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...
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?
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...