GST/HST Pitfalls with Bare Trusts & Real Estate

GST/HST Pitfalls with Bare Trusts & Real Estate

This is the second in a series of posts on the Goods and Services Tax/Harmonized Sales Tax (“GST/HST”) and real estate. Prior posts covered: the rules for collection of GST/HST on real estate, and GST/HST new housing rebates and

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2016 Tax Returns are Due Today

2016 Tax Returns are Due Today

 

May 1 is this year’s due date to file most individual income tax returns as April 30 fell on a Sunday.

May 1 is this year’s due date to file most individual income tax returns as April 30 fell on a Sunday.

Generally, most personal income tax returns are due on April 30 of the following  year.

Since April 30 …

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New Tax Rules Target Airbnb, Vacant Properties & Flippers.

New Tax Rules Target Airbnb, Vacant Properties & Flippers.

The Ontario provincial budget introduced on April 27, 2017 proposes a number of taxes affecting real estate.

The most publicized is the 15% foreign buyer tax, or “non-resident speculation tax” as the government is calling it. We have a dedicated

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15% Ontario Tax on Foreign Buyers, But Will It Mean More Audits for Everyone?

15% Ontario Tax on Foreign Buyers, But Will It Mean More Audits for Everyone?
The new 15% non-resident speculation tax will apply in: Brant, Dufferin, Durham, Haldimand, Halton, Hamilton, Kawartha Lakes, Niagara, Northumberland, Peel, Peterborough, Simcoe, Toronto, Waterloo, Wellington and York.

Ontario’s new 15% non-resident speculation tax will apply to certain sales of real estate in the Greater Golden Horseshoe area.

[Updated April 27, 2017 7:00 PM ET] The Ontario government is expected to impose several new measures affecting real estate …

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Is Crowdfunding Taxable (for Canadian GST/HST)?

Is Crowdfunding Taxable (for Canadian GST/HST)?

Following up on our last post on recent proposed tax changes affecting Uber and other rides haring services, we continue the technology theme with a post on sales tax (GST/HST) and crowdfunding. 

The following is based on a paper by

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The “Uber Tax”: New Rules Require Uber Drivers to Collect GST/HST

The “Uber Tax”: New Rules Require Uber Drivers to Collect GST/HST
Do Uber Drivers Pay Tax in Canada? GST/HST rules explained by Thang Tax Law

Do Uber drivers pay tax in Canada? New rules require drivers to register and collect GST/HST regardless of earnings, but it is unclear how drivers are supposed to comply.

Do Uber drivers pay tax in Canada? The answer for Canadian …

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Simon Thang Interviewed by CBC News on Taxes Changes

Simon Thang Interviewed by CBC News on Taxes Changes

Simon Thang, principal of Thang Tax Law, was interviewed yesterday by CBC News for his comments on potential sales tax increases in Saskatchewan. Thang Tax Law is a Toronto-based tax law boutique focusing on sales taxes including the …

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Lawyer’s Billings – How Much GST/HST to Charge? (Hint: it’s not necessarily 13%)

Lawyer’s Billings – How Much GST/HST to Charge? (Hint: it’s not necessarily 13%)

This article was adapted from the author’s Ontario Bar Association presentation for the Toronto Business Lawyers Association LinkedIn page.

Like any other business performing services in Canada (with sales more than $30,000 in the prior calendar year), lawyers are required …

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Buying Investment Real Estate? Apply for the Correct GST/HST Rebate!

Buying Investment Real Estate? Apply for the Correct GST/HST Rebate!

This is the first in a series of posts on the Goods and Services Tax/Harmonized Sales Tax (“GST/HST”) and real estate. Subsequent posts will cover bare trusts and joint ventures.  The rules for collection of GST/HST on real estate were

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CRA Tweet Confusing About RRSP and Tax Return Deadlines?

CRA Tweet Confusing About RRSP and Tax Return Deadlines?

It’s safe to say that getting tax or legal advice off Twitter is generally a bad idea. But it is also impossible to deny technology’s key role in timely dissemination of  information. So the Canada Revenue Agency deserves kudos for …

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