Ontario tax lien properties The Corporation of the Township of Red Rock

Ontario tax lien properties

sale of land by public tender

Ontario regulation 181/03

municipal tax sales rules

Ontario tax sale lien propertiesOntario tax lien properties The Corporation of the Township of Red Rock take notice that tenders are invited for the purchase of the lands described below and will be received until 3:00 p.m. local time on March 25, 2021, at the Township of Red Rock Municipal Office, 42 Salls Street, Red Rock Ontario.

The tenders will then be opened in public on the same day as soon as possible after 3:00 p.m. at the Township of Red Rock Municipal Office, 42 Salls Street, Red Rock.

Ontario tax lien properties Description of Land(s):

Roll No. 58 41 000 000 04200 0000; 5 Crutchfield Ave., Red Rock; PIN 62471-0050 (LT); LT 42 PL 780 nipigon S/T right in TBR186848; S/T TBR186848; redrock; File No. 19-01

According to the last returned assessment roll, the assessed value of the land is $11,200.00

Ontario tax lien properties Minimum Tender Amount:$12,190.33

Roll No. 58 41 000 000 18100 0000; 19 Rankin St., Red Rock ; PIN 62471-0202 (LT); LT 211 PL 780 nipigon S/T right in TBR182226; S/T TBR182226; redrock; File No. 19-02Ontario tax sale lien properties

According to the last returned assessment roll, the assessed value of the land is $45,500.00

Ontario tax lien properties Minimum Tender Amount: $18,157.80

Tenders must be submitted in the prescribed form and must be accompanied by a deposit of at least 20 per cent of the tender amount, which deposit shall be made by way of a certified cheque/bank draft/ money order payable to the municipality.

Except as follows, the municipality makes no representation regarding the title to, crown interests, or any other matters relating to the lands to be sold. Responsibility for ascertaining these matters rests with the potential purchasers. Any interests of the Federal or Provincial Crown encumbering the land at the time of the tax sale will continue to encumber the land after the registration of the tax deed. The assessed value according to the last returned assessment roll may or may not be representative of the current market value of the property.

This sale is governed by the Municipal Act, 2001 and the Municipal Tax Sales Rules made under that Act. The successful purchaser will be required to pay the amount tendered plus accumulated taxes and any taxes that may be applicable, such as a land transfer tax and HST.

The municipality has no obligation to provide vacant possession to the successful purchaser.

Real Estate InvestorsA copy of the prescribed form of tender is available on the website of the Government of Ontario Central Forms Repository under the listing for the Ministry of Municipal Affairs.

For further information regarding this sale and a copy of the prescribed form of tender contact:

Albert Headrick,
CAO/Clerk
The Corporation of the Township of Red Rock
42 Salls Street
Red Rock ON P0T 2P0
Phone: 807-886-2245 ext. 223/
cell: 807-356-0640
cao@shawbiz.ca

March 24, 2021 Ontario tax sale lien properties The Corporation of the Township of Hilliard

municipal act, 2001

Ontario tax sale lien propertiesOntario tax sale lien properties

The Corporation of the Township of Hilliard take notice that tenders are invited for the purchase of the land described below and will be received until 3:00 p.m. local time on March 24, 2021, at the Hilliard Township Office, 951678 Highway 569, Hilliardton Ontario.

The tenders will then be opened in public on the same day as soon as possible after 3:00 p.m. at the Township Office, 951678 Highway 569, Hilliardton.

 

 

Ontario tax sale lien properties Description of Land(s):

Roll No. 54 34 000 001 25102 0000; 952145 Highway 569, Hilliardton; PIN 61308-0027 (LT); PCL 23416 SEC SST; PT S1/2 LT 7 CON 6 hilliard PT 1, 54R2997; hilliard; district of timiskaming; File No. 18-01

According to the last returned assessment roll, the assessed value of the land is $127,000

Minimum Tender Amount: $23,179.40

Ontario tax sale lien properties Tenders must be submitted in the prescribed form and must be accompanied by a deposit of at least 20 per cent of the tender amount, which deposit shall be made by way of a certified cheque/bank draft/ money order payable to the municipality.Ontario tax sale lien properties The Corporation of the Township of Chapple

Except as follows, the municipality makes no representation regarding the title to or any other matters relating to the land to be sold. Responsibility for ascertaining these matters rests with the potential purchasers. The assessed value, according to the last returned assessment roll, may or may not be representative of the current market value of the property.

