Article 1: Ontario’s 2025 Tax Cuts for Small Businesses Ontario’s Cutting Taxes on Small Businesses Act, 2025 (Bill 12) introduces two key changes:1. The Ontario small business deduction rate increases from 8.3% to 9.9%.2. The business limit for that deduction rises from $500,000 to $600,000. These amendments take effect January 1, 2026. This article explains […]
Ontario Business Law & M&A Blog Articles Read More »
House flipping can be profitable — but it’s also one of the CRA’s biggest audit targets. Many taxpayers don’t realize that a single mistake can lead to a full reassessment, interest, and even penalties. 1. Selling Within 12 Months Without an ExceptionAny property sold within a year is presumed a flip and fully taxable as
Top 5 Mistakes House Flippers Make That Trigger CRA Reassessments Read More »
House flipping has long been a way for Canadians to turn a quick profit in real estate. But starting in 2023, the Canada Revenue Agency (CRA) introduced new anti-flipping rules that can significantly impact how your house flip profits are taxed. If you’re a house flipper in 2025, it’s crucial to understand these rules and
Can You Qualify for an Exception? Life Events That May Save You from CRA’s Flipping Tax Read More »
House flipping has long been a way for Canadians to turn a quick profit in real estate. But starting in 2023, the Canada Revenue Agency (CRA) introduced new anti-flipping rules that can significantly impact how your house flip profits are taxed. If you’re a house flipper in 2025, it’s crucial to understand these rules and
What the CRA’s New House Flipping Rules Mean for You in 2025 Read More »