@Jeff S No my rental business has no formal incorporation.

And yes, I heard about the 'fudge' expenses...I should incorporate them in my calculations going forth.So here's the update....unfortunately guys I never heard back from seller :( .

@Luc Boiron, thank you for your advice about leaving gas under my name - I checked my primary residence and my usage at coldest months is around $120, which I can take as a basis and incorporate into the rent. 

To any Canadian Real Estate Investors, just wondering if you have any recommendations/tips, on whether or not I need to incorporate to protect my real estate portfolio.I hear a lot of the American investors say, don't own properties in your own name, and it is quite easy to setup an LLC, or S-corp series to protect assets (and get tax benefits).I don't hear a lot from a Canadian perspective however.

Any other suggestions we might incorporate to make it better?

Afterall, wouldn't there have to be a cost saving mechanism for the builder to want to incorporate a wholly owned affiliated brokerage to their business?

I'm ready to incorporate.

Do I need to get a business name incorporated along with business cards?

@Eric Fernwood awesome post Eric, I enjoyed seeing how in depth your response was and the info-graphics you used are very cool. 

However, I will say it is tough to incorporate it when its hearsay or second-hand information.