Ontario tax sale lien properties sale is governed by the Municipal Act, 2001 and the Municipal Tax Sales Rules made under that Act. The successful purchaser will be required to pay the amount tendered plus accumulated taxes and any taxes that may be applicable, such as a land transfer tax and HST.

The municipality has no obligation to provide vacant possession to the successful purchaser.

A copy of the prescribed form of tender is available on the website of the Government of Ontario Central Forms Repository under the listing for the Ministry of Municipal Affairs.

For further information regarding this sale and a copy of the prescribed form of tender contact:

Vaughn Finch,
Clerk-Treasurer
The Corporation of the Township of Hilliard
951678 Highway 569
Hilliardton ON P0J 1L0
705-563-2593
twphill@parolink.net

Inherited Properties in Canada

Inherited Properties in Canada

Inherited Properties in Canada

Inherited Properties can provide Canadian real estate investors with a market that is virtually untapped. These homeowners are not found on the internet and are flying below the radar, creating massive potential.

What is Inheritance Tax?

In Canada, there is no inheritance tax. Instead, the Canada Revenue Agency (CRA) treats the estate as a sale, unless the estate is inherited by the surviving spouse or common-law partner, where certain exceptions are possible. This means that the estate pays the taxes owed to the government, rather than the beneficiaries paying. By the time the estate is settled, the beneficiary should not have to worry about taxes.

Is There a Death Tax in Canada?

No, Canada does not have a death tax or an estate inheritance tax. There is no inheritance tax levied on the beneficiary; the estate pays any tax that is owed to the government.

As a general rule, inherited property is non-taxable in Canada. At the time you receive your inheritance, you don’t need to report its value on your return at all. … In Canada, capital gains are treated as a kind of income, and like all income, they’re taxable. That’s called the capital gains tax.

Instead, the Canada Revenue Agency (CRA) treats the estate as a sale, unless the estate is inherited by the surviving spouse or common-law partner, where certain exceptions are possible. This means that the estate pays the taxes owed to the government, rather than the beneficiaries paying.

How Do I Figure Out The Capital Gains On Inherited Property In Canada?

  • Get an appraisal & save any older records. …
  • Pay capital gains tax if you inherited a secondary property. …
  • Pay capital gains tax when selling the property. …
  • Plan for your estate’s future.
  • Is principal residence subject to probate in Ontario?

Probate fees in Canada can be as high as 1.5% of an estate (Ontario) and must be paid on certain assets in order to validate the will and permit the estate trustee to distribute assets to the beneficiaries. … Every Canadian is entitled to have one principal residence that grows in value tax-free.

Can I leave half of my house to my daughter?

However if you are actually tenants in common, as many couples are, then you can leave your 50% share to your children, although usually the spouse retains a life interest because the house cannot be sold without her/ his permission.

Is inheritance taxable in Ontario?

There are no inheritance taxes in Ontario. In other words, there are no taxes that a person who inherits from an estate must pay. Beneficiaries do not pay tax on the money they inherit from an estate.

Does a spouse automatically inherit everything in Canada?

A spouse does not automatically inherit all of your property. … Your children will inherit, but nobody, including your spouse can decide how everything will be divided between the children. And they will receive their inheritance at 18 or 19 depending on the Province

When you inherit money is it taxable in Canada?

In Canada, there is no inheritance tax. If you are the beneficiary of money or asset through an estate, the good news is the estate pays all the tax before you inherit the money. Technically, once you inherit money, the tax has already been paid. You do not have to add inheritance to your income tax return.

