81 Financial and Tax Tips for the Canadian Real Estate Investor: Expert Money-Saving Advice on Accounting and Tax Planning

81 Financial and Tax Tips for the Canadian Real Estate Investor: Expert Money-Saving Advice on Accounting and Tax Planning [Hardcover]   Don R. Campbell (Author)  Introduction. Part 1: Get Help! Quality Information Is the Fastest Way to Increase Your FM IQ!- 17; get a free copy of this real estate-specific template e-mailig info@reincanada.com Part 2: When There Is More Than One Answer . . . Real Estate Investing Is Complicated. Avoid Common Pitfalls.- 37; passive icome tax rate is 46% but reduced to 20% by payig divided. Part 3: For the Record:Your New Business Mantra: Organize and Delegate. Organize and Delegate.- 58; you can ask for permission to destroy the tax documents after passing certain periods of reassessment or assessment- 59; cotact cra if your documets are accidetally destroyed Part 4: Expense Reports:Keep It Real (To Keep It Deductible).- 85; replacig the roof soo after buyig could be regarded as improvemet whereas 6 moth repair. cra iterpretatio bulleti it-128r http://cafe.naver.com/happyinstant/7909- 88; financing cost including bank charges, cmhc fees, and mortgage fees should be expensed for 5 years- 90; if directly traceable, iterest of the loa could be expesed- 92; closing costs includig legal fees, land transfer taxed, and real estate commitions should be capitalized  Part 5: The Facts About Tax: How to Put Your Knowledge of Canadian Taxes to Work.- 113; tax deduction/credit for marginal/lowest tax rate- 115; make low iterest rate loa at fixed rates determied uarterly by cra to low-icome family member- 116; create a family trust to ow property ad divide icome to family member- 118; for iterests & divideds, you should sed t5 slip & summery to cra by the ed of feb.- 128; because of recapture of cca, minimize cca application to reduce tax  Part 6: Let's Get Sophisticated:Tax Strategies for the Savvy Investor.- 141; for tax-free capital dividend, use an expert to deleminate errors- 147; Ownership % shift may save tax but may triger other taxes- 150; Vandor Take Back may save tax by defer and reduce capital gain by deviding gain upto 5 years. - 153; always collect gst/hst sice cra could ask it Appendices.Property Goldmine Score Card.REIN Property Analyzer Form.Canadian Real Estate Glossary.Real Estate Investment Network ? REIN.Web Sites for the Real Estate Investor.: www.fin.gov.bc.ca/pubs.htmlAcknowledgements.About the Authors.Index of Financial and Tax Tips. https://www.amazon.ca/Financial-Tips-Canadian-Estate-Investor/dp/0470736836/ref=sr_1_1?ie=UTF8&qid=1534866471&sr=8-1&keywords=81+Financial+and+Tax+Tips+for+the+Canadian Introduction. Part 1: Get Help! Quality Information Is the Fastest Way to Increase Your FM IQ!- 17; get a free copy of this real estate-specific template e-mailig info@reincanada.com Part 2: When There Is More Than One Answer . . . Real Estate Investing Is Complicated. Avoid Common Pitfalls.- 37; passive icome tax rate is 46% but reduced to 20% by ayig divided. Part 3: For the Record:Your New Business Mantra: Organize and Delegate. Organize and Delegate.- 59; cotact cra if your documets are accidetally destroyed Part 4: Expense Reports:Keep It Real (To Keep It Deductible).- 85; replacig the roof soo after buyig could be regarded as improvemet whereas 6 moth repair. cra iterpretatio bulleti it-128r http://cafe.naver.com/happyinstant/7909- 88; fiacig cost icludig bak charges, cmhc fees, ad mortgage fees should be expesed for 5 years- 90; if directly traceable, iterest of the loa could be expesed- 92; closig costs icludig legal fees, lad trafer taxed, ad real estate commitios should be capitalized  Part 5: The Facts About Tax: How to Put Your Knowledge of Canadian Taxes to Work.- 115; make low iterest rate loa at fixed rates determied uarterly by cra to low-icome family member- 116; create a family trust to ow property ad divide icome to family member- 118; for iterests & divideds, you should sed t5 slip & summery to cra by the ed of feb.- 128; because of recapture of cca, minimize cca application to reduce tax  Part 6: Let's Get Sophisticated:Tax Strategies for the Savvy Investor.- 141; for tax-free capital dividend, use an expert to deleminate errors- 153; always collect gst/hst sice cra could ask it Appendices.Property Goldmine Score Card.REIN Property Analyzer Form.Canadian Real Estate Glossary.Real Estate Investment Network ? REIN.Web Sites for the Real Estate Investor.: www.fin.gov.bc.ca/pubs.htmlAcknowledgements.About the Authors.Index of Financial and Tax Tips.<div> </div>