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Selling a Property

Whether you’re upsizing, downsizing, or somewhere in between-sizing, our dedicated team of real estate lawyers will help make the selling of a property easy, painless and efficient.

What We Do

In selling a property, our real estate lawyers will communicate with your mortgage company to determine the precise amount owing on the date of closing to direct the payout; we prepare and register the discharge of your mortgage; we conduct a search of the property to outline encumbrances on title; and on closing we payout the mortgage, real estate commission, property taxes and utilities. We ensure the flow of funds from the sale are administered properly and seamlessly.

More importantly, we discuss with you any potential problems in respect of the property or title that could delay closing.

Why Kalfa Law

Most importantly, we advise you on properly claiming the principal residence exemption to capital gains taxation pursuant to section 40(2)(b) of the Income Tax Act on the sale of your home. No one wants to pay more tax than necessary.

At Kalfa Law, we seamlessly and efficiently process your transaction to ensure your closing occurs on time and without additional expense. We also discuss value-added tax planning opportunities in relation to your real property holdings. Our real estate lawyer will meet with you, guide you through the sale process and answer all of your questions along the way.

Buying a Property? We’re here to help™

Insights

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Following the release of the 2019 budget, Canadian Tax Lawyers have been scrambling to parse proposed changes to Canada’s tax laws. While some of these changes are technical adjustments to

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Ontario Tax Deductions & Credits: What Is The Difference?

While both deductions and tax credits reduce the overall amount of tax you will be pay, they have different application. Tax credits directly reduce the amount of tax you pay while tax

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The Tax Court of Canada

The Tax Court of Canada is a specialized court in Canada that has exclusive jurisdiction over tax matters. The Tax Court is the body of court that handles all tax

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