Real estate agents beware: Commission rebates can be taxable to clients

By Anna Malazhavaya ( July 6, 2021, 2:39 PM EDT) -- There are nearly 40,000 real estate agents in Toronto; that is one agent for every 140 Torontonians! In Vancouver, the numbers are even more staggering — one agent for every 61 Vancouverites. It helps, of course, that the real estate market is sizzling hot, but across Canada, the competition among realtors is fierce. In order to stand out from their competitors and attract potential buyers, some agents offer so-called commission rebates (a.k.a. “kickbacks”)....
LexisNexis® Research Solutions

Related Sections