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6 February 2025 | 0 replies
With the recent tax law changes in capitol gains taxes in Canada and this property not being their primary residence.
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8 February 2025 | 8 replies
Are there any tax implications or considerations for Canadian investors investing in the U.S. through an LP?
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2 February 2025 | 10 replies
Forming an LLC for your rental property can offer liability protection, but no real tax benefit.
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11 January 2025 | 2 replies
You would have had to be there for at least that to save on the capital gains taxes (up to 250k).
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3 February 2025 | 6 replies
Start saving up and buy your first place.
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29 January 2025 | 68 replies
Most people would rather spend or save their money, so someone who is willing to invest it should be compensated appropriately.
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28 January 2025 | 4 replies
On your tax return you would report the proceeds, subtract costs and proceeds paid to seller, then the remaining profit would be your flat fee.
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29 January 2025 | 8 replies
The fact that you have a TAX-FREE income is crazy good.
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4 February 2025 | 1 reply
Do we 1st do tax on the LLC and whatever we split 50 & 50 then each claims on their taxes ?
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28 January 2025 | 4 replies
Congratulations, you get to share your partners tax burden and pay the depreciation recapture at ordinary income rates.