Posts Tagged ‘real estate investors’

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 […]

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 […]

U.S. tax reform & real estate: Tips for Canadian investors

Posted on: February 28th, 2019 by Real Estate Accountants 2 Comments

Given the U.S. tax reform in 2018, we’ve been providing extensive advice on U.S. purchases being made by Canadian real estate investors. Indeed, they are by far the largest investors into U.S. real estate, contributing roughly USD$20 billion per year. So they must ensure they’re properly navigating the U.S. Tax Reform changes to protect these […]

Real estate audits – CRA renews its focus on the industry

Posted on: August 9th, 2018 by Real Estate Accountants

We have been warning for many years now that the Canada Revenue Agency (CRA) has been placing a renewed focus on real estate audits. These real estate audits can cover real estate investors, realtors, developers, and contractors, among others, across the country. This is resulting in a significant uptick in taxes and penalties for those […]

Minimizing the tax implications for a seller to get a property deal working

Posted on: August 3rd, 2015 by Real Estate Accountants

How can we minimize the tax implications to a seller of a property in order to make the deal work for them? To start, you can offer to pay the vendor less to save them taxes! Presumably the vendor will not be keen on this idea, so you’ll need a little creativity. Sometimes, creativity will […]

Pros and Cons: Property management corporations for real estate investors

Posted on: April 21st, 2015 by Real Estate Accountants

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

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: […]

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

Posted on: July 4th, 2014 by Real Estate Accountants

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. […]