Do you own real estate property in Calgary, Langley, Surrey or Abbotsford for investment or rental? Aside from benefits, there are also some risks of owning such property as an individual, through a trust, or a corporation.
There are two situations: you already own the property, and you need to know how to handle its accounting and what are going to be the tax ramifications; you are planning to purchase real estate property for the purpose of investment or rent and you need some guidance about taxes, compliances, and finances.All the income that comes from your property, whether it is real estate value appreciation or rental income, is taxed. But there are also many expenses that can be deducted from this income and some taxes are not known to the property owners. This is where we can help you. There are also certain provisions that can earn you exemptions.
There are different benefits of owning a real estate property for investment or rentals as an individual, as a trust or as a corporation. You need to weigh pros and cons with an expert. We can help you plan tax strategies that best suit your unique situation. The money that you save with our help can be used for personal expenses or for the further expansion of your real estate. How do you save the maximum? Should you own the property as an individual, as a trust fund, or as a corporation? We can evaluate your unique situation and advise accordingly.