Questions about investing in Toronto Canada

[Eric S.]

Hi,

I'm currently investing with a friend who has the property under their name. We are looking to avoid as much tax as possible as we are planning to flip. From what I gather is that incorporating allows us to pay less taxes and so we could transfer the title to the corp. But how do we get our money to use? Does it have to stay in the corp? If so do we just spend from the corp account? And how much taxes would we have to pay by selling normally vs incorporated? We are looking to continue flipping after this and we need a way to structure this.

Also, I own my own property with my wife and our house has doubled in value. I'd like to take equity out to purchase income properties but we aren't approved for it. How am I able to tap into that equity? We also only owned the house for a year so we don't have much principal paid down yet.

Any help would be great. Thanks.