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This video covered a lot of content and explained a lot. However, it was confusing at times. For example (14:10), it discussed that losses on the rental property stay at the corporate level, but can not be passed through to my corporate tax return. Are these two different corporations, or are they the same?
This goes back to "who" is the owner of the real estate and the type of real estate strategy you use... check out this video and you can get a better understanding of this - not a straight answer ua-cam.com/video/0MaFoIM22Fg/v-deo.html
Thank you for watching! Do you want to receive my weekly tax tips, FREE real estate investment, and tax-saving resources? Then subscribe to our newsletter here: realestatetaxtips.ca/youtube
This video covered a lot of content and explained a lot. However, it was confusing at times. For example (14:10), it discussed that losses on the rental property stay at the corporate level, but can not be passed through to my corporate tax return. Are these two different corporations, or are they the same?
Two different corps
Thank you
You're welcome
What is the income tax rate for the three different structures?
This goes back to "who" is the owner of the real estate and the type of real estate strategy you use... check out this video and you can get a better understanding of this - not a straight answer
ua-cam.com/video/0MaFoIM22Fg/v-deo.html