Maroof HS CPA Professional Corporation, Toronto

Canada@MaroofHS.com | 320 Bay St, Suite 469, Toronto ON M5H 4A6 Canada

Tag: real estate

real estate

Income taxes for short-term rentals in Canada
Individual Tax - Canada

Short Term Rentals in Canada

Tax Question Asked by: Andrea J. Marie I have a condo that I use as an AirBNB in Toronto. I am recently told that I cannot claim any tax deductions against the rental income that

Read More »
Toronto CPA to file bare trust return
Individual Tax - Canada

Bare Trust Reporting in Canada

Question asked by Sumit Khanna My son owns a house where he lives. He was having a hard time getting a mortgage. I decided to be on the title of the property to help him

Read More »
Corporate income taxes for Realtors having personal real estate corporations PREC in Ontario and British Columbia.
Business Incorporation

Personal Real Estate Corporation (PREC)

In Ontario, real estate agents and realtors have traditionally operated as sole proprietors, as they were not allowed to incorporate their businesses. However, Bill 145, the Trust in Real Estate Services Act, 2020, introduced important

Read More »
Scroll to Top