Renting

Posted by on Sep 4, 2014 in Uncategorized | Comments Off on Renting

For those that see real estate as an investment and will be renting out what they buy…..

Investor HST Rebate

Send the completed forms linked below (GST 524 and Ontario Rebate Schedule) with builders adjustments and a copy of the your lease to CRA. No need to pay us $350 (plus hst and disb) do this on your behalf! 

http://www.cra-arc.gc.ca/E/pbg/gf/gst524/gst524-fill-06-13e.pdf

http://www.cra-arc.gc.ca/E/pbg/tf/rc7524-on/README.html

Capital Gains

Tricky stuff. Ask your accountant, not us. If you are brave, see the CRA rules below:

http://www.cra-arc.gc.ca/E/pub/tp/it381r3/README.html

Landlord Obligations

You don’t (for now) need a licence to be a landlord, but try and get it right. Services we offer 

1) Provide application to lease and lease in accordance with RTA;

2) Credit check;

3) Criminal Records check;

4) Database search (rental proceedings)

Checks are useful if you later defend against discrimination claims on prohibited grounds or attempt to find and recover from a former tenant.  

Know your obligations under the RTA!

  http://www.ltb.gov.on.ca/en/Key_Information/STEL02_111232.html

Property Managers

Some builders offer rental guarantees and professional property managment as an inducement. We have been able to negotiate additional safeguards for investor clients on many occasions. We also have referral contacts in the field.

Ramsi LGH
Ramsi LGH
14:37 26 Aug 19
Arya Aboosaidi
Arya Aboosaidi
11:48 16 Sep 18
Great law firm!
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