Archive for the ‘news’ Category

Episode 1: Should I Incorporate My Real Estate Business?

Posted on: October 1st, 2020 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 1 of our Talking Real Estate with Peter and George video series, George Dube and Peter Cuttini discuss you should incorporate your real estate business. It’s the number one question they get from real estate investors. Watch now to learn the answer. Cara: Hello. Thanks for joining George and Peter, today on August […]

Should I incorporate my realtor business (PREC)?

Posted on: September 16th, 2020 by Real Estate Accountants

With the Ontario government about to allow a Personal Real Estate Corporation (PREC) for realtors, now is the time to ask: “Should I incorporate my realtor business?” With tax deferrals of up to 41.33% of your profits plus potential tax savings on reinvested profits and through income splitting, realtors are taking a serious look at […]

Financing for Real Estate Investors: Navigating COVID-19

Posted on: May 27th, 2020 by Real Estate Accountants

Last Updated: May 27, 2020 Obtaining financing during the COVID-19 period has become increasingly complex and uncertain for real estate investors. Through discussions with investors and financing professionals, we’ve seen specific trends in the marketplace that real estate investors need to navigate. Phase 1: Prepare and respond Initially financial institutions addressed urgent needs with mortgage […]

20 Planning Ideas for the Real Estate and Construction Industry During COVID-19

Posted on: May 26th, 2020 by Real Estate Accountants

For real estate and construction businesses, whether concerned with cash flow now, or planning for recovery and future opportunities, tax planning ideas are well worth your time.  In April, we held a series of real estate and construction webinars focused on preparing and responding to COVID-19: Real Estate & Construction Industry: Cash Flow and Tax […]

COVID-19: Cash Flow and Incentives for the Real Estate and Construction Industry

Posted on: April 27th, 2020 by Real Estate Accountants

Updated May 22, 2020 – The cash flow management and government incentives available for the real estate and construction industry for the COVID-19 crisis can provide relief. Right now, business owners are concerned about safety, cash flow and economic survival. The rules governing these programs, though, are changing regularly. Below, we have provided a summary […]

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, […]

Choosing a real estate accountant

Posted on: August 9th, 2019 by Real Estate Accountants 6 Comments

When it comes to real estate accounting services, you want the right professionals working with your business to deliver real estate tax knowledge that supports your best interests. While assessing the best fit for a new real estate accountant, it’s important to choose an industry specialist over a generalist. Why? Because those who live and […]

Short-term rentals: Top GST/HST questions answered

Posted on: July 9th, 2019 by Real Estate Accountants 7 Comments

Short-term rentals have seen a noticeable increase in popularity the last few years. Whether people decide to rent out their homes while on vacation, buy a block of properties to use for AirBnB, or share their cottage on the weekends, the demand for short-term and weekend getaways is ever-present. Plus, there’s often more money to […]

Ontario Housing Supply Action Plan: Positive changes for real estate developers and rental providers

Posted on: June 12th, 2019 by Real Estate Accountants

The Ontario government Ontario Housing Supply Action Plan proposed changes to address barriers getting in the way of a new rental and ownership properties on May 2, 2019. Recommendations of industry experts like BILD and OHBA influenced this new government policy. The recommendations are centered on themes of speed, cost, mix, rent, and innovation. Overall, […]

2019 Federal Budget: Impact on real estate and construction

Posted on: March 29th, 2019 by Real Estate Accountants
Federal Government, Budget

Like many other industries, those in real estate and construction are affected by the 2019 Federal Budget update. A general synopsis of the budget can be found here. Many business owners and investors are aware of the seemingly never-ending series of budget deficits. This is particularly ironic given that government and other organizations encourage Canadians […]