Tax Tips for Selling Real Estate

In Tax Tips for Selling Real Estate, REALTORS® will study a myriad of topics including the income tax system (CRA), different types of real estate sales, costs of developing real estate, taxes on income from real estate, capital cost allowance, capital gains and losses, principle residence exemptions, non-resident ownership of Canadian real estate, why REALTORS® might wish to incorporate, and the sale of shares. This course will discuss the only two things certain in life: death and taxes.

By the end of this course, learners will be able to differentiate between business sales, capital sales, and principal residence sales; 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; and recognize the key tax issues surrounding rental income properties.

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.

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