House Flipping & CRA Tax Law Archives | Beganyi Law

House flipping has become an increasingly popular investment strategy in Canada, but it has also attracted significant attention from the Canada Revenue Agency (CRA). With new property flipping rules introduced in 2022 and the CRA recovering $1.4 billion from real estate audit activities in Ontario alone between April 2015 and March 2023, understanding the common […]

The Canada Revenue Agency has dramatically escalated its enforcement activities against property flippers, conducting over 60,000 audits that have resulted in more than $2 billion in taxes and penalties assessed. Understanding how the CRA identifies and targets property flippers can help you navigate these waters legally and ensure compliance with your tax obligations. How the

Introduction: What Are Acquisition Agreements and Why Do They Matter? When one business acquires another, the headlines often focus on the final handshake or the dollar figures involved. What rarely makes the news, however, is the comprehensive legal document that makes the entire transaction possible: the acquisition agreement. This critical contract serves as the roadmap,