title, you could face a reassessment for taxation on…

New Residential Rental Property Rebate

  • Published by admin
  • on July 21, 2020
Are you planning on buying a new condominium or house as a rental property? If you are planning on renting you may be eligible for a new rental property rebate. The rental property rebate, or the New Residential Rental Property Rebate (NRRP Rebate), can be claimed on the purchase…