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7 Questions to Decide Whether You Should Incorporate (Part 2)

Irene, a long time friend of mine, came by to visit a couple weeks ago. Together with Jason, we were in the same study group when we wrote the Uniform Final Exam (UFE) 10 years ago! We all graduated from the same Bachelor of Mathematics…

7 Questions to Decide Whether You Should Incorporate (PART 1)

Corporations provide a lot of flexibility in tax planning but the immediate cost to setup and maintain can sometimes be difficult to bear, especially for new investors who barely make any cash flow from the properties. Whether you should incorporate…
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How to Make More Money by Paying Higher Interest Rates on Your Incorporated Rental Portfolio

One of the main complaints about owning your rental portfolio in a corporation is the increased interest rate, as compared to owning them in your own name. Of course, there are a few ways to get around this problem. If you work with a…

Don't Overlook These 4 Costs When Incorporating Your Real Estate Portfolio

It was a busy weekend in our business. Other than the fact that it is tax season, we were also busy meeting real estate investors answering their questions at the 2016 Real Estate Investment Network SOS event. It has been an amazing 2016…

5 Tips to Help Yourself Keep Proper Records for Canada Revenue Agency

It’s the time of the year again. Tax season is here and we are all busy wrapping our heads around preparing the tax returns. One real estate investor's clients asked me, "would we need to see all the receipts from her?" Some of them are…
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5 Ways to Take Money Out From a Corporation

I was doing the regular accounting class for Rock Star members this past Saturday. It was a full house. I presented the updated material incorporating all the tax changes that are happening in 2016 and forward. Specifically, the small…
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6 Tax Changes Coming in 2016 that Will Affect Your Real Estate Investing

Happy New Year everyone! I hope everyone got to enjoy the holidays as much as I did. I surely had a great time hosting a large Christmas party for our family this year. Thanks to Tony, my brother-in-law, we were able to enjoy some delicious…
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How to Pay Yourself and Defer Taxes with Your Income Properties

“Can I charge myself property management fees?” Many Canadian real estate investors have asked me this, or similar questions, before. You know this type of real estate investor. They manage their properties directly. They spend the…

Corporations: Why You Should Not Overlook the Flexibility of Having a Corporation

It’s that time of the year again. It’s rainy and it’s getting cold. For accountants, it’s the less busy time of the year. Many of us use this less hectic time at various professional development courses to update ourselves. It…
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Purchasing a Vehicle With Your Real Estate Corporation

When we found out we were expecting Bruce, the first thing we did to get prepared was trade in my small sedan for an 8-seat minivan. It is a nice and highly rated van, big enough to accommodate our growing family but also affordable. For…