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Is a Real Estate Commission Rebate to Buyer Taxable?
When we purchased our new home, our real estate agent gave us a commission rebate cheque as a rebate for the commission to help us financially. is this considered as part of our yearly income and we should pay tax over it? or should we deduct this value from our overall purchase price and consider the house has been purchased in less value?
is there any reference to CRA website for this question?
Thanks
‎June 24, 2020
11:38 AM