Starting January 1, 2023, any gain from the disposition of a housing unit (including a rental property) located in Canada, or a right to acquire a housing unit located in Canada, that you owned or held for less than 365 consecutive days before its disposition is deemed to be business income and not a capital gain, unless the property was already considered inventory or the disposition occurred due to, or in anticipation of certain life events.
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Thank you with your help and explanation of everything for our first tax filing.
I highly reccomend, and will be returning next year.
Someone that gives great advice, maximizes my returns, very knowledgeable with tax strategy, and does it for a very reasonable price.
He always caring how to maximizing the benefits for his clients.
Highly recommended, very knowledgeable and expect honest advice.
I told already all my family and my friends about them.
This is my first experience dealing with THE TAX CENTRE; Adel Ibrahim was very knowledgeable, understanding, and informative
The Tax Centre is a wonderful place that provides peace of mind to get through the stressful dreaded tax season.
Abel showed compassion while completing tax forms for my father who is 90 and had just lost his wife (my mom)of 72 years.
Although the CRA took a long time, he kept on top of them, as well as being efficient with my taxes last year and this.
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