About this Webinar
In a heated market like the one we have right now, assignments can be a great way to source deals, which, if not handled carefully, can just as easily become a money pit involving tax liabilities. Sponsored by Homelife Golconda Realty Brokerage and hosted by award-winning realtor Miss Qi, the free seminar featuring Mr. Shapiro, an esteemed real estate lawyer having over 30 years of experience, will help property owners, property buyers and realtors gain a deeper understanding of different issues surrounding assignments.
Topic: Legal and Tax Issues Surrounding Assignment Sales
Audience: 1) Realtors 2) Owners and Potential Purchasers 3) Real Estate Investors 4) Avid Students
1. The what, why and basics of how
2. Who pays for what
3. Assignment purchase price
4. Is GST/HST payable? And on what amount?
5. Rules on HST housing rebate
6. Rules on sibling, parents, etc
7. Residential rental rebate rules
8. CRA and taxes - business income vs. capital gain
Mr. Shapiro is the owner of Shapiro Real Estate and Business Lawyers. He has been a real estate lawyer for over thirty years. During his professional career, Garry was the senior real estate lawyer for one of Canada’s largest national banks; general counsel and vice president for a Mortgage, Finance and a Brokerage Company, and vice-president for a national title insurance company. He was also the senior real estate and business lawyer at a major Bay Street law firm for 12 years. He obtained his Civil and Common Law Degrees from McGill University as well as a Masters Degree in Business Administration.
Miss Qi has an entrepreneurial spirit that has driven her to not only win numerous awards and scholarships during her studies, but also keep pushing the envelope in her real estate career as an investor and licensed realtor. She has managed commercial facilities for Fortune 500 companies, and has developed a thorough working knowledge of land development and construction through her RE investment and development career.