Recent Tax Court Ruling: HST Applied to Sale of Short-Term Rental Properties
Are you an Airbnb host or short-term rental property owner? A recent Tax Court ruling could significantly impact your finances when selling your property. The court determined that homes frequently rented out on platforms like Airbnb may face a 13% HST on the total sale price, as short-term rentals could classify your property as a commercial asset. This decision highlights the difference between long-term rental exemptions and the costly implications of short-term rental use.
The Importance of Title Insurance When Purchasing a Home in Ontario
Title insurance shields homeowners from costly legal battles and complex issues that could arise after buying a property, offering invaluable peace of mind. Avoid unexpected expenses and secure your ownership rights with title insurance—a small cost for significant protection.
Why You Should Consult a Lawyer Before Signing a Mortgage Loan Commitment
Before signing a mortgage loan commitment, it's crucial to consult with a real estate lawyer. Mortgage agreements can be complex and filled with legal jargon, and having a lawyer review the terms helps protect your financial future. Discover how legal expertise can save you from potential pitfalls and ensure a smooth home-buying process.
Title Fraud – Recognizing the Red Flags and How to Mitigate Damages
Title fraud is a growing concern for property owners, especially those with mortgage-free homes or investment properties. Fraudsters can impersonate owners to sell properties or secure unauthorized mortgages. Discover which properties are most vulnerable and how to protect yourself from title fraud. Click here to learn more and safeguard your home!
CAN INTERNATIONAL STUDENTS WORK WHILE STUDYING IN CANADA?
International students in Canada can work during their studies without a work permit if their study permit allows it. However, there are limits on hours, especially for off-campus jobs. With changes to regulations, including the end of temporary COVID-era policies, students must stay informed to avoid violations that could impact their status. Learn about the latest updates and how they affect your ability to work in Canada while studying.