Posts Tagged ‘real estate’

Episode 13: Interview with Seasoned Realtor and Investor Mark Loeffler

Posted on: March 19th, 2021 by Real Estate Accountants
Row of apartment buildings. Listen in on the video series that talks all this real estate with Peter Cuttini and George Dube

In Episode 13 of our Talking Real Estate with Peter and George video series, George Dube and Peter Cuttini talk with Mark Loeffler, seasoned realtor and real estate investor. This 15-minute episode focuses on Mark’s background as an entrepreneur, realtor, and investor, with some valuable tips and advice. You can find Mark at The Mark […]

Personal Real Estate Corporations One Step Closer in Ontario

Posted on: March 3rd, 2020 by Real Estate Accountants 2 Comments

February 27th was a historic day for realtors in Ontario with the passing of Bill 145, Trust in Real Estate Services Act, 2020. Among many other aspects of the bill, it now allows realtors to incorporate and earn commissions and professional income through personal real estate corporations (PREC). “It’s a game changer,” says Peter Cuttini, […]

Accounting when flipping real estate investments

Posted on: September 8th, 2015 by Real Estate Accountants 2 Comments

The tax rules surrounding flipping properties, unlike rent-to-owns, as described in a previous article, are slightly more straightforward. But, using the proper structure is still critical. Think of this as a short primer on those rules, and how they may affect your taxes as you plan your real estate investment business with your real estate accountant and […]

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

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 […]

Accounting & tax issues for real estate investors…the video highlights

Posted on: November 10th, 2011 by Real Estate Accountants

Andrei Angelkovski, of www.beachinvesting.com, interviewed George on accounting and tax issues for real estate investors for his blog. The interview covered: 1. Should we incorporate or not? 2. What are the top 3 things people think they can expense but cannot? 3. What are 3 tips you would offer real estate investors about accounting and tax? […]

Top 10 tips for prepping your personal tax returns – pt 2

Posted on: April 12th, 2011 by Dube & Cuttini

6. Claim CCA or the principal residence exemption Generally, we like to claim the capital cost allowance (CCA)— the tax equivalent to depreciation—on our properties. This decreases our current year taxes even if we will incur “recapture” when we ultimately sell the property. After all, a dollar today is worth more than a dollar tomorrow. However, if […]

Tax reporting for sub-contractors

Posted on: February 3rd, 2011 by Dube & Cuttini

Tax reporting for sub-contractors, particularly in the construction and real estate industries, is expected to come under greater scrutiny this year by Canada Revenue Agency. The government is trying to cut down on the underground “cash” business, or employees who are claiming to be businesses to claim tax deductions they wouldn’t otherwise be eligible for. […]