NEW CONDOS, FLIPPING and the CRA

NEW CONDOS, FLIPPING and the CRA

The Canadian Revenue Agency is cracking down on purchasers buying pre-construction condos who plans to flip the purchase for a whooping profit prior to the condo being registered with the city.

According to the Toronto Star, the CRA is not taking this lightly.

Continue to read more in the link below ... 

http://www.thestar.com/business/personal_finance/2013/04/13/some_toronto_condo_sales_face_tough_tax_scrutiny.html?goback=.gde_147697_member_232366929

There are no comments

Thank you! Your comment has been submitted and is awaiting approval.

Michelle Lu-Do

Michelle Lu-Do

Sales Representative
CENTURY 21 Leading Edge Realty Inc., Brokerage*
Contact Me