CRA issues warning about real estate investment schemes

6/11/2019 | Posted in Financial Health by Jessi Sandhu

A warning has been issued regarding investment schemes that promise tax write-offs by investing in real estate through limited partnerships. ... More

Tags: CRA, Real Estate Investments, Real Estate Tax Evasion

CRA identifies over $1b in tax evasion since 2015

5/31/2019 | Posted in Mortgages and Real Estate by Jessi Sandhu

The Canada Revenue Agency has identified over a $1 billion in unpaid gross taxes in the real estate sector since 2015 and has doled out over $100 million in penalties. ... More

Tags: CRA, Real Estate Tax Evasion, Taxes

Homes sold in 2016 now need to be reported on taxes

4/7/2017 | Posted in Home Sellers by Jessi Sandhu

Canadians who have sold their homes last year have been mandated to report the transaction to the Canada Revenue Agency. ... More

Tags: Canada, Canadian Housing Market, CRA, Home Sellers, Home Selling Tips, Real Estate Capital Gain Tax, Tax Implications

The CRA is cracking down on real estate tax dodgers in Canada's red hot market

11/26/2016 | Posted in Real Estate Investments by Jessi Sandhu

Evidence of the ongoing crackdown by the tax authorities on Canada’s red hot residential real estate sector is everywhere, from recently updated statistics that show ... More

Tags: CRA, Home Owners, Home Sellers, Real Estate Audit