GTA Accounting is a highly rated CPA Firm in Toronto
With over 200 5-star reviews on Google, GTA Accounting has also won awards on Clutch 2 years in a row, featured in the Toronto Star and is one of the Best Companies for 2022 on "ThreeBest Rated".
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Understanding Real Estate Taxes in Oakville
Calculation of the real estate tax is done by the price of the real estate property. Both the land and the building on it have to be considered. You have to pay this tax if you own a property or a piece of land. Either you live in the property or have invested in it; you’d have to pay the real estate tax in Oakville and beyond. A real estate tax combines both the municipal and the provincial property tax. The real estate business in Oakville is flourishing. Real estate agents are busy all day serving the clients. It is essential to choose the best real estate accountant in Oakville. GTA Accounting has vast experience in real estate tax. We have been dealing with these taxes for a long time with multiple clients. We will make sure that you don’t have any financial burden and that you go about your business while we take care of the real estate taxes in Oakville and more. Whether you are an individual or a corporation, we cater to both.
Our accountants know the ins and outs of real estate accounting. We will provide complete detail of your taxes in real estate so that you can make well-informed decisions. Once you have the entire picture, you can make better decisions like whether to sell the property or not and more.
Real Estate: Good or Bad?
Are you an investor and want to invest your money in something that has excellent returns? Look no further; investment in real estate is one of the safest, risk-free ways to earn money from your investments. Moreover, it gives you outstanding returns. Since housing is booming all over Canada, especially Oakville, the price of houses is rising rapidly. In fact, the value of the homes is getting appreciated on a month-to-month basis. Therefore, investing in real estate is an excellent opportunity to diversify your investment portfolio and get long-term financial gains.
However, as you know, Canada’s taxes system is complicated. You would have to make sure that all your real estate taxes are being paid timely and you don’t get into any problems in the future. GTA Accounting will handle all your taxes related to your property. Our CPA is up to date with the industry regulations and tax changes. Being up to date is critical to providing you with valuable information for making the right decisions for the future. We also make sure that you don’t incur any unnecessary penalties and interests due to late submissions. At GTA Accounting, we are on time—every time.
A Wide Range of Real Estate Tax Services
It is not very difficult to reduce the business property tax. GTA Accounting works with you and builds a property tax management plan that fits your needs. Here at GTA Accounting, we provide a range of different real estate tax services.
Some of our services include:
- Assessment Reviews: We will analyze that the property price you are purchasing matches the market price.
- Commercial Property Tax Appeal Services: When paying your property taxes, we will ensure that you don’t pay a dime more than the required taxes.
- Pre-Acquisition Reports: We will assist you in calculating property taxes and providing future tax projections for all aspects of your purchase.
Land Transfer Taxes In Oakville
In Canada, the buyer has to pay the Land transfer tax to the province. Generally, it is on the amount you paid for the land. However, in some cases, the land transfer tax is not on the amount of the land but the basis of the fair market value of the land.
Harmonized Sales Tax (HST) applies when you buy a new home or a substantially renovated home and not on the resale home. However, you shouldn’t worry about all of these land transfer taxes or when the HST would be applicable. Once you partner with GTA Accounting, our team of expert accountants will do the math, prepare all your documentation, file the taxes, and more.
On top of that, if you buy the home for the first time, you might be eligible for a refund. Again, our CPA would make sure that you don’t miss this opportunity to save your money.
Why Hire GTA Accounting for Real Estate Taxes?
At GTA Accounting, we take care of everything for you. You don’t need to be concerned about anything. We can not only help you with real estate taxes but also your company taxes and more. The amount of property tax you pay would be determined by the type of property you own. Every year, these taxes vary, and our skilled tax accountants make sure that they are up to date. They also make sure you get all of the benefits you are entitled to, such as allowing you to pay your taxes in installments rather than in one large sum.
Why Clients Choose
GTA Accounting
The majority of our clients stay with us long-term due to our availability, transparent pricing and quality of service in addition to our evolving knowledge of tax laws.
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