In E091, Cherry Chan discusses her real estate portfolio and digs in deep on accounting tips for Canadian Real Estate investors. Should you own in a company or in your personal name? How does one differentiate between passive and active income and it’s affect on your tax rate? How should a joint venture partnership be accounted for? Cherry and I discuss these topics and many more!
DISCLAIMER Always seek the advice of your own accountant before taking action on any of the information you hear on this episode. with a focus on his Toronto rental properties as well as his Peterborough student rentals. Randall has worked in the hospitality industry and now works as a realtor and claims that his Toronto cash flow helped him make the leap into being an entrepreneur.
Listen on Apple Podcast, Spotify, Google, Stitcher and more @ https://linktr.ee/theandrewhines
Connect with Cherry Chan:
Facebook: https://www.facebook.com/RealEstateTaxTips
instagram: https://www.instagram.com/realestatetaxtips/
Website: https://linktr.ee/realestatetaxtips
Connect with Andrew Hines on
instagram: https://www.instagram.com/theandrewhines
facebook: https://www.facebook.com/theandrewhines
Greater Hamilton REI Meetup Group: https://bit.ly/2VSSc9i
Music Info, Artist: JPB, Song: High, NCS Release: Feb 1 2015, No Copyright Copyright Free
