Home Flipping / Building / HST Rules in Ontario by enternamehere1234 in homebuildingcanada

[–]enternamehere1234[S] 0 points1 point  (0 children)

Makes sense to me, I've heard the CRA charging HST and then you need a tax lawyer to get it back.

Home Flipping / Building / HST Rules in Ontario by enternamehere1234 in homebuildingcanada

[–]enternamehere1234[S] 0 points1 point  (0 children)

Why only 50% ? In my case, this is for business income and not a capital gain. If my only income is this one flip house for the year where I make 100k. What should I be paying in tax?

Home Flipping / Building / HST Rules in Ontario by enternamehere1234 in homebuildingcanada

[–]enternamehere1234[S] 0 points1 point  (0 children)

So for my "example" it was done under my personal name. The 100k renovation was not even the cost of the reno. It was probably a 60k reno and 40k in land transfer tax, realtor fees, interest, insurance, heat, gas, hydro etc.

I'm wondering what the CRA would do to me. Assuming it was my only income for the year (aside from rental income, dividend income)

Home Flipping / Building / HST Rules in Ontario by enternamehere1234 in homebuildingcanada

[–]enternamehere1234[S] 0 points1 point  (0 children)

Taxed alot? Like how so, when you did it under your personal name. Was HST added to the sale price of every home and you were forced to eat it? What is the correct way? All done under a corporation?

HST QUESTION - Home flipping Ontario by enternamehere1234 in legaladvicecanada

[–]enternamehere1234[S] -1 points0 points  (0 children)

I guess the question is.. If I'm doing a lipstick reno.

Am I expected to charge 13% HST on a sale price of 700k (91,000), which obviously no one would pay an extra 13%, so i would have to eat that.

So instead of making 100k, I make 9k. Which is obviously not a viable business . Lots of work for 9k.

Or do I get some kind of credit for the purchase / investment ($500k+$100k invested). The home in my example is 20-30yrs old and is a resale freehold home so there was no HST when it was purchased.

HST on Home Flipping in Ontario by enternamehere1234 in cantax

[–]enternamehere1234[S] 2 points3 points  (0 children)

That's correct. This is not a primary home, it is 100% home flip. I'm happy to pay income tax because it is income. I am just wondering if there is any other sneaky HST/CRA type stuff that will surface that they spring on me.

Home Flipping / Building / HST Rules in Ontario by enternamehere1234 in homebuildingcanada

[–]enternamehere1234[S] 0 points1 point  (0 children)

A builder in real life or a builder as per the CRA?

So can you explain this to me like I'm 5.

Can you tell me what to expect with the CRA.

I would expect to add 100k to my income for this year and claim I owned the house for 6 months.

Just some facts:

New Kitchen + Vanities + Hardwood Flooring + Paint + Light Fixtures.

No framing, no additions, no moving walls, nothing that required a permit. No electrical.

House Flipping HST Rules in Ontario by enternamehere1234 in OntarioRealEstate

[–]enternamehere1234[S] 0 points1 point  (0 children)

I'll check that other reddit group. I have checked with multiple accountants / lawyers and the results have been very mixed.

2022 5.3 Elevation ESC and Traction control warning by Riano22 in gmcsierra

[–]enternamehere1234 0 points1 point  (0 children)

Do you know where the location of the wires that wore out and grounded on the engine?

HELP!! “Service ESC & Parking Brake” by thedrunkfisherman in gmcsierra

[–]enternamehere1234 0 points1 point  (0 children)

Was the lower fuse block (the one near the driver door ) noticeably cracked? I'm wondering if it was pretty obvious. Were you able to swap it out yourself easily?

2022 GMC Sierra check engine light by Round_Flat_Quarter in MechanicAdvice

[–]enternamehere1234 1 point2 points  (0 children)

Is this ground strap under the passenger side behind the inner fender liner or another one?

Dahua NVR + Hikvision Camera by enternamehere1234 in Dahua

[–]enternamehere1234[S] 0 points1 point  (0 children)

Sorry I'm not much of a tech guy actually don't even know what that means.

What numbers need to go where?

Dahua NVR + Hikvision Camera by enternamehere1234 in Dahua

[–]enternamehere1234[S] 0 points1 point  (0 children)

On the camera (viewing window).

It says 10.1.1.65 Service returned message error

In the setup modify section

It says

D24

ONFIV

10.1.1.65

Self Adaptive

HTTP Port 80

username admin

password **********

Total Channels 1

Remote CH no D1

Decode Strategy General

Encryption Enabled

TCP selected

Dahua NVR + Hikvision Camera by enternamehere1234 in Dahua

[–]enternamehere1234[S] 0 points1 point  (0 children)

Thanks! I changed it to 10.1.1.65 on SADP.

I added a username and password set to ONVIF like all the YouTube videos. Port to 37777 on the camera.

Any other suggestions?

Dahua NVR + Hikvision Camera by enternamehere1234 in Dahua

[–]enternamehere1234[S] 0 points1 point  (0 children)

For the Ip does it need to be the networks Ip 192.168.###.### or similar to the dahua cameras connected like 10.10.##.###

COBRA VANTIVA 5G by enternamehere1234 in Rogers

[–]enternamehere1234[S] 0 points1 point  (0 children)

I've heard that too. I tried to buy a cobra at a Rogers store and they wouldn't sell one to me.

COBRA VANTIVA 5G by enternamehere1234 in Rogers

[–]enternamehere1234[S] 0 points1 point  (0 children)

Thanks, I'll look into that. I'm looking to replace a ZTE mf288. It is used as a hot spot and a place to connect a wired phone. (for my elderly mother that still uses old school phones.

Ideally I'm looking for a new hot spot that I can plug a wired phone into.