Assignments Part 2: Chosen Lawyer is Back to Discuss Tax Implications | Episode 44

Jonathan Hacohen (@Chosenlawyer) joined David and David in Episode 34 to talk about how to close real estate assignment transactions.  Now he's back in part 2 of this series to discuss the tax implications of assignments!  If you are a realtor, assignor or assignee (buyer or seller) of an assignment, you MUST tune in.  Assignments are the most complex residential real estate closings.  The Chosen Lawyer with David and David breaks down many of the tax consequences of closing a residential real estate assignment transaction in Ontario, Canada.  Whether this is your 1st or 10th assignment deal- you will be blown away by parts 1 and 2 of the assignment series.  Stay tuned, a 3rd part is in the works! Agenda:  Under current market conditions will there be more or fewer Assignment transactions? TAX CONSIDERATIONS: Land Transfer Tax Harmonized Sales Tax GST/HST New Housing Rebate Income Tax Capital Gains Tax Importance of a Lawyer review clause for each party ____________________________________________________________  Join us as we explore the ins and outs of the real estate market, and dive deep to understand the issues affecting buyers, sellers, investors and businesses. If you love real estate as much as we do, sit back, relax and gain an insider's edge to the exciting world of real estate. David Gorski is a broker and the owner of Sutton Summit Realty—a boutique brokerage providing guidance to over 230 realtors, and David Korman is a partner at Kormans LLP—a boutique law firm focusing on residential and commercial real estate transactions STAY CONNECTED:  🔗 Get a free consultation: https://linktr.ee/KormansLLP ✔ INSTAGRAM: https://www.instagram.com/kormansllp/ ✔ TIKTOK: https://www.tiktok.com/@kormansllp ✔ TWITTER: https://twitter.com/kormansllp ✔ FACEBOOK: https://www.facebook.com/kormansLLP ✔ LINKEDIN: https://ca.linkedin.com/company/kormansllp