tax planning Archives - Real Estate Tax Tips

Top 10 Tax Tips Every Private Lending Investor in Canada Should Know

Top 10 Tax Tips Every Private Lending Investor in Canada Should Know

In the world of private lending, some intriguing stories have surfaced about investors who lent money to what looked like promising real estate projects. These lenders, often handling “private mortgages,” trusted their cash with big names without fully considering the...

July 19, 2024

Refinancing vs. Selling a Rental Property

Capital Gains Tax Real estate investment Real Estate Investors Tips Updates

Refinancing vs. Selling a Rental Property

Making the Right Choice for Your Financial Goals Introduction: Given that the federal government is increasing the capital gain inclusion rate, particularly for people who own their rental portfolio in a corporation, some real estate investors are wondering if it...

June 28, 2024

Navigating the New Capital Gains Inclusion Rate

Capital Gains Tax Real estate investment Real Estate Investors Tips Updates

Navigating the New Capital Gains Inclusion Rate

What Real Estate Investors Need to Know The Canadian government recently announced changes to the capital gains inclusion rate, a significant shift that was first introduced in the 2024 budget. Now that the motions have been tabled to pass this...

June 13, 2024

How to Maneuver Through the Tax Hike in the Federal Budget

Capital Gains Tax Real estate investment Real Estate Investors Tips Updates

How to Maneuver Through the Tax Hike in the Federal Budget

In the wake of the recent federal budget 2024 announcement, uncertainty looms large for many of us. As we await the release of the legislation, it’s challenging to provide concrete advice to our clients. It’s reminiscent of the bare trust...

April 26, 2024

Capital Gains Tax Real estate investment Real Estate Investors Tips Updates

The Unfair 2024 Federal Budget

We’ve all heard about the news by now, but below are the summary of how the 2024 Federal Budget affects real estate investors in Canada. Proposed Changes to Capital Gains Inclusion Rates The proposed adjustments to capital gains inclusion rates...

April 18, 2024

LP/GP Unraveled: Tax Efficiency and T5013 Clarifications for Investors

Real estate investment Real Estate Investors Tips Updates

LP/GP Unraveled: Tax Efficiency and T5013 Clarifications for Investors

Investing in Limited Partnerships (LPs) within the LP/GP structure offers unique opportunities and benefits for real estate investors. LPs provide investors with the chance to participate in lucrative ventures while minimizing active management responsibilities. However, navigating the complexities of LP...

April 5, 2024

Your T1 Tax Roadmap: 8 Key Tips for a Smooth Journey

Real estate investment Real Estate Investors Tips Updates

Your T1 Tax Roadmap: 8 Key Tips for a Smooth Journey

Navigating the complexities of tax filing and compliance in real estate investing can be a daunting task. From accurate reporting of rental income and expenses to understanding the implications of property sales and capital cost allowances, there’s a myriad of...

March 28, 2024

Big News for Bare Trusts: CRA’s New Take on T3 Filing Penalties

Real estate investment Real Estate Investors Rental Property Tips Updates

Big News for Bare Trusts: CRA’s New Take on T3 Filing Penalties

You might recall my previous post where we dissected the new reporting rule affecting real estate investors, particularly revolving around the implications of bare trust arrangements and the requirements for T3 trust income tax and information returns. If you missed...

March 21, 2024

To Sell or Not to Sell: Making Smart Decisions about Your Real Estate Investments

Real estate investment Real Estate Investors Rental Property Tips

To Sell or Not to Sell: Making Smart Decisions about Your Real Estate Investments

1. Conducting a Realistic Financial Check – are you having negative cash flow monthly: 2. Consider the Implications of Selling from a cash flow perspective and tax perspective: 3. Utilizing the Proceeds from the Sale: When it comes to utilizing...

March 14, 2024

How To Claim Home Office Expenses (2024 Update)

Life Lessons Other tax issues Small business and real estate Tips Updates

How To Claim Home Office Expenses (2024 Update)

Working from home has become increasingly common, and for many Canadians, it’s here to stay. But what about claiming home office expenses on your taxes? The rules have changed. This blog post and my latest video on YouTube breaks down...

March 8, 2024

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Tag: tax planning

Top 10 Tax Tips Every Private Lending Investor in Canada Should Know

Refinancing vs. Selling a Rental Property

Navigating the New Capital Gains Inclusion Rate

How to Maneuver Through the Tax Hike in the Federal Budget

The Unfair 2024 Federal Budget

LP/GP Unraveled: Tax Efficiency and T5013 Clarifications for Investors

Your T1 Tax Roadmap: 8 Key Tips for a Smooth Journey

Big News for Bare Trusts: CRA’s New Take on T3 Filing Penalties

To Sell or Not to Sell: Making Smart Decisions about Your Real Estate Investments

How To Claim Home Office Expenses (2024 Update)

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