If you are purchasing a brand new home or strata unit, or looking to “flip” or assign a pre-sale unit you are going to be subject to GST, and perhaps in the case of flipping or assignment, subject to collecting GST from the buyer and remitting it a second time.
In today's video, Surrey Real Estate Specialist, Steve Karrasch of Macdonald Realty discusses the case of when GST is applicable, most specifically when it is due on not just the first purchase of a new home but the second. Jimmy Le-Tang, CPA with Achieve CPA discusses the cases in which GST is applicable on a presale assignment, when it is applicable on new property that was never lived in and other scenarios.
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Book time with Steve: https://calendly.com/stevekarrasch
DOWNLOAD Our *FREE* Home Buyer's Guide: https://tinyurl.com/cn6u4sd9
*** Start Your Mortgage Application Today***
CITY WIDE Mortgage Services: https://mtgapp.scarlettnetwork.com/KR_Properties/home
*** Need Home and Property Insurance? ***
Use the company I use! SQUARE ONE:
Tenants, Landlords and Home Owners Save $20 with Square One Insurance using this link: https://www.squareone.ca/karrasch?offer_code=KARRASCH
Are you a REALTOR®? Want to learn how to level up your business?
Learn how to improve your message with the #1 Real Estate Video Course or my YouTube Course for Real Estate
In today's video, Surrey Real Estate Specialist, Steve Karrasch of Macdonald Realty discusses the case of when GST is applicable, most specifically when it is due on not just the first purchase of a new home but the second. Jimmy Le-Tang, CPA with Achieve CPA discusses the cases in which GST is applicable on a presale assignment, when it is applicable on new property that was never lived in and other scenarios.
- - -
Book time with Steve: https://calendly.com/stevekarrasch
DOWNLOAD Our *FREE* Home Buyer's Guide: https://tinyurl.com/cn6u4sd9
*** Start Your Mortgage Application Today***
CITY WIDE Mortgage Services: https://mtgapp.scarlettnetwork.com/KR_Properties/home
*** Need Home and Property Insurance? ***
Use the company I use! SQUARE ONE:
Tenants, Landlords and Home Owners Save $20 with Square One Insurance using this link: https://www.squareone.ca/karrasch?offer_code=KARRASCH
Are you a REALTOR®? Want to learn how to level up your business?
Learn how to improve your message with the #1 Real Estate Video Course or my YouTube Course for Real Estate
*** https://videocourselogin.com/ ***
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YouTube: https://www.youtube.com/channel/UCse8VG5r3C9O9S7W6-p5sNg
Spotify: https://open.spotify.com/show/7wEEPUUhaC8g2CsIwJetbd
Apple Podcast: https://podcasts.apple.com/ca/podcast/the-tom-storey-show-with-steve-tom/id1627632474
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DISCOUNT CODE: Steve10
Subscribe To The Tom Storey Show Podcast with Steve and Tom:
YouTube: https://www.youtube.com/channel/UCse8VG5r3C9O9S7W6-p5sNg
Spotify: https://open.spotify.com/show/7wEEPUUhaC8g2CsIwJetbd
Apple Podcast: https://podcasts.apple.com/ca/podcast/the-tom-storey-show-with-steve-tom/id1627632474
Need VIDEO GEAR? Shop Steve's Amazon Store: https://amzn.to/45cIBbU