Understanding GST/HST Housing Rebates

Posted on: July 1st, 2015 by Real Estate Accountants 2 Comments

GST/HST tax is an area where real property owners and sellers have many questions. “With increased property values, HST is becoming a bigger issue on the sale of real property, including farmland.  See the referenced article for some of the issues to consider when buying or selling real property,” says Scott Merry, CPA, and Senior Manager […]

Behind on filing your taxes? Time to make a plan

Posted on: June 3rd, 2015 by Real Estate Accountants No Comments

Over the years, we have fielded many questions and concerns from real estate investors, business owners, and other clients who, sometimes sheepishly, sometimes fearfully, have approached us to say that they are behind on their tax filings. I always start this conversation with “You are not the only one”. Approximately once a month we have […]

Non-residents and non-resident joint ventures: Filings and deadlines for owning and selling Canadian real estate

Posted on: May 28th, 2015 by Real Estate Accountants No Comments

Given the time of year, June 30th being a major tax filing deadline for non-residents, we wanted to highlight an article from the archives that covers the ins and outs of owning and selling Canadian real estate as a non-resident, or as a real estate investor who has non-resident joint ventures. Many of our clients are […]

CRA Liason Officer Program – An audit in sheep’s clothing?

Posted on: May 19th, 2015 by Real Estate Accountants 1 Comment

In 2014 the Minister of National Revenue announced The Liaison Officer Initiative. The CRA will provide in-person information to small and medium enterprises at key points in their business cycle to help them get “right from the start”. Sound innocuous enough right? In fact, it sounds wonderfully helpful. Maybe not. Now that the initiative is rolling […]

Pros and Cons: Property management corporations for real estate investors

Posted on: April 21st, 2015 by Real Estate Accountants No Comments

We often get requests to set up a property management company for our real estate investor clients, even when they only manage properties that they own. Before leaping head first into creating the company, we examine the reasons for the company, and review the pros and cons of setting up the management company. We were […]

Video: Beating the tax time rush

Posted on: March 31st, 2015 by Real Estate Accountants No Comments

Check out the perspective of George Dube on personal taxes as seen on the Kitchener CTV News, and the value that an accountant can add not just for today but for the future. CTV News: Beating the Tax Time Rush

Resolution to purge the paper?

Posted on: March 22nd, 2015 by Real Estate Accountants No Comments

One of our frequently asked questions is “when can I get rid of all this paper?” Great questions, and one where you need to know the rules before getting into trouble with CRA. We were pleased to be featured in the Real Estate Investment Network’s January REIN Real Estate Report, where we answered this very […]

Analyzing your Financial Statements

Posted on: March 15th, 2015 by Real Estate Accountants No Comments

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: […]

Internet income – time to start reporting

Posted on: February 15th, 2015 by Real Estate Accountants No Comments
Business activities via the internet

Corporations and self-employed individuals are now required to disclose any internet business to the CRA. This disclosure requirement was first introduced for the 2013 tax year however, the CRA revised the filing deadlines after the initial release of the form. For corporations, you are now required to include Schedule 88 with your corporate tax return […]

Announcement: Dube & Cuttini LLP merges with BDO Canada LLP

Posted on: December 15th, 2014 by Real Estate Accountants No Comments

We’re about to get a whole lot bigger! We’re pleased to announce that on January 1, 2015, Dube & Cuttini LLP will merge with BDO Canada LLP, one of the leading accounting and advisory firms in the country. In BDO, we have found a like-minded entrepreneurial partner that is looking for specialized expertise to grow […]