Canadian Assignment Sale Estimator
Calculate potential profit, GST/HST on assignment fees, and estimated taxes when assigning a pre-construction real estate contract in Canada. Under new CRA rules (May 2022), assignment fees are generally subject to GST/HST. Also, flipping properties under 12 months is generally considered business income rather than capital gains.
Contract & Assignment Details
Amount you've already paid the builder. You get this back.
Expenses & Taxes
Total commission paid to agents. HST/GST will be added automatically.
Fees to your lawyer and the builder for allowing the assignment.
Properties sold within 12 months are generally 100% taxable as business income.
Assignment Summary
Gross Profit (Lift):
$0.00
GST/HST on Assignment Fee:
-$0.00
*Since May 2022, assignment sales are generally subject to GST/HST on the"lift" (profit).
Agent Commission + Tax:
-$0.00
Legal & Builder Fees + Tax:
-$0.00
Net Profit Before Income Tax:
$0.00
Estimated Income Tax:
-$0.00
Based on 100% business income inclusion.
Final After-Tax Profit:
$0.00
Return on Investment (ROI): 0%
Based on your initial deposit of $0.
Based on your initial deposit of $0.
Total Cash Received by Assignor
At closing, you should receive back your original deposit plus your net profit (before income tax, which you pay at tax time).
Cash at Closing:
$0.00
