Posts Tagged ‘real estate accountant’

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 […]

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 […]

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 […]

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: […]

Using corporations with real estate investments: Flips, RTOs and buy and holds

Posted on: December 8th, 2014 by Real Estate Accountants No Comments

We often get these two fundamental questions from real estate investors: Is it important to have separate corporations for rent to owns (RTOs) and flips vs long-term holds for our real estate investments? What happens if the property changes from one category to another? These questions answered, plus many other questions from the audience for […]

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

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

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. […]