That comes with some baggage...sometimes "customers" like that expect certain concessions- when things aren't going well...special privileges that you would not extend other customers etc..... and if it goes south, it adds a lot of tension to the neighborhood. 

@Lionel QuiambaoRestriction of privileges: no hot tub for you!.

You have no attorney client privilege.

The combination of Redstone Arsenal, several local hospitals, UAH and A&M Universities, and several new corporations that have moved to the area have significantly contributed to the city's economic vitality, making it a promising location for real estate investment, including medium-term rentals (MTRs).I've had the privilege of assisting clients with various real estate ventures in Huntsville, and it's an exciting time to explore the potential for MTRs.

Properly designed and used, a Dividend Paying Whole Life Contract from a Mutual Insurance Company makes an incomparably great base from which to conduct a financing BUSINESS (right alongside your Real Estate Investing Business).HOLDING your cash in a tax-advantaged environment until you USE it for banking purposes during your accumulation years, then converting profits from your Real Estate into tax free dollars at retirement provides privileged access to cash on demand with non-structured loan repayments... that may even be tax deductible.

I had the privilege to help the homeowner as well as the family that had a tree fall on their house to now have quality housing while their insurance company arranges their repairs.4.

Most will be going in 5 different directions and paying heavily for the privilege. 

Even better if you use out of state attorney as Trustee if you have some budget, lawyer will not divulge to court due to "Attorney-Client Privilege" rule.

So after reading all the responses above, is it correct for me to conclude by saying that: There is NOT a Canadian law that is equivalent to the 1031 exchange in the US, and therefore Canadian real estate investor (investing in Canada) do not have the privilege to defer taxes in the way that Americans do?

There is an annual fee for the "privilege" of having a CA LLC.If you do business in TX, your CA LLC will have to register in TX (one time fee) and file annual reports but not pay tax unless your gross income is over $1 mil.