Manage episode 277480497 series 2794891
There is no hard and fast rule as to which properties you must pay Goods and Services tax (GST) on, as every situation is a little different.
James and Denny review situations where it was unclear if the GST had to be paid, and what they learned from those circumstances.
This episode will focus on the impact of intent when purchasing a property, buyers vs. sellers paying the tax, the difference between new construction and significantly renovated homes, and the importance of speaking with a professional accountant about each individual real estate deal.Podcast Videos can be found on the Garbutt + Dumas Real Estate Team YouTube channel
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