Real Estate Broker
Welcome to Sider Management Company – Toronto’s Trusted Real Estate Brokerage
At Sider Management Company, we work tirelessly to represent your best interests when buying or selling properties in Toronto and Toronto West. With years of local expertise and a firm commitment to excellence, we ensure your real estate journey is seamless, efficient, and rewarding.
Rooted in professionalism and guided by Ontario’s Real Estate and Business Brokers Act, 2002 (REBBA 2002), under the oversight of the Real Estate Council of Ontario (RECO), we are your steadfast advocates. As registered REALTORS®, we uphold the highest standards of loyalty, transparency, and trust in every interaction.
From the initial consultation to closing the deal, we explain your service options clearly, define our working relationship, and tailor every step to your unique needs. Whether analyzing market trends or negotiating on your behalf, our team delivers unmatched expertise to help you achieve your goals.
So, if you’re ready to experience top-tier service in Toronto’s competitive real estate market, don’t wait. Visit our Contact Page today, and let Sider Management Company turn your real estate aspirations into success stories!
Tax Facts
Sider Professional Property Management Tax Advice
Topic 1: Purchasing a Commercial Property
Option 1: Buyer Claims Hst
- Buyer is required to have HST number prior to closing on purchase of new commercial property;
- Unless specified, Buyer will be responsible to collect HST and subsequently apply for HST ITC on Form GST62;
- Buyer will report HST collections on Line 103;
- Buyer will apply for HST ITC on Line 106;
- Net Effect, cancels out and is a wash but is required to report to CRA.
Option 2: Seller Collects Hst
If Buyer agrees, when Seller collects HST from Buyer, seller will report HST collection on Line 103. Buyer will subsequently claim ITC on Line 106. Again, Buyer must have an HST number. It is very seldomly done in this manner.
Option 3: Buyer Has No Hst Business Number
If Buyer has no registered HST business number at time of transaction, the seller is required to collect HST and the Buyer must remit HST amount to the Seller. In this scenario, the Buyer is out of pocket and will not re-coup HST paid to the Seller. Therefore, obtaining HST BN is a MUST for any potential buyer of commercial property.
Topic 2: Tax Forms (click on link to download)
- GST 62: Filing form used for reporting HST collected against HST paid out.
- GST 524: Rebate application on Federal HST portion of purchases.
- RC7524ON: Rebate application on Ontario HST portion of purchases.
- RC1: Application Form for obtaining HST number or any other CRA account number.
- T2091: Declaration of Principal Residence upon disposition of Home after residing over 2 years.
Brokerage
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SIDER IS ON YOUR SIDE, a dedicated and experienced realtor who prioritizes your needs, guiding you through every step of your real estate journey with expertise and care.
