So we would buy the aceage and since the legal descriptions still called out lot and block we would just start to deed out the lots to get them on the tax rolls and the Assessor would change the maps. 

There are less taxes in Alberta too.

In doing so, bear in mind that the cost and admin of a corporation is higher and that the tax treatment is different:1.

However, I wouldn't say it is a complete tax-free strategy. 

This will also allow you to avoid taxes on the sale.

The fact that you have a TAX-FREE income is crazy good.  

Quote from @Zara Massoud: Your new PM is correct and the old ones were wrong.The property manager must have your social security or tax ID number on file.

As far as your primary residence, if you have lived in it 2 out of the last 5 years, you should not have to pay taxes on capital gains (difference between what you paid for it & what you sold it for) up to $250,000 if you file your taxes as an individual and $500,000 if you file jointly with a spouse.Just a disclaimer, I am not a tax professional.

The contributions are lower so it takes a while to build, but once you do, it's tax-free investing. 

Joint tax return?