REAL ESTATE FLIP
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Tax consequences: Implications for taxes on income. Deductible capital gain or business income? Pay attention to taxes. The purchase of a residential complex that has been occupied as a residential property is exempt. So no sales taxes on the purchase. Same thing at resale without taxes to hand when it comes to minor renovations. Unlike major renovations, redo much of the interior or modify the roof and the exterior. In this case, sales taxes (GST and QST) must be remitted to the tax authorities. Some renovations that have not been taxed, labor and supplies of small suppliers, will be subject to provisions leading to a self-assessment.
Team of professionals for the project (Designer, Engineer, Contractor, plumber, electrician, notary, ect ..).
Local and international network,
After sales service.
We take care of everything !