A complete guide to selling an inherited home in Ontario: probate and the Certificate of Appointment of Estate Trustee, the $15-per-$1,000 Estate Administration Tax, the deemed disposition at death and the stepped-up cost basis, the principal residence exemption, the timeline, and the trustee's steps to list and sell. Sources: Ontario, CRA.
Selling a GTA rental property? Understand the tax bill: how the capital gain is calculated, the current 50% inclusion rate, why CCA recapture is fully taxable, and the S.45(2) election.
Is selling your home tax-free? According to the CRA, the Principal Residence Exemption (PRE) can fully or partly exempt the gain — but since 2016 you must report the sale at tax time (Schedule 3 + T2091) even when it's fully exempt, and late reporting carries a penalty. The 2023 Residential Property Flipping rule taxes homes held under 365 days as business income with no PRE. Here's the formula, the reporting rule, change-in-use and flipping.
The irrevocable period on Ontario's OREA Form 100 is set by the party making the offer, usually 24 to 72 hours. Learn what it means, who chooses it, and how too short or too long hurts buyers and sellers.
Is Ontario's SPIS (Seller Property Information Statement, OREA Form 220) mandatory? A guide to its voluntary status, the caveat-emptor vs. latent-defect tension, why many lawyers advise sellers not to sign, and what buyers should take from it.
GTA home pricing strategies: pricing at market, underpricing to drive an offer night, and pricing above market. The logic behind each, when to use them, and the real cost of overpricing.
How to prepare a home for sale in the Greater Toronto Area: a 6-step pre-listing checklist covering curb appeal, decluttering, repairs, staging, and photography — with RESA data.
Because your listing agreement contains a holdover clause. In Ontario, a listing agreement (the seller representation agreement) is a binding contract governed by TRESA (the Trust in Real Estate Services Act) and enforced by RECO (the Real Estate Council of Ontario). The standard OREA Form 200 spell
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