6. Property income including shareholder loans and the tax on split income (TOSI)

7. TFSAs, First Home Savings Accounts (FHSAs), some tax credits and property flippers

8. Capital gains and the changing capital gains inclusion rates

9. Principal residence exemption and the capital gains exemption

10. Corporate taxation including refundable taxes and the capital dividend account

11. Paid-up capital and share redemptions

12. Section 85 and other tax-free rollovers, amalgamations and wind-ups

13. The general anti-avoidance rule (GAAR), GAAR changes and reporting various transactions

2b:T57c,

In this comprehensive course, Steven Pitucci, a practicing CPA from Toronto, Ontario, discusses common issues that often arise in the purchase and sale of real estate properties in Canada. The course aims to simplify complex, technical matters and present them in a way that is easily understandable for professionals who may be less familiar with these topics but want to expand their knowledge. It includes examples and references recent Tax Court of Canada case judgments to enhance understanding.

Topics covered in this course:

Legal changes in 2024 affecting real estate transactions, including:
- Revisions to the Underused Housing Tax (UHT) Act, short-term rental expense claims, and the Home Buyers’ Plan (HBP) after the passing of Bill C-69.
- A walkthrough of the new Purpose-Built Rental Housing (PBRH) Rebate.
- Reporting requirements for properties held in trust.
- Changes to the Section 273 GST/HST election for joint ventures.
- Changes to the capital gains inclusion rate.
Considerations when buying property from a non-resident, including the implications of Section 116.
Common GST/HST errors in real estate transactions.
A walkthrough of the Ontario Land Transfer Tax, including planning considerations with related party transactions.
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