Thang Tax Law Quoted in Bloomberg BNA Tax Story on GST/HST

Thang Tax Law Quoted in Bloomberg BNA Tax Story on GST/HST

 

Simon Thang was quoted for his comments on the Club Intrawest GST/HST decision by the court of appeal.

Simon Thang was quoted in a Bloomberg BNA tax story about a recent Goods and Services Tax/Harmonized Sales Tax decision of the Federal Court of Appeal. The decision, Club Intrawest 2017 FCA 151 deals with membership fees for  international …

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Choose Wisely: Problems with GST/HST Real Estate Joint Venture Election

Choose Wisely: Problems with GST/HST Real Estate Joint Venture Election

This is the third 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, bare trusts, and GST/HST new housing

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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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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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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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When to Charge GST/HST on Real Property Sales?

When to Charge GST/HST on Real Property Sales?

A recent decision by the Tax Court of Canada highlights a difficult issue faced by sellers of commercial real estate (“real property” in GST/HST parlance): when to charge GST/HST? Unlike most other sales where vendors charge GST/HST, a special “self-assessment”

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CRA Auditing GST/HST New Housing/Rental Property Rebates

CRA Auditing GST/HST New Housing/Rental Property Rebates

The Canada Revenue Agency  continues to audit new home purchasers for GST/HST new housing rebates and rental property rebates. In provinces like Ontario which has an HST, the amount of the rebates can be significant – up to $30,300. …

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