Tax Issues In Canadian Real Estate: 2025-2026 Edition

The "Tax Issues In Canadian Real Estate: 2025-2026 Edition" course comprehensively examines the dynamic landscape of real estate taxation in Canada. Given the continuous evolution of tax laws and the Canada Revenue Agency's (CRA) heightened focus on real estate transactions, staying informed is crucial for navigating this complex environment.

This course provides essential updates and insights for accountants, lawyers, and anyone advising clients on real estate matters. You will gain a deep understanding of:

• Legal Changes in 2025: Explore the abandoned capital gains inclusion rate hike, the new BC Home Flipping Tax, and Toronto’s Municipal Non-Resident Speculation Tax.
• 2025 Federal Budget Proposals: Analyze the proposed elimination of the Underused Housing Tax (UHT), the GST rebate for first-time homebuyers, and automatic tax filings for low-income individuals.
• CRA Administrative Changes: Understand updated reporting requirements for rental income on Form T776, particularly concerning short-term rentals and compliance under Section 67.7 of the Income Tax Act.
• Combating CRA Disputes on Property Flips: Learn strategies for defending against reassessments, including the importance of evidence in Notice of Objections based on the Happy Valley Farms factors and the ITA's Section 12(12) deeming provisions.
• Notable Tax Court of Canada Decisions (2025): Review significant rulings impacting GST/HST new housing rebates, GST/HST on short-term rentals, moving expense deductions, and the strict adherence to tax deadlines, even in cases of CRA error.