Posts Tagged ‘financing’

Secondary suite income: Principal residence exemption and CMHC rules one year later

Posted on: August 31st, 2016 by Real Estate Accountants No Comments
Building blocks

Now that about a year has passed with CMHC allowing income from secondary suites to be counted for mortgage qualification purposes, as real estate accountants we’re still covering questions regarding this. The most common ones being: Does having a portion of your home rented through a secondary suite void the use of the principal residence […]

Moving real estate to corporate ownership: 7 tips you need to know

Posted on: July 27th, 2016 by Real Estate Accountants 6 Comments
Real estate investors discuss with real estate accountants whether properties should be moved to a corporation

The number one question for real estate accountants after “should I incorporate” is “can I move my properties to my company from my personal name?” Moving your personally owned rentals is not a “moving job” that should be undertaken without a great deal of thinking ahead and planning. You must ensure your real estate accountant, lawyer, and […]