GST and The Sale of Real Estate
Posted on Jun 18, 2021
GST and other tax structures are extremely complex, especially in the sale of real estate. Real estate deals can require GST, PTT and additional PTT (foreign buyer’s tax), vacancy tax, speculation tax, taxes on commissions and legal fees and on other services.
GST Basics
Under the Federal Excise Tax Act (ETA), the sale of real property is a taxable...Choosing The Best Offer
Posted on Jun 14, 2021 in Tips & Advice
Receiving Multiple Offers
There are plenty of advantages to listing your home in a seller's market, where limited inventory and plenty of buyers are competing to buy your home. Depending on the appeal, list price and exposure of your property, this type of market can create a situation where multiple buyers submit an offer at the same time, potentia...FINTRAC & REAL ESTATE
Posted on Jun 08, 2021
Federal money laundering and anti-terrorist financing rules require real estate agents and brokers to collect personal identification information from buyers and sellers.
Princeton & Keremeos Real Estate 2020 Year in Review
Posted on Jan 13, 2021 in Market Stats
The tumultuous year brought anxiety as working...
Insurance & Climate Change
Posted on Jun 24, 2020 in Tips & Advice
Understanding the Contract of Purchase & Sale for Real Estate
Posted on May 21, 2020 in Tips & Advice
Century 21 Horizon West's mission is to help educate you, the consumer to make better informed decisions when purchasing and selling real estate and help you understand the process. The British Columbia Real Estate Association (BCREA) has created the video below for REALTORS® to share with their clients to help explain one of the key documents used...