Compliance in the real estate sector

Services and information

  • Addressing non-compliance in the real estate sector
    The Canada Revenue Agency (CRA) uses a combination of advanced risk-assessment tools, analytics, leads, and third-party data to detect and address non-compliance in the real estate sector.
  • Reporting real estate income and expenses
    When you rent out property, you must report the income on your tax return, and you can also deduct related expenses. To determine income and expense amounts, there are a number of details to consider.
  • Tax effects of buying real estate to sell for a profit
    When you sell your home you do not usually have to pay tax on any profit from the sale because of the principal residence exemption. However, if you buy a property with the main intention of selling it, you will owe tax on any resulting gain (or profit).
  • Unnamed persons requirements in real estate
    One of the tools the CRA sometimes uses to address non-compliance and verify reported income in the real estate sector is the unnamed persons requirement.
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