Archive for the ‘real estate’ Category
Analyzing your Financial Statements
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: […]
Capital Gains during the year? Consider selling losing stocks to offset the gains
Have you experienced a large capital gain in 2014? Sold some property, or some good, non-registered investments? If you can sell some poor-performing stocks before the end of 2014, it is possible to offset the gains with the losses. And, even better, the losses can then be carried back for three years against capital gains, […]
Making corporate loans for foreign investments? Understanding “deemed interest” charges is key
This article will be the first in a series related to the Canadian tax implications of Canadians investing in foreign countries, with a particular emphasis on the United States. As the series develops we expect that updates will be made to the previously published articles. Are you making corporate loans for foreign investments? Then, understanding […]
The Smith Manoeuvre: Making “bad” interest “good”
This article first appeared on georgeEdube.com. 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 […]
From the archives: Selling one property to re-invest in another
During tax season, we wanted to publish some blogs from other sites, and from our archives that our clients may find useful. We’re heads down on taxes, but wanted to keep the information flowing for you! This is a question we hear every once in awhile – “Do I sell one property to pay off […]
From the Archives: Do Real Estate Investors Need a Family Trust?
During tax season, we wanted to publish some blogs from other sites, and from our archives that our clients may find useful. We’re heads down on taxes, but wanted to keep the information flowing for you! We often get questions regarding family trusts and their usefulness for our clients, and wanted to pass along an […]
From the Archives: Tax Time & Joint Ventures: Landmines to Avoid
During tax season, we wanted to publish some blogs from other sites, and from our archives that our clients may find useful. We’re heads down on taxes, but wanted to keep the information flowing for you! George Dube was featured on The Real Estate Insider blog for REIN at tax time last year and we […]
Q&A: How do we report joint venture activities?
Q: I have a property that is owned with a JV partner. She put in the 20% down payment and qualified for the mortgage, and I run the investment. We then split everything 50/50 moving forwards. My partner holds her side of the partnership in a corporation, and I have my own corporation holding my interests. […]
Annual CRA letter campaign – fishing for business and rental losses or employment expenses
For the fifth year in a row, the CRA is conducting what it calls a “letter campaign”. We often refer to it with our clients as a “fishing” expedition. At the beginning of the year, the CRA sends about about 33,000 letters to randomly selected taxpayers who claim business or rental losses or are employees […]
Q&A: Long-term holds vs rent-to-owns: inactive vs. active income?
Q. We currently own 6 revenue properties, and over the last 6 years we have sold 5 revenue properties. We have always been buy and hold. We are considering entering into a Rent-to-Own agreement and I understand it will be taxed as active business income. It would be a one year or two year term. […]
