Archive for the ‘real estate’ Category

Analyzing your Financial Statements

Posted on: March 15th, 2015 by Real Estate Accountants No Comments
Analyzing your Financial Statements - REIN Real Estate Report

Analyzing the numbers is a key skill if you’re a business owner, and real estate investors are no different. Learning how to read the numbers on your financial statements, and apply those to business decisions, is the focus of our article in the Real Estate Investment Network’s February REIN Real Estate Report. Read the full article here: […]

Capital Gains during the year? Consider selling losing stocks to offset the gains

Posted on: December 14th, 2014 by Real Estate Accountants No Comments
Offsetting capital gains, superficial losses

Have you experienced a large capital gain in 2014? Sold some property, or some good, non-registered investments? If you can sell some poor-performing stocks before the end of 2014, it is possible to offset the gains with the losses. And, even better, the losses can then be carried back for three years against capital gains, […]

Making corporate loans for foreign investments? Understanding “deemed interest” charges is key

Posted on: August 13th, 2014 by Real Estate Accountants No Comments
Canadians

This article will be the first in a series related to the Canadian tax implications of Canadians investing in foreign countries, with a particular emphasis on the United States. As the series develops we expect that updates will be made to the previously published articles. Are you making corporate loans for foreign investments? Then, understanding […]

The Smith Manoeuvre: Making “bad” interest “good”

Posted on: July 4th, 2014 by Real Estate Accountants No Comments
Good interest

One of the largest expenses we have tends to be the mortgage on our home. Following traditional rules, we are limited to deducting at best a small percentage of the interest where we use a home office for business purposes. However, using non-traditional planning, we are able to deduct potentially 100% of the interest costs. […]

From the archives: Selling one property to re-invest in another

Posted on: April 17th, 2014 by Real Estate Accountants No Comments

During tax season, we wanted to publish some blogs from other sites, and from our archives that our clients may find useful. We’re heads down on taxes, but wanted to keep the information flowing for you! This is a question we hear every once in awhile – “Do I sell one property to pay off […]

From the Archives: Do Real Estate Investors Need a Family Trust?

Posted on: April 10th, 2014 by Real Estate Accountants No Comments

During tax season, we wanted to publish some blogs from other sites, and from our archives that our clients may find useful. We’re heads down on taxes, but wanted to keep the information flowing for you! We often get questions regarding family trusts and their usefulness for our clients, and wanted to pass along an […]

From the Archives: Tax Time & Joint Ventures: Landmines to Avoid

Posted on: March 28th, 2014 by Real Estate Accountants No Comments

During tax season, we wanted to publish some blogs from other sites, and from our archives that our clients may find useful. We’re heads down on taxes, but wanted to keep the information flowing for you! George Dube was featured on The Real Estate Insider blog for REIN at tax time last year and we […]

Q&A: How do we report joint venture activities?

Posted on: March 20th, 2014 by Real Estate Accountants 2 Comments

Q: I have a property that is owned with a JV partner. She put in the 20% down payment and qualified for the mortgage, and I run the investment. We then split everything 50/50 moving forwards. My partner holds her side of the partnership in a corporation, and I have my own corporation holding my interests. […]

Cross-border shopping: 7 tax tips for US investors

Posted on: March 12th, 2014 by Real Estate Accountants No Comments

Peter Cuttini was recently featured in a blog post on REIN’s The Real Estate Insider Blog. In case you didn’t see it, you can check out the article here: http://blog.myreinspace.com/2014/03/cross-border-shopping-7-tax-tips-for-us-investors/ If you do have questions about taxes for US investing, you can contact Peter at pcuttini@bdo.ca.

Annual CRA letter campaign – fishing for business and rental losses or employment expenses

Posted on: March 5th, 2014 by Real Estate Accountants 1 Comment
Canadian Maple Leaf

For the fifth year in a row, the CRA is conducting what it calls a “letter campaign”. We often refer to it with our clients as a “fishing” expedition. At the beginning of the year, the CRA sends about about 33,000 letters to randomly selected taxpayers who claim business or rental losses or are employees […]