Resources & Articles

Construction


ENHANCED GST RESIDENTIAL RENTAL REBATE: Increased IncentivesDecember 8th, 2023

On September 14, 2023, the Department of Finance provided details on a proposal to enhance the existing GST rental rebate. In general, the existing rebate...
Read More >

Removal of GST on Purpose-Built Rentals in CanadaSeptember 22nd, 2023

In a significant step toward improving housing affordability and accessibility, the Canadian government recently announced the removal the Goods and Services Tax (GST) on purpose-built...
Read More >

Replacement Property Rules Pertaining to Real Estate and Business PropertiesSeptember 21st, 2023

When a taxpayer (including a corporation) disposes of real estate for more than its cost, the capital gain must be reported on the taxpayer’s income...
Read More >

Cash Management Strategies for the Construction IndustryJuly 19th, 2023

The construction industry operates in a project environment that often involves progress payments from their customers. Contractors typically submit invoices at specific stages of the...
Read More >

Work in Process (WIP) Valuation StrategiesJuly 6th, 2023

In many industries – and especially in construction – the method by which a company chooses to value its work in process and consequently recognize...
Read More >

GST/HST and Damage PaymentsJune 21st, 2023

Given the vastness of the GST/HST rules, it is wise to check the GST/HST rules for all transactions, especially those that are non-routine, such as...
Read More >

New Prompt Payment Toolkit and Resource CentreMay 10th, 2023

Prompt payment and adjudication are processes provided under Ontario’s Construction Act to help contractors to get paid on time. Prompt payment legislates mandatory timelines for...
Read More >

New Amendments to Foreign Buyer Ban RegulationsApril 6th, 2023

On March 27, 2023, the Federal Government announced that they are amending some of the problematic aspects of the Prohibition on the Purchase of Residential...
Read More >

UNREPORTED REAL ESTATE DISPOSITIONS: Multiple IssuesMarch 24th, 2023

A September 12, 2022, Tax Court of Canada case reviewed the gain on a residential property purchased in 2007 and disposed of in 2011. The...
Read More >

New Regulations Prohibit Builders/Developers with Whole or Partial Foreign Ownership from Purchasing Canadian Residential PropertyJanuary 24th, 2023

On December 21, 2022, the federal government released the Prohibition On The Purchase Of Residential Property By Non-Canadians Act.  This new regulation came into force...
Read More >