Posts Tagged ‘audit’
Episode 3: Reducing the Risk of a Tax Audit
In episode 3 of our Talking Real Estate with Peter and George video series, George Dube and Peter Cuttini discuss how to reduce your risk of a tax audit. George: Peter and I are going to be talking to you today about reducing the chance of what we’re going to call a really bad tax […]
B.C. condo registry: What can property owners expect?
In an effort to address housing affordability in British Columbia, and catch unreported tax revenues in the condo market, the provincial government has introduced a real estate condo registry. The condo registry was created to regulate pre-sale property flipping and help reduce tax evasion in the B.C. real estate market. Our real estate and construction […]
2019 Federal Budget: Impact on real estate and construction
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 […]
Paying cash – Underground economy crackdown
Cash payments “under the table”? Requests from tenants or tradespeople to accept cash while running your real estate investing business? The underground economy is thriving in Canada, and the Canada Revenue Agency is focusing on what Statistics Canada estimates is 1.3% of Canadian GDP. And, who do you think that they are targeting? Likely industries, […]
