Tag Archives: real estate investors

Top 10 Tax Savings Tips for Canadian Real Estate Investors​

Following are Top 10 Tax Savings Tips for Canadian Real Estate Investors​:

  • Don’t exaggerate your home office expenses. This is a red flag for the CRA. There are always exceptions, but a good rule of thumb is a maximum of 25 per cent as the business share of heat, hydro, property taxes and so on. ​

  • Keep a careful log of car expenses. This is another red flag for CRA. ​

  • If you run into trouble or make a mistake, call the CRA. Most times they will be very helpful, especially if you call before the crunch.   ​

  • Whatever you do, don’t ignore communications from the CRA, respond promptly and make notes of your conversation right on the letter for future reference. ​

  • Unless you are incorporated you are required to complete a Statement of Business and Professional Activities (T2125) at he same time as you file your personal taxes. ​

  • Don’t wait until the last minute. It’s impossible to get yourself properly organized under eleventh-hour time pressure and it’s difficult to make good decisions to minimize your taxes. ​

  • Make an estimate of your expected tax bill. If your revenue is going to be high, you might consider making that machinery or computer purchase before year’s end. You’ll defray some of the expense through capital cost depreciation, says Cleo Hamel, senior tax analyst with H & R Block Canada.

  • You should set aside 30 to 40 per cent of your gross income to cover income tax and CPP.   Even if you are the only employee of your business, you are responsible for paying the employee and the employer CPP contributions. ​

  • Keep proper records differentiating business from personal. If you can’t prove it, the CRA will likely assume the expense is personal. Hamel recommends that you slot your expenses into the categories provided by CRA on the T2125. “Whatever you do, don’t have a large ​

We are also Canadian private hard money lenders. We can offer you multiple solutions to resolve any situation.We can also do short term small private mortgage if required.

We can HELP!!! We also BUY HOUSES. Please call:

Contact Information

P.S. Success isn’t a matter of chance, it’s a matter of choice. So it’s up to you to make the right choice to become successful. If you don’t know what to do it starts with making the choice to register for this LIVE real estate investors training in your town now and making sure you make the right choice to SHOW UP!!! Learn more to earn more!

Are you a Canadian real estate Investor? Join Canada’s largest real estate investors club now.

 

Canadian real estate and Importance of 420 (Weed)

As a Canadian real estate investor or home owner, having “420” attached to a house is a stigma. 420 is the police code for marijuana, and Canadians intend to light up on April 20th at 4:20 PM weed and celebrate it as a tradition. As a real estate investor we do not want to own a piece of property where there is a major issue of weed, drugs or crime.

Continue reading Canadian real estate and Importance of 420 (Weed)

Tax sales in Nova Scotia

Nova Scotia Tax sale properties 2015

Tax sales in Nova Scotia: Visit the municipality below to find out about current or upcoming tax sales in the Nova Scotia region of Canada.

http://www.halifax.ca/revenue/tax/taxsale.html

http://www.westhants.ca/tax-sale-info.html

http://www.cumberlandcounty.ns.ca/tax-sale.html

http://www.chester.ca/administration/tax-sales.html

http://www.county.kings.ns.ca/business/taxsales.aspx

https://www.easthants.ca/content/tax-sale

http://www.modl.ca/component/search/?searchword=tax%20sale&searchphrase=all&Itemid=101

http://www.district.yarmouth.ns.ca/index.php/municipal/taxation-/property-tax-sale

http://www.novascotia.ca/snsmr/pdf/mun-MGA-resource-binder-3-2-tax-collection-guide.pdf

http://www.portcoquitlam.ca/City_Hall/Property_Taxes_and_Billings/Annual_Property_Tax_Sale.htm

http://www.town.windsor.ns.ca/tax-sale-stephens-yeatons-property.html

http://www.regionofqueens.com/finance/tax-sales

 

DISCLAIMER

We believe the information contained in this article to be accurate. It is presented with the understanding that we are not engaged in rendering legal, accounting, or investment advice. When professional assistance is required, utilize the services of a licensed real estate broker, lawyer, accountant, or other consultant as may be required.

Speaking Engagements

Navtaj Chandhoke can be your next key note speaker for real estate office meeting or Canadian real estate investment conventions, expos or trade shows.please contact us for topics and availability.
Please contact us directly at Pam@WorldWealthBuilders.com or 647-393-6100 to set up a session at your meeting or convention.

Reserve your seat now at
www.Flipping4Profit.ca
Image

P.S. Success isn't a matter of chance, it's a matter of choice. So it's up to you to make the right choice to become successful. If you don't know what to do it starts with making the choice to register for this LIVE real estate investors training in your town now at www.Flipping4Profit.ca and making sure you make the right choice to SHOW UP!!! Learn more to earn more about CanadianTax sale properties.

To learn the strategies, techniques and Eye Witness Real Estate Investors Field Training. How to acquire Tax Sale Properties & Sheriff Sale Properties, Click Here

Top 20 Reasons to join Real estate network clubs in Canada

Following are the 20 reasons to partake or join Real Estate Investment Clubs in Canada:

Canadian Real Estate Investment Strategies Apprenticeship (CREISA)1. Learn how to construct capital, attend Canadian Real Estate Investment Strategy Apprenticeship LIVE and learn Real Estate investing from experts who are in the trenches.

Continue reading Top 20 Reasons to join Real estate network clubs in Canada

Acquiring Tax Sale properties in Canada

Acquiring Tax Sale properties in Canada

Secrets of Super Wealthy Professional Real Estate Investors part 1 of 10:

Many provinces in Canada levy property tax on Real Estate based upon the current use and value of the land and this is the major source of revenue for most municipal governments in Canada. 
 
While property tax levels vary between municipalities in a province there is usually common property assessment or valuation criteria laid out in provincial legislation. The municipality has the right to collect property taxes owing even if they have to sell the property to recuperate the property taxes owing. These properties are never listed on MLS or Real Estate Brokers. This is another secret of super wealthy Professional Canadian Real Estate Investors and or Apprentices to acquiring Tax Sale properties in Canada.

Continue reading Acquiring Tax Sale properties in Canada