FYI The Small Business Tax Rate you refer to of 12.2% (in Ontario) only applies to Active Business Income. It generally does NOT apply to rental income, which is considered Passive Income, and is taxed at 50.2%. There are exceptions, but this applies to most investors.
Common sense if you are a Canadian just like I am a Canadian get an LLC in the United States maybe in New York or wherever and do your investing in America also opening up at a trading account for your LLC with one of the big brokerages like The barriers to entry or nil you can put $1 in the account the trading account and start trading stocks by fractional shares trade options etc rental property here is dirt cheap there's not sky high prices with lots of farthest driving the prices way higher than ever like what's going on in Canada right now us as Canadians we have to expand our horizons and look further than just Canada to do business because Canada is actually taking us for a trip south where yields are hard to come by and prices are very very high just my opinion but I've been very successful in the United States and I'm a guy born in Don Mills
Hey bro. I'm doing a flip right now in Ontario. You have a email or a number or Instagram? Id like to text you since I'm looking to expand into the US next year and need some advice
FYI The Small Business Tax Rate you refer to of 12.2% (in Ontario) only applies to Active Business Income. It generally does NOT apply to rental income, which is considered Passive Income, and is taxed at 50.2%. There are exceptions, but this applies to most investors.
Hey Tom, which Mortgage broker and accounting firm do you recommend?
Common sense if you are a Canadian just like I am a Canadian get an LLC in the United States maybe in New York or wherever and do your investing in America also opening up at a trading account for your LLC with one of the big brokerages like The barriers to entry or nil you can put $1 in the account the trading account and start trading stocks by fractional shares trade options etc rental property here is dirt cheap there's not sky high prices with lots of farthest driving the prices way higher than ever like what's going on in Canada right now us as Canadians we have to expand our horizons and look further than just Canada to do business because Canada is actually taking us for a trip south where yields are hard to come by and prices are very very high just my opinion but I've been very successful in the United States and I'm a guy born in Don Mills
Hey bro. I'm doing a flip right now in Ontario. You have a email or a number or Instagram? Id like to text you since I'm looking to expand into the US next year and need some advice
Which markets do you think I can focus on?