structuring investments in canada?

[Account Closed]

hey canadian investors, quick question: me and a guy i know who is a canadian citizen but not currently a resident are planning to acquire some rentals in quebec, canada, to generate some cashflow. we plan to split the down payments 50:50. however, we aren't sure what would be the best way to structure these purchases. obviously, the corporation is the closest thing to an LLC in canada, but i've been reading quite a bit, and even talked to a lawyer and accountant who manage my family's finances, and they both seem to think that it would be better to start off purchasing as an individual, my friend would deposit an interest free loan into a joint account, and make the purchase from there.

this seems to go against pretty much everything i've read with regards to structuring, i know there are some advantages to purchasing as individuals, but most seem to recommend purchasing in the name of a company. do any canadians have any insight into this question, especially with regards to my unique situation (2 people, both citizens of canada, but only one a resident, splitting down payments on rentals)?

thanks

Russell