Deducting Real Estate Commissions: No Longer A Minor Deduction

With the average price of a matrimonial home in the GTA exceeding $1 million, the value of a real estate commission at 5% amounts to $50,000 plus HST. In many divorce cases, one spouse intends to purchase the home from the other spouse. In these cases, it is not uncommon for there to be a dispute as to whether a notional real estate commission should be deducted from the buyout price. Given the size of this deduction, some cases proceed through litigation to determine whether real estate...