Tax Tips for Selling Real Estate
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Tax Tips for Selling Real Estate

6 PDP Credits – 1 day

Most Canadian taxpayers find the tax system daunting and may not be able to identify issues or opportunities. The Tax Tips for Selling Real Estate course is intended to help REALTORS® recognize the potential tax planning opportunities and pitfalls in the special field of real estate sales and investments that may help clients maximize their after-tax income and avoid errors in their tax reporting.

Please note that the income tax consequences relating to the purchase, ownership or sale of real estate will often vary depending on a number of factors. When discussing tax ideas with clients, advise them to consult their own income tax advisors concerning the income tax consequences of their real estate transaction in order to avoid potential liability.

By the end of this course, the learner will be able to:

  • learn how to provide value-added service and facilitate the clients' consultation with their income tax advisors.
  • develop a basic understanding of the Income Tax Act (Canada) and its accompanying regulations which may provide the competitive edge needed in today's market. Licensees should consider the tax tips contained in this course only as a starting point for further discussion between clients and their tax advisors.

This course does not provide the information needed to show clients how to structure real estate transactions. It will not help devise real estate tax schemes designed to save money for clients. It is not about preparing the REALTOR® to become an expert real estate advisor.

The key to remember is that, by providing clients with some of the ideas in this course, you are simply alerting them to tax planning opportunities or pitfalls. After that it is up to them to follow up with professional tax advisors to flush out and resolve the relevant tax issues.

Instructor:

Contact your local member board for course availability and registration.