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Courses/Accounting & Tax/Real Estate Tax

Tax Issues In Canadian Real Estate: 2023-2024 Edition

A Comprehensive Review of the Main Tax Issues Affecting Canadian Real Estate Transactions

Created bySteven Pitucci
4.5
(996 reviews)
BeginnerUpdated Jan 12, 2024
Tax Issues In Canadian Real Estate: 2023-2024 Edition

What You'll Learn

check_circleAnalyze key UHT updates for 2023-2024.
check_circleAddress common builder GST/HST issues.
check_circleNavigate anti-flipping rules and exceptions.
check_circleUnderstand new trust reporting mandates.
check_circleExplore the First Home Savings Account.
check_circleDistinguish rental business vs property income.

About This Course

In this comprehensive course, Steven Pitucci, a practicing CPA from Toronto, Ontario, discusses common issues that often come up involving the purchase and sale of real estate properties in Canada. The goal of the course is to take complex, technical matters on these issues and convey them in a way that is easily understandable to professionals who are less familiar with these matters and want to expand their knowledge base. Topics discussed in this course include:

  • Updates on the Underused Housing Tax (UHT) Act – revisiting the legislation one year later (including a discussion on requirements for bare trusts)
  • Common GST/HST issues that homebuilders face
  • Legal changes in 2023 affecting real estate transactions – including the new NRRP GST/HST rebate, the “anti flipping” rule, and new compliance requirements for trusts
  • The First Home Savings Account (FHSA): overview + planning considerations
  • Income from a rental property – how do you determine if it is business or property income?
  • Tax updates from the 2023 Federal Fall Economic Statement affecting Canadian real estate

NOTE: The last section covering the 2023 Federal Fall Economic Statement was added after this course was initially published (on Oct 31 2023) due to the report being delivered after the initial publication date.

Your Instructor

Steven Pitucci
Steven Pitucci

Accounting and Tax Educator, CPA, CA

menu_book16 courses
star3,714 reviews

As a Chartered Professional Accountant, I am currently navigating the complex world of forensic accounting & advisory in a Canadian insolvency firm. I am a former partner of public accounting firm serving Canadian individuals and privately-held businesses. I am also educating other accountants with all things accounting and tax. I have a passion for taking complex issues and teaching them to others in a manner that is understandable.

Credit Information

Is this course eligible for my CPD requirements as a Canadian CPA?

Provincial regulators of CPAs in Canada do not require that independent providers of CPD be approved to offer courses. Instead, individual CPAs are responsible for assessing whether a CPD activity meets their requirements, and may take activities from any source provided those requirements are met.

Every course offered on LearnFormula is delivered by a qualified subject matter expert or learning organization, and advances learning objectives that are relevant to the responsibilities or professional competencies of Canadian CPAs. All activities on LearnFormula are quantifiable in terms of hours, and are also verifiable, in that users receive documented evidence of their attendance via a certificate of completion after finishing a course (and this certificate is stored by LearnFormula indefinitely). Nearly 100,000 Canadian CPAs successfully satisfy their CPD requirements via LearnFormula on an annual basis.

What Students Are Saying

4.5
Student's Choice
996 reviews

Frequently Asked Questions

We are a registered provider with 327+ associations and regulatory bodies worldwide. We operate across 29 global markets including Canada, the US, Australia, and the UK. Every course page clearly displays its specific accreditations. Upon completion, you receive a professional certificate that can be validated online. Our certificates include all necessary accreditation details, credit hours, and completion dates, and are formatted specifically to meet the submission requirements of most global regulatory bodies.