Best Child Custody Lawyers in Halton Hills, ON

Flipping houses in Canada – the law and the taxes With the establishment of new taxation rules, thee advantages of house flipping have slowly been taken away. The anti-flipping tax ensures that there will be a decreased profit margin for the sellers which may make flipping homes less profitable or even non-profitable. In terms of the assignment sale, assignors may attempt to have the assignee pay the HST on the assignment sales to recover costs, however this will likely deter buyers instead. As a result, the assignors will have to pay the 13% tax on the profit from the assignment sale and unless the price of the property increase by more than 13%, they will lose on the sale.