ROYAL LEPAGE ELITE REALTY IS PROUD TO WELCOME BRANDON K. MACKINNON TO OUR TEAM!

Brandon K. MacKinnon grew up in Etobicoke, ON which is where he still resides today. He has an extensive sports background, being a three sport athlete in high school (golf, hockey, lacrosse) and was nominated for Athlete of The Year. After high school, Brandon played Junior hockey here in Ontario for the Aurora Tigers and Stouffville Spirit before getting a scholarship to play NCAA hockey in the US for Concordia University-Wis. Brandon studied Finance while playing for Concordia, graduated Cum Laude (Honours) and was named Assistant Captain in his senior year.

Since the age of 18, Brandon has been investing in real estate, has owned property both in Canada & the US and has experience managing commercial condos and negotiating leases. Brandon uses his prior sales and entrepreneurial background to ensure his clients have a knowledgeable and fierce competitor on their side of the negotiating table, whether it be getting top dollar for a property or securing a client’s dream home in a multiple offer situation.

What You Need to Know About Capital Gains Tax Changes

As you know, important changes to capital gains rates were introduced this year and you should be aware of the possible affects of these changes on your business.

Here's a summary and PowerPoint of some of the key measures and their high-level implications. We encourage you to share this information with your agents and clients:

Download the Important Changes to Capital Gains Tax PPT and share it with your team at your next in-person or virtual brokerage meeting.
Or, copy and paste the highlights below and send it to your teams in an email.

Key Federal Budget Capital Gains Measures

Increase in Capital Gains Inclusion Rate

Change: Effective June 25, 2024, the capital gains inclusion rate increased from 50% to 66.67% for trusts and corporations, impacting the taxation of capital gains. For individuals, the inclusion rate also increased to 66.67% but is applicable only on annual capital gains above $250,000. The prior 50% inclusion rate will continue to apply on annual gains below the $250,000 threshold for individuals.

One half of a capital gain (increased to 66.67%) is currently included in computing a taxpayer's income. This is referred to as the capital gains inclusion rate. The current inclusion rate also applies to capital losses.

Impact: This adjustment means a higher portion of capital gains will be subject to income tax, potentially increasing the tax burden on real estate investments, property sales, and capital gains realized inside corporations (e.g., personal real estate corporations). Gains on a Canadian residential property (or rights to a pre-construction residential property) held for less than one year may be deemed to be business income (i.e., 100% taxable) under the residential property flipping rule unless an exception is met.

Increase to Lifetime Capital Gains Exemption (LCGE) for Entrepreneurs

Change: The LCGE will increase to $1.25 million (from $1.016 million) for eligible capital gains, applicable from June 25, 2024, onward.

Impact: If you're selling shares of a qualified small business corporation (QSBC) or qualified farm and fishing property (QFFP), the impact of the increase in the lifetime capital gains exemption rises to $1.25 million.

Alternative Minimum Tax (AMT) Adjustments

Change: Continued adjustments to AMT rules to align with changes in regular income tax calculations. The Alternative Minimum Tax (AMT) is a parallel tax calculation that allows fewer tax credits, deductions, and exemptions than the ordinary personal income tax rules. Taxpayers pay either regular tax or AMT, whichever is highest.

Impact: AMT considerations become crucial in planning for capital gains realization and charitable contributions, affecting tax planning strategies.

Canadian Entrepreneurs’ Incentive

Introduction: A new initiative is reducing the capital gains tax rate to one-third on up to $2 million of qualifying shares, beginning in 2025. Specifically, this incentive would provide for a capital gains inclusion rate that is one half the prevailing inclusion rate, on up to $2 million in capital gains per individual over their lifetime.

Impact: While not applicable to professional corporations, this incentive promotes entrepreneurship by lowering the tax burden on qualifying share sales.

Strategic Planning Considerations

Consultation: Get in touch with a tax advisor to navigate these changes effectively and tailor strategies to your specific financial situation.

Long-term Planning: In light of these regulatory adjustments, assess the implications for retirement planning, estate management and future investment decisions.

As Budget 2024 reshapes tax policies affecting real estate professionals and their clients, proactive planning becomes paramount. This is just a high-level overview and TRREB strongly encourages all Members to seek expert professional advice to safeguard your financial interests amidst these evolving fiscal landscapes.

REMINDER: If the property was solely your principal residence for every year you owned it, and you owned it for at least one year, you do not have to pay tax on the gain. If at any time during the period you owned the property, it was not your principal residence, or solely your principal residence, you might not be able to benefit from the principal residence exemption on all or part of the capital gain that you have to report.

Disclaimer: This information provides a general overview from Government of Canada information and is based on proposed legislation subject to revision. As a reminder, it does not constitute accounting, legal, or tax advice, and individual circumstances may require additional considerations not covered herein. For personalized advice, consult with a qualified professional.

TOP PRODUCERS OF FEBRUARY 2022!

CONGRATULATIONS!

Royal LePage Elite Realty is pleased to announce our Top Producers for the Month of February 2022! 
 

