Showing posts with label Evictions. Show all posts
Showing posts with label Evictions. Show all posts

Monday, December 2, 2019

Renoviction or Own Use? Which one?

Landlords are moving back in or taking control of their properties;

The first are evictions for an "own-use" claim by a landlord, such as a landlord saying that they or an immediate family member are moving into the property. There were 323 of these applications at the LTB in 2015, and the number has steadily risen each year since, with 595 in the 2018-2019 fiscal year.The second type of no-fault eviction is for for renovations, repairs or conversions that require the tenant to move out. These are often called renovictions by housing advocates. There were 18 of these applications in Toronto in 2015. The number has increased each year since, with 71 in the 2018-2019 fiscal year.  https://www.cbc.ca/news/canada/toronto/toronto-rental-evictions-report-1.5369521


I actually wonder how they are tracking these applications given that the filing system is by property address.



Tuesday, October 10, 2017

CRA Revenue Canada serves Condo Developer for customer list

There it is

YUP

Who purchased that Condo and then flipped it?

Developers have records and are now required to hand them over.


And several similar applications are under way, reflecting the federal government's efforts to crack down on potential tax cheating in the presale market.A July 25 Federal Court order requires the developers of the Residences at West, a Vancouver condo project at 1738 Manitoba St., to provide the Canada Revenue Agency (CRA) with documents related to presale flips, also known as assignments, in the building, including proof of payments and correspondence between the developers and people who buy the assignments.That order followed a June 29 application from the federal government.In September, the Minister of National Revenue applied for court orders related to One Pacific, a Concord Pacific project, and Telus Gardens, a downtown project developed by Westbank Corp.Both developers said they would comply with the request for documents."Customer information is protected by privacy laws and is not at the developer's liberty to disclose unless ordered by the Court," Matt Meehan, senior vice-president of planning at Concord Pacific Developments Inc., said in an e-mail.  https://beta.theglobeandmail.com/news/british-columbia/court-orders-developer-to-reveal-condo-flipper-info/article36528239





Where will you make extra money without tax? 
No where

Plan and manage your investments

Call David Pylyp
RE/MAX realty specialists inc.,
647 218 2414