capital cost allowance Archives - Real Estate Tax Tips

How To Qualify For Mortgage Financing In A Corporation

How To Qualify For Mortgage Financing In A Corporation

Many real estate investors work with our team to set up a proper corporation structure so that they can invest to achieve their long-term goals. If you have been in the real estate industry for a while, you would have...

December 10, 2021

5 Ways To Lower Capital Gains Tax on Sale of Your Rental Property

Capital cost allowance Capital Gains Tax Corporation Real Estate Investors

5 Ways To Lower Capital Gains Tax on Sale of Your Rental Property

The previous article discusses how to calculate rental property capital gains tax on sale of your rental property. In this article, I discuss five ways that you can use to lower your capital gains tax when you sell your rental...

December 2, 2021

Capital cost allowance Capital Gains Tax HST rebate

How To Calculate Rental Property Capital Gains Tax?

For those of you selling their principal residence, you likely won’t have to pay any tax on your home, provided you meet certain conditions. For those of you who want to sell a rental, be prepared for rental property capital...

November 25, 2021

How to Maximize Return on Investment Using Savings & Line of Credit

Capital cost allowance Real estate investment Small business and real estate

How to Maximize Return on Investment Using Savings & Line of Credit

A bunch of our friends and I started a small charity a few years ago. Did you know… 37% of Hamilton children go hungry over the holidays. Our goal was to provide holiday dinners to people who’re in need. We...

September 25, 2018

Four Powerful Reasons You Should Hire Professionals to Setup Corporation

Real estate corporations Should I incorporate?Small business and real estate

Four Powerful Reasons You Should Hire Professionals to Setup Corporation

Happy belated Canada Day. I always feel extremely blessed on Canada Day. I immigrated to Canada 20 years ago, have been a citizen for about 16 years now. I am blessed to live in this country, enjoy the natural beauty...

July 5, 2018

6 Tax Tips That Flippers or Renovators Should Not Miss

Capital cost allowance HST rebate Principal residence Repairs and maintenance Small business and real estate

6 Tax Tips That Flippers or Renovators Should Not Miss

With the 1 million immigrants coming to Canada in the next 3 years (historically about 40% come to Ontario), it’s almost inevitable that we’ll have housing shortages and crazy rental increases. It’s basic economic principal – supply and demand. High...

February 16, 2018

2 Strategies to Reduce Your Capital Gain Tax at Year-End

Capital cost allowance Real estate investment

2 Strategies to Reduce Your Capital Gain Tax at Year-End

Recently I finished listening to the book Leaders Eat Last written by Simon Sinek. There’s a lot of great advice, as usual, by Simon. But one of the ideas that sticks with me the most was his comment about American...

December 1, 2017

Capital cost allowance

How to Calculate Capital Cost Allowance – Part 1

I was away with the Rock Star team last week at an entrepreneur conference in Cleveland. Dan Kennedy, the host, is a successful businessman and the guru in direct response marketing. The conference was all about the business...

June 22, 2017

Do You Make These Mistakes When You File Rental Income in Your Corporation?

Capital cost allowance Real estate corporations Real estate rant

Do You Make These Mistakes When You File Rental Income in Your Corporation?

Happy belated Easter everyone! I hope all of you enjoyed your Easter as much as I did. We are so fortunate that our neighborhood hosted an annual Easter Egg Hunt every Easter Sunday. We have been participating ever since we...

April 20, 2017

How to Calculate Tax Payable on the Sale of Your Rental Properties?

Capital cost allowance Other tax issues

How to Calculate Tax Payable on the Sale of Your Rental Properties?

Update: 2021-11-25 Recently, my clients have been asking a lot of questions about Capital gains tax and rental property. I have addressed some of the most commonly asked Q & A’s in this new post along with a youtube video....

August 11, 2016

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