Tax Tips: Introduction to the Federal Income Tax and Real Estate Transactions
In Tax Tips: Introduction to Federal Income Tax and Real Estate Transactions, REALTORS® will study a myriad of topics, including the income tax system (CRA), different types of real estate sales, capital cost allowance, capital gains, principal residence exemptions, underused housing tax, and the sale of shares. This course will discuss why REALTORS® might wish to incorporate.
By the end of this course, learners will be able to differentiate between business sales, capital sales, and principal residence sales; understand what happens to one’s assets upon one's death; learn about various tips and tricks they can share with their clients; and gain basic knowledge of recently introduced taxes.
This course was not designed to turn REALTORS® into tax experts. Rather, this course will help REALTORS® recognize potential tax planning opportunities and pitfalls so they may expeditiously recommend their clients engage a tax expert. REALTORS® interested in more comprehensive content on taxation are encouraged to sign up for Tax Tips: A Deeper Dive into Federal Income Tax and Real Estate Transactions.
Testimonials
A thought-provoking course that was very well presented and packed full of things I’ll use in my day-to-day business.
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