After watching years of bnn.ca "talking tax" shows I have learnt that a comparitive market analysis by a competant realtor is enough. If the realtor results are similar to the tax assessment by the city you can combine that S additional proof. If Cra audits you. They will simply look at...

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QUOTE (Liquid1010 @ Dec 9 2008, 09:41 PM) I was hoping to start this thread in an effort to identify some good contractors. One property I`ve been working on has been on hold for almost 2 months now due to a sleazy contractor, and I thought this might be a good place to seek out a good one. Does...

buy buy buy buy...now is the time to be buying stocks. I am. You dont get many opportunities to buy stocks after such a huge sell off. you buy now, when fear is at maximum and the future is so unknown. Looking back at history, 30`s-70% market drop, 87 35% market drop, 2002-50% market drop...

Sorry for replying so late, life has ben hectic lately.

QUOTE (piggy @ Nov 15 2008, 11:20 AM) Update on work completed: Morris did a bathroom from scratch , and he did a very good job. My brother builds houses here in Calgary (The Building Firm), and he was happy enough with it to hire him for some work on their infills. I have seen the bathroom...

QUOTE (neill @ Sep 7 2008, 06:13 PM) Hi - is your brother`s bathroom far enough along to comment on drywall/mudding/taping job? We are looking for someone with this skill set. Thanks Neill Airdrie AB Update on work completed: Morris did a bathroom from scratch , and he did a very good job...

Just thought I would throw this out there , if anyone has any comments much appreciated. I watched Don today on BNN-always catch an interview with Don-very informative...Thanks Don ! He mentioned some concern over the Toronto and Vancouver condo markets due to unabsorbed units increasing...

QUOTE (smack123 @ Sep 30 2008, 11:15 AM) I am hearing that interest rates may climb due in part to recent instability (understatement of the year) in the US. I have a variable, and agree that if you look at it historically, variable is the way to go. However, you must look at the specifics of...

QUOTE (Sandy @ Sep 2 2008, 12:55 PM) Perhaps you could list some of the jobs that he has done to give us an idea of his skill set? Thanks! Sure. He did minor repairs around my house-installed a house vacuum, excavated the yard with his bobcat, trim work, etc. Built 2 pressure treated decks...

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From my loose knowledge of the subject: IF YOU flip it quickly, while it is rented or you are living in it, there is a great chance CRA will look at it as income vs. capital gains and you will be taxed on the gains at your marginal rate (bad). If you sell it and there is a good reason like...