A Comprehensive Review of the Main Tax Issues Affecting Canadian Real Estate Transactions
In this comprehensive course, Steven Pitucci, a practicing CPA from Toronto, Ontario, discusses common issues that often arise in the purchase and sale of real estate properties in Canada. The course aims to simplify complex, technical matters and present them in a way that is easily understandable for professionals who may be less familiar with these topics but want to expand their knowledge. It includes examples and references recent Tax Court of Canada case judgments to enhance understanding.
Topics covered in this course:
Legal changes in 2024 affecting real estate transactions, including:
Considerations when buying property from a non-resident, including the implications of Section 116.
Common GST/HST errors in real estate transactions.
A walkthrough of the Ontario Land Transfer Tax, including planning considerations with related party transactions.
6 activities • 5 videos • duration: 1h 52m
Accounting and Tax Educator, CPA, CA
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.
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.
Material was a little dated and course matter was concentrated on transactions in Ontario. Some obvious errors in slides (Ie. owner decided to rent out the basement and lived in the basement?)
Great presentation
Good content
Very informative
