The proposed federal budget for 2022 has introduced a number of new rules relating to real estate, including rules to dampen speculation in the market. REALTORS® should be aware of these changes.
Posts tagged with “Goods and Services Tax (GST)”
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There have been a number of decisions across Canada in the past year or so concerning a seller’s right to recover from the buyer of real property the GST paid by the seller that should have been paid by the buyer…
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Two decisions illustrate the risk of not using the full name of a company purchasing property, or the failure of a company to be incorporated at the date it received the benefit of an assignment of a contract…
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Generally, the GST legislation makes a buyer of property, upon which GST is payable, responsible for its payment…
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What do you as a buyer do when your understanding of the contract is that the seller is required to pay GST, but the seller refuses to do so…
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The frequency with which these columns are dealing with Section 30 of the Condominium Act, and the decisions the courts apparently feel obliged to make as a result of…
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For those of us who felt that court decisions had relegated the doctrine of caveat emptor to an earlier era, a recent case confirms that the doctrine is still alive to protect vendors…
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It seems like a lifetime, but it is only 15 months since the Goods and Services Tax was implemented. Now that this intensive period of instruction in the intricacies of the legislation has ended…
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Appraisers tell me that the property purchase tax was small enough not to affect appraisals of fair market value, but that the GST is too large to be ignored as one of the factors in calculating fair market value…