Do I have to pay inheritance tax if I live with my parents?

Based on your question, you would be able to inherit the property tax-free if your parents bequeath their house to you in their will. If the dwelling house exemption applies to your inheritance, the value of the house is also ignored in calculating tax on any other inheritance received by you from your parents.

Can I buy my parents house to avoid inheritance tax?

The only way for your children to avoid the taxes is for them to live in the house for at least two years before selling it. In that case, they can exclude up to $250,000 ($500,000 for a couple) of their capital gains from taxes. Inherited property does not face the same taxes as gifted property

Is it better to sell a house before or after death?

uh-oh, no. If you sell the home before he dies, he will pay a capital gains tax on the $250k gain he makes. If you wait till his death, there’ll be a stepped up basis, so his estate won’t owe capital gains tax. In either case, you’ll owe 4.5% inheritance tax on whatever assets you inherit

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Be a game changer and become a Canadian real estate virtual Wholesaler

Be a game changer and become a Canadian real estate virtual Wholesaler

Virtual real estate wholesaling in Canada means having a property under contract using online references, computers and smartphones. Similar to virtual jobs and remote virtual assistants, virtual real estate wholesaling is wholesale real estate transacting that is done mainly through a variety of electronic means in Canada.

Why FlippingWholesale real estate involves entering into a contract for Canadian real estate and then assigning that real estate contract to a different end buyer or fix and flip investor in their local area. It is worth mentioning that investing in wholesale real estate differs from other types of real estate investments, mainly because the wholesaler does not close any deal. Canadian real estate wholesalers do not need money, qualification or an excellent credit score.

Keep in mind that the wholesaler identifies potential panic motivated sellers with properties that they want to move quickly and who do not want to use real estate agents. There are several other reasons where virtual real estate wholesalers find the greatest bargains, such as

  1. Civil reinforcements
  2. Redemptions
  3. Seizures
  4. Evictions
  5. Panic home sellers
  6. Run down properties
  7. Estate sales
  8. Haunted homes
  9. Fire sale

 

  1. Liens
  2. Judgements
  3. Repossessed properties 
  4. Power of sale
  5. Foreclosures 
  6. Public auctions
  7. Surplus properties
  8. Vacant homes
  9. Abandoned homes

Two steps to start Virtual Real Estate Wholesaling in Canada

Canadian professional real estate investors ready and eager to learn how to start virtual real estate wholesaling will be glad to know that the process is not as complicated as they may believe. Also, keep in mind that wholesaling real estate is often a short-term investment strategy. 

Wholesaling Houses

Use Online Marketing To Flip Real Estate. All Done 100% Virtually Without Owning Any Property. The new model of “virtual” real estate investing that’s the perfect opportunity to start a part time “hustle” or full time career (without any prior experience, in any market, from anywhere in the Canada) The Canadian real estate investment strategy apprenticeship is perfect for anyone looking to get started in Canadian real estate OR experienced investors looking to boost their existing real estate business.

The process of wholesaling real estate does not change from one market to another. If you can find and analyze a good real estate deal in Ottawa, you should be able to do the same in Toronto, Montreal or Vancouver. 

Step one will be to get proper training and education form local Canadian real estate experts with proven track record of success. Canadian real estate investment strategy apprenticeship will the right place to start.

It will provide you with the tools, strategies and know how training in real life trenches. Apprenticeship have five components

  1. Preparation
  2. Marketing on steroids
  3. Training in class
  4. LIVE field training in Canadian courts
  5. Virgin deep discounted leads from panic sellers

Second step is to be a member in Canada’s elite REI club which has over 17,000 real estate members. Professional real estate investor group (PREIG) Canada group was launched in April 2005 to conduct network meetings in Toronto every month. It has been running ever since every month, no matter what. Success have few ingredients of persistence, consistence, commitment, discipline and dedication.

If you want to become a Canadian virtual real estate wholesaler, then the apprenticeship is the best weapon in your arsenal — it opens your opportunities up to whole world and all the relevant training and education.

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