This webinar covers the Canadian taxation of real estate owned by individuals and corporations, including the taxation of rental income and capital gains from the sale of real estate.

It also addresses saving tax with the principal residence exemption and recent changes to capital gain inclusion rates, with many examples to help explain these essential topics.

Features

This webinar covers the Canadian taxation of real estate owned by individuals and corporations and includes, among other topics:

• Rental income and expenses, including recent Capital Cost Allowance (CCA) changes and essential tax compliance rules 
• Property flipping, capital gains, changes to inclusion rates, and capital property versus business income 
• Saving tax with capital gain reserves, the principal residence exemption, the first home savings account (FHSA), and the multigenerational home renovation tax credit 
• Related party transactions, gifts, and change-in-use, including key elections to defer tax 
• Corporate refundable taxes on real estate and the capital dividend account 
• GST/HST basics, recent changes for purpose-built rental properties, and the vacant homes tax (UHT)