Top Sales Volume - Linda Cordiano
Top Number of Ends - Steven Tam
Top Lister - Priya Gill 

TOP PRODUCER OF NOVEMBER 2021!

CONGRATULATIONS!

Royal LePage Elite Realty is pleased to announce our Top Producer for the Month of November 2021.

LINDA CORDIANO! 

Top Sales Volume
Top Number of Ends 
Top Lister 

TOP PRODUCERS OF OCTOBER 2021!

CONGRATULATIONS!

Royal LePage Elite Realty is pleased to announce our Top Producers for the Month of October 2021.
 

Top Sales Volume - Steven Tam
Top Number of Ends - Steven Tam
Top Lister - Linda Cordiano

Royal LePage Elite Realty Welcomes Rita Tomicca!

TOP PRODUCERS OF SEPTEMBER 2021!

CONGRATULATIONS!

Royal LePage Elite Realty is pleased to announce our Top Producers for the Month of September 2021.
 

Top Sales Volume - Linda Cordiano
Top Number of Ends - Linda Cordiano
Top Lister - Andy Yohanna 

TOP PRODUCERS OF AUGUST 2021

CONGRATULATIONS!

Royal LePage Elite Realty is pleased to announce our Top Producers for the Month of August 2021.
 

Top Sales Volume - Linda Cordiano
Top Number of Ends - Linda Cordiano
Top Lister - Andy Yohanna 

TOP PRODUCERS OF JULY 2021!

CONGRATULATIONS!

Royal LePage Elite Realty is pleased to announce our Top Producers for the Month of July 2021.
 

Top Sales Volume - Linda Cordiano
Top Number of Ends - Linda Cordiano
Top Lister - Yvonne Vuckovic 

TOP PRODUCER OF JUNE 2021!

CONGRATULATIONS!

Royal LePage Elite Realty is pleased to announce our Top Producer for the Month of June 2021.

LINDA CORDIANO! 

Top Sales Volume
Top Number of Ends 
Top Lister 

Royal LePage Elite Realty Welcomes Robert Long!

TOP PRODUCERS OF APRIL 2021!

Congratulations!

Royal LePage Elite Realty is pleased to announce our Top Producers for the Month of February 2021!

Peter Racco - Top Sales Volume
Peter Racco -  Top Number of Ends 
Kuldip Mundy - Top Lister 

TOP PRODUCERS OF MARCH 2021!

Congratulations!

Royal LePage Elite Realty is pleased to announce our Top Producers for the Month of February 2021!

Sam Giuliano - Top Sales Volume
Sam Giuliano -  Top Number of Ends 
Linda Cordiano - Top Lister 

Real Trends Newsletter

March 2021

Now Available is Real Trends Monthly Newsletter. 
This Month's newsletter provides news and commentary on the state of the U.S. Real Estate Market.

Click the link below to read the full article! 

Royal LePage Elite Welcomes Marie Smith!

TOP AGENTS OF 2020!

CONGRATULATIONS!

Royal LePage Elite Realty is pleased to announce our Top Agents of 2020! 

TOP PRODUCERS OF DECEMBER 2020!

CONGRATULATIONS!

Royal LePage Elite Realty is pleased to announce our Top Producers for the Month of October 2020.

Steven Tam - Top Sales Volume
Linda Cordiano -  Top Number of Ends 
Kuldip Mundy - Top Lister 

TOP PRODUCER OF NOVEMBER 2020!

CONGRATULATIONS!

Royal LePage Elite Realty is pleased to announce our Top Producer for the Month of September 2020.

LINDA CORDIANO! 

Top Sales Volume
Top Number of Ends 
Top Lister 

TOP PRODUCERS OF OCTOBER 2020!

CONGRATULATIONS!

Royal LePage Elite Realty is pleased to announce our Top Producers for the Month of October 2020.

Peter Racco - Top Sales Volume
Linda Cordiano -  Top Number of Ends 
Diana Baker - Top Lister 

TOP PRODUCERS OF SEPTEMBER 2020!

CONGRATULATIONS!

Royal LePage Elite Realty is pleased to announce our Top Producers for the Month of September 2020.

Steven Tam - Top Sales Volume
Yvonne Vuckovic -  Top Number of Ends 
Randy Nagata - Top Lister 

TOP PRODUCERS OF AUGUST 2020!

CONGRATULATIONS!

Royal LePage Elite Realty is pleased to announce our Top Producers for the Month of August 2020.

Karen Guido - Top Sales Volume
John Tokatlidis -  Top Number of Ends 
Randy Nagata - Top Lister 

TOP PRODUCERS OF APRIL 2020!

CONGRATULATIONS!

Royal LePage Elite Realty is pleased to announce our Top Producers for the Month of April 2020.

Erick Rodriguez - Top Sales Volume
Erick Rodriguez -  Top Number of Ends 
Karen Guido - Top Lister 

TOP PRODUCERS OF MARCH 2020!

CONGRATULATIONS!

Royal LePage Elite Realty is pleased to announce our Top Producers for the Month of March 2020.

