Oakville Real Estate Law
414 North Service Road East L6H5R2 Oakville, ON, Canada

Creating this useful guide gives a voice to the purchase process that includes the real estate lawyers perspective. http://oakvillerealestatelaw.com/getting-a-mortgage-first-t

What You Should Know About Real Estate Taxes When Buying a Home http://oakvillerealestatelaw.com/taxes-buying-home/

Another change is that there is additional tax paperwork that must be filled out with the Principal Residence Exemption (PRE). Right now, the Form T2091 can be used just like in the past but there may be another form of paperwork that is required in the future. To claim the exemption, you will have to provide your basic information on the tax return for that year. http://oakvillerealestatelaw.com/principal-residence-tax-c/

The tax change is there to help those who are legitimate residents and have to sell for whatever reason like a change in location or moving for a job offer. According to Keith Masterman who is a Tax, Retirement, and Estate Planner, some people do have to buy and sell their property in the same year and this does not mean that they are flipping houses or acting as a speculator. Some simply have a change in life plans such as the mentioned job offer. http://oakvillerealestatelaw.com/principal-residence-tax-c/

The changes on the Principal Residence Exemption (PRE) were changed for a reason. Read More Here: http://oakvillerealestatelaw.com/principal-residence-tax-c/