Richard Silver

Real Estate: My New Job as a Tax Collector

In yesterday's Ontario Budget, the Liberal Government, in a effort to help the business community has heaped more taxes on Homeowners. After last year's City of Toronto Land Transfer Tax(doubling the existing Tax but only in the 416 Region), there will now be further new taxes when you buy and sell homes. Previously, services such as Lawyer's fees, Home Inspection and Realtor's Commission were only subject to the Federal GST but now the Province in "Harmonizing" taxes has decided that these...Continue Reading...