Branka Jakovljevic- Top Sales Volume
Branka Jakovljevic -  Top Number of Ends 
Linda Cordiano - Top Lister 

Office Re-Opening (Phase 2)

COMMON SENSE ABOUT *CORONAVIRUS*

1. Start taking responsibility for yourself and your family. Wash your hands frequently,don’t rub your eyes or pick your nose etc.etc.etc.
2. Fallow only the advice of professionals in the medical profession ,including doctors,epidemiologist,researchers and health officials.
3. Stop watching the news or listening those self proclaim experts in the media circuits or television pundits.
The press needs to be held accountable for spreading fear,anxiety and panic among population. It must STOP!
The end of the world is NOT Here! No need to panic,this will pass and as in the past everything will get back to normal again.
My friend and former Real Estate college Jas Bhatti in his article hereunder discusses the symptoms of self investigation for early detection.
 

LEARNING FROM EACH OTHER SEMINAR

In today's 8th session of "LEARNING FROM EACH OTHER" we will be discussing different marketing strategies on acquiring listings, working with multiple offers, and ensuring all the relatively new procedures and proper paperwork are adhered to. We will also be discussing Fiduciary Duty vs. RECO ethics, and possible conflicts that may arise as well as how to interpret subdivision and reference plans. 

Competing 77 Offers on Rundown House!

House affordability in Toronto and the vicinity is getting much worse for the first time Home Buyer. 

Linda Cordiano with Royal LePage Elite Realty explains the challenges of first time Home Buyers in Globe and Mail interview about when a reasonable priced home goes on the market!!

 

LEARNING FROM EACH OTHER SEMINAR

Wednesday January 22, 2020

Lots of new changes are being introduced to The Real Estate Brokerage Industry! We at Royal LePage Elite Realty are at the forefront of these changes, with continuous weekly educational seminars for our agents. Our meetings are “Hands On” in small group settings, with round table presentations that encourages agent participation and input.
 

Again a special thanks to our office administrator Kirsten for her excellent presentation.
 

LEARNING FROM EACH OTHER SEMINAR

Saturday January 18, 2020

Royal LePage Elite Realty held our first Webforms Training Session last Saturday during our weekly Learning From Each Other Seminar which was a great success! The new platform offers so many great features that are useful to agents and support staff alike. 

Webforms 2020 is capable of so much more than the original system, we are now able to share clauses, templates and documents with our Salespeople for ease of use with the new Authentisign Platform, which is included with everyone's TREB membership and makes everyone's life a little bit easier! 
 

LEARNING FROM EACH OTHER SEMINAR

January 11, 2020

Thank you to those who attended this past weekends “LEARNING FROM EACH OTHER SEMINAR”. We discussed ways of utilizing VPN (Virtual Private Network) in your business. We also discussed a New APP called ALIGNABLE
and reviewed ways of utilizing it for your business.

Looking forward to seeing you again this coming Saturday for another interesting and informative presentation. 

 

Happy Birthday to Daniel Gargarella! 95 Years Young!!

Mr. Gargarella has had a very successful career, operating for more than 55 years under his own Brokerage, Daniel Gargarella R.E. and then joined our Brokerage, Royal Lepage Elite Realty, approximately 5 years ago. 

This gentleman is a true inspiration to the Real Estate Industry and Sales Representatives alike. Mr. Gargarella is also one of the longest members of the Toronto Real Estate Board to date, routinely dedicating himself to his clients and the industry itself!
 

RLP Elite Realty Partnering Up With BMO Bank!

Royal LePage Elite Realty Sales Representative, Linda Cordiano Partnering with BMO Bank Trafalgar, Oakville Branch for Realtor Day! Greeting customers and answering all Realtor related questions. Linda was accompanied by Mortgage Specialist Amber Kazi to share financing knowledge and tips. Every month Linda will be hosting a Realtor Advice Day at the Oakville Bank Of Montreal! 

Proud to see our agents growing in Success through out the GTA !  

Congrats LINDA on your amazing Success !!! 

REAL ESTATE! ROYAL LEPAGE ELITE REALTY ... OF COURSE!!! 

Training and Mentoring at Royal LePage Elite Realty !!!

Thank you to all agents participating in the 7th Royal LePage Elite Realty weekly seminars “Learning From Each Other” – Week after week more and more of our agents join in and participate in this unique seminar, designed for the betterment and success for all.
 
We explore new ideas and how to implement them, innovations current real estate trends, clients’ needs and wants, power of the brand, consumers concerns, etc. 
 
This past week we discussed:
1. RSP to apply for a  down payment for first time buyers
2. Federal government proposed incentive for first home buyers
3. Various OREA forms 2019
 
Next Week’s seminar we are pleased to announce, Mr. Allan Scott MBA, from our commercial division will be presenting for discussion: 

1. Commercial
2. Industrial 
3. Lease

This will be a very informative presentation, we welcome everyone to join us on Monday April 8, 2019 at 5-7 pm.
 
Vince T.

State of Emergency Update

Premier Ford has announced a COVID-19 State of Emergency in our Province of Ontario on January 12th, 2021.  
These are things that you need to know:
Real Estate still remains an essential service.