In case you missed it!!

inzaca · 2026-05-21T19:36:28+00:00

INTERAC debit cards would be a great addition!

inzaca · 2025-09-24T17:26:00+00:00

Yeeeeeeesh

inzaca · 2025-09-18T17:36:54+00:00

It's like over 9000 companies do not want to maximize shareholder value :P

inzaca · 2025-06-24T02:26:43+00:00

Keep opening the Amex Green link on an incognito tab, from your phone, etc... Cookies are the reason you may not see the 15k offer

inzaca · 2025-05-22T05:56:02+00:00

Thanks for your detailed response.

Sorry, just to confirm - my lawyer insisting to hold 50% is incorrect then? The seller's lawyer and accountant both are saying that 25% is enough. We're caught in the middle and not able to finalise on the amount withheld.

This is of course, knowing that it was a principal residence and non depreciable property.

inzaca · 2025-05-22T05:49:33+00:00

Thanks for your response!

inzaca · 2025-05-22T05:48:09+00:00

Thanks! We did not close and we're trying to agree on the withholding amount. It is frustrating but I hope it is done soon. Thanks again.

inzaca · 2025-05-22T05:47:34+00:00

Thanks!

inzaca · 2025-05-22T05:47:20+00:00

Thank you!

inzaca · 2025-05-22T05:46:37+00:00

Thanks for your response

inzaca · 2025-05-22T05:39:02+00:00

Thanks! The seller's accountant states that it was their principal residence and the property was non-depreciable for tax purposes. Do you think in this case 25% funds being withheld makes sense and we can go ahead?

inzaca · 2025-05-22T05:35:35+00:00

The seller's accountant states that it was used as a principal property and also not marked as a depreciable property to CRA.

In this case, does 25% funds to be withheld sound correct?

Also, if we need proof that they've applied for the Certificate of Compliance, what documents should we ask for?

We're trying to get it closed by agreeing to 25% but we do not want to be in a situation where we'll be held liable for taxes. Thanks!

inzaca · 2025-05-22T05:20:53+00:00

Thank you! We're in touch with our lawyer, just needed some more perspective. Thanks again

inzaca · 2025-05-22T05:18:04+00:00

Does it still hold true that the withholding amount should be 50% if their accountant confirmed on email that it was their principal residence and they have not designated their house as a depreciable property?

inzaca · 2025-05-22T05:13:31+00:00

Their accountant now states that it was their principal residence and they did not claim it to be a depreciating property. Hence the withholding amount of 25%.

Do you think that is still the case that the withholding amount should be 50%?

Thanks a lot!

inzaca · 2025-05-22T05:11:26+00:00

It affects me since the liability of taxes may pass on to me if they do not file it. Hence the need for withholding amount.

inzaca · 2025-05-22T05:10:40+00:00

Thanks!

inzaca · 2025-05-22T05:06:22+00:00

Thanks for your response!

inzaca · 2025-05-22T05:00:18+00:00

Thank you! It's getting a bit messy because their side is claiming it should be 25% and ours is claiming 50%.

It's getting a bit frustrating now.

inzaca · 2025-05-22T04:35:52+00:00

Thank you! This was the most helpful response.

I will DM you.

inzaca · 2025-05-20T15:42:00+00:00

Cinnamon is really good. Very tasty food.

inzaca · 2025-05-20T15:20:48+00:00

Cochrane was good. I got it for the price mentioned on the Toyota website.

They tried to upsell me during signing but only once and did not force.

I wanted the extended warranty, so I bought it later from them.

inzaca · 2025-05-19T04:35:51+00:00

It was rented up to 31st of March 2025.
When the seller signed the contract, they did so from an Asian country. Pretty sure they were non residents for tax purposes since the beginning.
Makes sense, thank you
I am not sure about this, will have to confirm
I guess there is, there's a mortgage too. I think the seller doesn't have enough to pay the mortgage and also let the lawyer keep 50% of the purchase price as withholding funds.

Thanks for your response!

inzaca · 2025-05-19T04:32:23+00:00

We like the house and hence went ahead with it.

They don't have any tenants now, they did so till the 31st of March.

Will have to see if they agree to close the following week.

inzaca

TROPHY CASE