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Jeneevan Theivendran

416-843-1703

Looking to sell your home in Whitby? - WhitbyTeam.com


Expert knowledge. Personalized service. Your Whitby real estate partner.



Looking to sell your home in Whitby? Look no further than Whitby's premier real estate team! Our team of experienced professionals knows the local market inside and out, and we're dedicated to helping you get the most out of your property.


We understand that selling your home can be a stressful and emotional process but with our team on your side, you can rest assured that we'll handle every detail with care and expertise, from setting the right price to creating a custom marketing plan that will attract potential buyers.


With our extensive network of contacts and our deep understanding of the local market, we'll help you get the best possible price for your property. And with our personalized service, you can trust that you'll always be in good hands.


So why wait? Contact Whitby's premier real estate team today and let us help you take the next step in your real estate journey. Let's get started today!


Our team is committed to providing you with exceptional service from start to finish. 


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By Jeneevan Theivendran 26 Mar, 2023
Important law pertaining to real estate that came into effect on January 1, 2023 that everyone needs to be aware of and understand! Canada’s new anti-flipping rules for residential real estate: Designed to “reduce speculative demand in the marketplace and help to cool excessive price growth.” Disallow the use of the principal residence exemption (PRE) to shelter the capital gain realized on the sale of your home if you’ve owned it for less than 12 months (specifically, 365 consecutive days). Gain will be 100 per cent taxable as business income. Allows for certain exceptions: such as death, disability, separation and work relocation. Flipping has been defined in government documents as “purchasing real estate with the intention of reselling the property in a short period of time to realize a profit.” For PRE – requirements must be satisfied, such as actually owning the home, and living in it for at least part of the year by the individual (or their spouse, common-law partner, or child). Capital Gains vs. Business Income on the sale of a property. If property was purchased for the purposes of flipping, assignment, or buying to build and sell, the profits on the sale of the property are generally taxed as Business Income. If purchased to generate rental income, profits on the sale would be taxed as capital gains. Generally, capital gains are only included in income at 50%, so they are taxed lower than business income. This means the gain, less any associated expenses will be fully taxable in the year of the sale, just as though the seller earned the money in other employment. ref- https://www.kormans.ca/
By WhitbyTeam.com 15 Mar, 2023
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By Jeneevan Theivendran 12 Mar, 2023
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By Jeneevan Theivendran 12 Mar, 2023
Discover Your Perfect Home in Whitby with Trusted Local Realtors - WhitbyTeam.com
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