Tax Tips: A Deeper Dive into the Federal Income Tax and Real Estate Transactions

In Tax Tips: A Deeper Dive into the Federal Income Tax and Real Estate Transactions, REALTORS® will study a number of comprehensive topics, including the costs of developing real estate, taxes on income from real estate, capital cost allowance, capital gains and losses, principal residence exemptions on farmland, and non-resident ownership of Canadian real estate. Through multiple case studies, this course will take a deeper dive into the areas REALTORS® may already be familiar with.

By the end of this course, learners will be able to differentiate between current costs and capital costs; recognize the costs and the tax treatment of expenses at the pre-development, development, and post-development stage; recognize the key tax issues surrounding rental income properties; identify expenses that are deductible and others that are capitalized in rental income properties; calculate the gains on a sale of capital property; and gain a thorough knowledge of a deemed disposition.

Although this course is aimed at experienced REALTORS® who already have a basic understanding of the Canadian tax system, it is not meant to turn them 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 foundational content on taxation are encouraged to sign up for Tax Tips: Introduction to Federal Income Tax and Real Estate Transactions.

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