Episode #39 - What are assignments/wholesales?

With more assignment sales being seen, this weeks Ryan's Ramble comes at a perfect time!

Ryan gives an overview on what an assignment/wholesale deal is along with a very important step that needs to be done when taking on this lucrative real estate business venture.

This is to make sure that in the original Agreement of Purchase and Sale (APS) with the homeowner, it is stated that you have permission to assign the deal. If this is not done, an amendment will need to be completed afterwards.
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Information on how the GST/HST applies to the assignment of a purchase and sale agreement.
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https://www.canada.ca/en/revenue-agency/services/forms-publications/publications/gi-120/assignment-a-purchase-sale-agreement-a-new-house-condominium-unit.html