.png)
Close your transaction in four easy steps
1
Tailored Legal Advice
We customize our services to meet your specific real estate tax planning needs.
2
Comprehensive Support
From land transfer taxes to NRST compliance, we handle every aspect of your tax strategy.
3
Proven Proficiency
Our lawyers have extensive experience in real estate law and tax planning, ensuring your success.
4
5
Other Real-Estate Law Services
With a proven track record in residential real estate, our lawyers are known for their attention to detail and commitment to excellence.
We work closely with clients and partners alike to deliver results that exceed expectations.
What our clients say
Related Blog Posts
The Smarter Way to Practice Together: LLPs in Ontario
.png)
M. Wajahat Faizan
Discover how Limited Liability Partnerships (LLPs) in Ontario protect professionals like lawyers, accountants, and architects while allowing collaboration, resource-sharing, and individual liability protection.
September 18, 2025
HST Remittance on a Commercial Sale – Part Two
Kormans LLP
In this blog post, we will cover in further detail some of the other key items that are important to consider when accepting HST indemnity from the Buyer for the HST self-remittance.
August 14, 2025
Delivery of Deposit Is Not a Cooling-Off Period
Kormans LLP
There is an all-too-common misconception by some Buyers and even by some Buyers’ professional, licenced realtors that the time period for the delivery of a Deposit pursuant to a resale Agreement of Purchase and Sale (APS) effectively provides the Buyer with a cooling-off period. The mistaken belief is that the Buyer has until the time and date specified in the APS for the delivery of the Deposit to have Buyer’s remorse for whatever reason and therefore elect to terminate the APS by not delivering the Deposit.
August 7, 2025
.webp)
Frequently Asked Questions
What is the Non-Resident Speculation Tax (NRST)?
The NRST is a 25% tax applied to the purchase of residential property in Ontario by foreign buyers. It applies to certain transactions and may be eligible for rebates under specific conditions.
How does Kormans LLP help with capital gains tax on property sales?
We provide legal guidance to help you minimize capital gains tax liabilities by leveraging exemptions and structuring your sales effectively.
What are the tax implications of owning investment properties?
Investment properties may have tax obligations related to rental income, depreciation, and eventual sale. We provide advice to ensure compliance and optimize your tax strategy.
Why is land transfer tax important in real estate transactions?
Land transfer tax is a significant cost in real estate transactions. We help you understand your obligations and explore opportunities for exemptions or rebates.
Can Kormans LLP assist with NRST compliance and rebates?
Yes, we guide you through NRST compliance and assist with rebate applications to ensure you meet all requirements and recover eligible payments.
