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Courses/Accounting & Tax/Real Estate Tax

Tax Issues In Canadian Real Estate: 2023-2024 Edition

A Comprehensive Review of the Main Tax Issues Affecting Canadian Real Estate Transactions

Created bySteven Pitucci
4.5
(995 reviews)
BeginnerUpdated Jan 12, 2024
Tax Issues In Canadian Real Estate: 2023-2024 Edition

What You'll Learn

check_circleAnalyze key UHT updates for 2023-2024.
check_circleAddress common builder GST/HST issues.
check_circleNavigate anti-flipping rules and exceptions.
check_circleUnderstand new trust reporting mandates.
check_circleExplore the First Home Savings Account.
check_circleDistinguish rental business vs property income.

About This Course

In this comprehensive course, Steven Pitucci, a practicing CPA from Toronto, Ontario, discusses common issues that often come up involving the purchase and sale of real estate properties in Canada. The goal of the course is to take complex, technical matters on these issues and convey them in a way that is easily understandable to professionals who are less familiar with these matters and want to expand their knowledge base. Topics discussed in this course include:

  • Updates on the Underused Housing Tax (UHT) Act – revisiting the legislation one year later (including a discussion on requirements for bare trusts)
  • Common GST/HST issues that homebuilders face
  • Legal changes in 2023 affecting real estate transactions – including the new NRRP GST/HST rebate, the “anti flipping” rule, and new compliance requirements for trusts
  • The First Home Savings Account (FHSA): overview + planning considerations
  • Income from a rental property – how do you determine if it is business or property income?
  • Tax updates from the 2023 Federal Fall Economic Statement affecting Canadian real estate

NOTE: The last section covering the 2023 Federal Fall Economic Statement was added after this course was initially published (on Oct 31 2023) due to the report being delivered after the initial publication date.

Your Instructor

Steven Pitucci
Steven Pitucci

Accounting and Tax Educator, CPA, CA

menu_book16 courses
star3,707 reviews

As a Chartered Professional Accountant, I am currently navigating the complex world of forensic accounting & advisory in a Canadian insolvency firm. I am a former partner of public accounting firm serving Canadian individuals and privately-held businesses. I am also educating other accountants with all things accounting and tax. I have a passion for taking complex issues and teaching them to others in a manner that is understandable.

Credit Information

Do these courses count toward my professional development requirements?

This portal is provided as a training and development resource for City of Markham employees. Every course is delivered by a qualified subject matter expert or learning organization, is quantifiable in hours, and is verifiable — you receive a documented certificate of completion for every course you finish, stored on LearnFormula indefinitely.

If you hold a professional designation (for example in engineering, accounting, human resources, or law), courses may be counted as professionally relevant, verifiable learning activities toward your continuing professional development. Individual practitioners are responsible for confirming that an activity meets the requirements of their professional body. For questions about the City of Markham's training and development policies, please speak with your people leader or Human Resources.

What Students Are Saying

4.5
Student's Choice
995 reviews

Frequently Asked Questions

We are a registered provider with 327+ associations and regulatory bodies worldwide. We operate across 29 global markets including Canada, the US, Australia, and the UK. Every course page clearly displays its specific accreditations. Upon completion, you receive a professional certificate that can be validated online. Our certificates include all necessary accreditation details, credit hours, and completion dates, and are formatted specifically to meet the submission requirements of most global regulatory bodies.