Tax Court Round III

Tax Court Round III This morning I visited the Tax Court of Canada again to observe. Every time I go I learn a ton and feel exhilarated by watching the process of justice in action. There were three cases on the docket this morning: I attend the court to learn and see what I can […]

Enhanced Rental Rebate

Enhanced Rental Rebate The Devil is in the Details On September 14, 2024, the Government of Canada announced a new incentive for builders of residential complexes (houses, apartments, condos, etc) for long term rental that enabled them to claim an equal amount of tax back as a rebate as they were required to self assess […]

New Housing Rebates Denied

New Housing Rebate Denied The objective evidence has to support the rebate application or the CRA will deny the rebate Thousands of New Housing Rebates and New Residential Rental Property Rebates are denied annually for various reasons that may or may not be correct. However, in this particular case the rebate was correctly denied and […]

Short Term Accommodations Apocalypse in B.C.

Short Term Accommodations Apocalypse in B.C. How Selling Your Airbnb Property Might Get Taxed as a Commercial Property In October 2023, the Province of British Columbia passed a law that comes into effect on May 1, 2024, that generally eliminates what are colloquially called “ghost hotels”, short term accommodation units that are usually rented on […]

When is a Residential Unit not a Residential Unit?

When is a Residential Unit not a Residential Unit? Imagine a scenario where a business owner purchases a used residential complex and begins running his business in it and for no other purpose. Is the subsequent sale for GST/HST purposes an exempt sale of a residential complex or a taxable sale of commercial property? For […]

Is my real property taxable for GST/HST purposes?

Is my real property taxable for GST/HST purposes? The way to understand section 9 of Part I of Schedule V is that it is the provision that generally exempts all real property other than a residential complex or farmland (which have their own provisions) subject to exclusions. The first and most important exclusion is whether […]