Ontario Tax Sale Property

Providing free tax sale property listings for Ontario, Canada

Tax Sale Guide Home

Hst Resale Vacation Land




Chapter: TAX SALES AS A BUSINESS




Dave2

There seems to be some confusion as to whether HST is to be charged on resale of vacation land in Ontario.  I have seen differing so called expert opinions



Netpred

My limited tax knowledge suggests that HST would be payable if GST was payable pre July 1, 2010. Used residential properties are generally exempt as is vacant residential land (this normally includes vacant vacation property). However, if it is a business/commercial property HST would be payable. In most cases where HST is payable the net tax consequence would be zero if the property was purchased by a registrant since the purchaser would receive an input tax credit in the amount of HST that would be payable. In fact, I believe that a declaration could be signed to this effect which would mean that no HST would be charged and no input tax credit would enure if both the vendor and purchaser are registrants.





New1

Guys, can you claim (or write off) lost deposit $$$ from Rev Canada, in your incomeTax?

Frank

If you are buying this as a business, whether it is incorporated or not, I believe you can deduct it as a business expense, that would go for deposit costs, searches, travel costs to do your research, etc...(I don't think you can include bribes to Municipal Officials). 



The down-side of running it as a business is that you will pay full taxes on any profits you make from your ventures, as opposed to buying the occasional property, as a hobby, and realizing some capital gains and therefore only paying taxes on half of the gains.








Tax Sale Property Listings

Books

Ontario:
Current Ontario Tax Sale Properties
Ontario Tax Sales - 2022
Ontario Tax Sales - 2021
Ontario Tax Sales - 2020
Ontario Tax Sales - 2019
Ontario Tax Sales - 2018
Ontario Tax Sales - 2017
Ontario Tax Sales - 2016
Ontario Tax Sales - 2015
Ontario Tax Sales - 2014
Ontario Tax Sales - 2013
Ontario Tax Sales - 2012
Ontario Tax Sales - 2011
Ontario Tax Sales - 2010
Ontario Tax Sales - 2009
Ontario Tax Sales - 2008
Ontario Tax Sales - 2007
Ontario Tax Sales - 2006
Ontario Tax Sales - 2005
Ontario Tax Sales - 2004

Alberta:
Current Alberta Tax Sale Properties
Alberta Tax Sales 2014
Alberta Tax Sales 2013
Alberta Tax Sales 2012
Alberta Tax Sales 2011
Alberta Tax Sales 2010
Alberta Tax Sales 2009
Alberta Tax Sales 2008
Alberta Tax Sales 2007
Alberta Tax Sales 2006
Alberta Tax Sales 2005

Nova Scotia:
Nova Scotia Tax Sale Properties

New Brunswick:
New Brunswick Tax Sale Properties

USA:
New York Tax Sale Properties
Texas Tax Sale Properties

Sheriff's Sales
Ontario Sheriff Sales Properties

Ontario Tax Sale Research

Tax Sale Property AI Chat

Listing by Date
Listing by Counties, Listing by Districts, Listing by Regions, Listing by Single Tier

* My Properties *




Latest Discussion Posts

Re: Who said tax Sales are cheap Georgina by 26.2
Re: Who said tax Sales are cheap Georgina by worldjohn
Re: Who said tax Sales are cheap Georgina by 26.2
Re: Who said tax Sales are cheap Georgina by worldjohn
Re: Tiny Results 2024 by Slick_Willy
Tiny Results 2024 by Slick_Willy
I wish this would happen to my winnings by Dave2
Who said tax Sales are cheap Georgina by Dave2
Sheriff Sale - Feb 23, 2024 by rob
Chat with a Ontario Tax Sale Property AI Expert by rob
Updated EBook Ontario Tax Sale Buyer's Guide by rob
December 29, 2023 by rob
Merry Christmas and Happy Holidays by rob
Homebuilder, or thinking of building your own new home? by Ernestbidder
Toronto Tax Sale Results from June 29? by mike7
Re: redeemed after I won the tax sale by mountainman
Re: minimum bid set much higher than assessed value by mountainman
minimum bid set much higher than assessed value by Ernestbidder
redeemed after I won the tax sale by worldjohn
Re: County Lambton 205 ACRES by Pfm1011
Re: County Lambton 205 ACRES by bee
County Lambton 205 ACRES by Jayz
Sheriff Sale - March 25 - 2022 by rob
Sheriff Sale - March 11- 2023 by rob
Sheriff Sale - March 18 - 2023 by rob

Visit the tax sale properties discussion boards

Articles

Common Reasons People Go Into Foreclosure by Lucy Landley
Real Estate Auctions - Are they for you? by Nancy Woodward
Investing in Foreclosed Properties by Martin Lukac
Foreclosure Homes for Sale by Ivar Rudi
New York City Annual Sale - 2006 by New York City
Investing in Tax Lien Certificates - Three Ways to Profit by Joanne Musa
Introduction To Foreclosure Home Investing by Masni Rizal Mansor
Property Sale Process Kitchener by City of Kitchener
Who's on Your Tax Lien Investing Team? by Joanne Musa
Tax sale process

View more tax sale property articles