When a specialty tax practice like our own, focussed on GST/HST and other indirect taxes, sees a plethora of inquiries from homeowners being either assessed by the Canada Revenue Agency (“CRA”) on the sale of their homes, or threatened with such assessments, we know that something is up!
As we have previously written, the CRA continues targeting residential homeowners. Specifically, those who have sold their home in a short period of time after: (1) substantially renovating; or (2) commissioning the construction of a new home for their own use.
Tagged in:
Canada Revenue Agency
GST/HST Assessments
Home Owner/Builder
Home Renovation
Residential Housing
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