Connor Ferguson
Canadian Real Estate Market Interpretation Inquiry
27 April 2021 | 20 replies
You’re buying a specific asset, on a specific block, of a specific area, in a specific city & province.
Rossana Ludena
Looking for a network in Canada Ontario
16 May 2021 | 2 replies
What city and province?
Logan Jag
INCORPORATION OF RENTAL PROPERTIES
17 March 2022 | 6 replies
However if you plan to scale and build, it can make sense to a lot earlier (I would also consider timeline to building your portfolio).Keep in mind that rental income inside of a corporation is considered passive income and is taxed at the highest possible tax rate (52% I believe) so there are strategies with multiple corps to help reduce this somewhat.Not to mention that you can expect to pay $1500-3000/year for corporate tax filings and $500 or so for legal upkeep…and worst of all is that everything in and out of the corporate accounts has to be tracked and accounted for.Transferring properties in certain provinces can also trigger land transfer taxes etc (BC).Being incorporated does have some benefits - mitigation or liability.Long story short, there is a lot to consider and definitely consult with an accountant, lawyer and a seasoned investor.
Evan L.
Tenant is two months behind and overstaying lease
23 April 2022 | 10 replies
Even the tenant friendly province where I have rentals in Canada only had the ban for a few months.
ELI MER
The current market in Quebec
5 April 2022 | 6 replies
Quebec has welcome tax, it is essentially the deed transfer tax in other province - but you will receive the bill few month later.
Alex-Andre Bassett
Commercial Multi-Family Mentorship in Canada
19 April 2022 | 5 replies
Real property laws are different in each province, so it may be best to find one specific for saskatchewan if you find a real there.
Alex Carpio
Canadian real estate
31 May 2022 | 37 replies
@Alex Carpio I suggest that you start with something local as getting funds for an out-of-province investment might be difficult.
Cameron Robinson
Tenant Problems in BC
7 June 2022 | 6 replies
The tenants left and mailed the keys back to me from out of province I believe.
Tim Dunn
RV Storage Rental Site
27 May 2021 | 0 replies
I am 15 minutes to largest Lake in Province.
Brandon Heimsoth
First vacancy for new landlord
22 June 2021 | 7 replies
Where I am, the tenants must have the carpets professionally cleaned (it is part of the provincial tenancy agreement-and this is a tenant friendly province!).