Be careful when using assignments in pre-construction


Should you consider assignments in real estate investment?

A lot of real estate investors consider assignments but it's important to keep in mind that these assignments on pre-construction residential properties or on new or substantially renovated residential properties are subject to GST/HST.


Some important background information.


Real Estate Tax Advisor, Andrew Ku, shares some excellent information and backgound on using assignments and what to keep in mind when doing so: