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Recent content by mfrayne

  1. M

    Guelph, ONT.

    Lodging Houses & Accessory Apartments The City of Guelph has zoning bylaws that apply to lodging houses and accessory apartments. A lodging house is defined either as a dwelling with 5 or more “lodging units” (type 1) or a townhouse complex or apartment building where one or more dwelling...
  2. M

    Capital gains tax

    How does Revenue Canada know of or track flippers? Is it not up the the person to do this? What if a person continues to roll profits from flips and short term sales into new properties and does not claim any of the gains on their taxes?
  3. M

    Condo CCA

    What is the protocal for calculating the Capital Cost Allowance for rental condos? I know only the building portion of the condo depreciates but how do I determine the value of the land portion when doing my taxes? I know I have used the total purchase price in the calculations in the past 2...
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