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  • 81 Financial and Tax Tips For The Canadian Real Estate Investor Expert Money Saving Advice On Accounting and Tax Planning-7

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    stumerit
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    This document provides tips related to taxes and audits, including monitoring your capital dividend account, understanding capital cost allowance, avoiding unnecessary conflict with auditors, and knowing how transferring personally owned real estate or ownership percentages can trigger taxes. It addresses taxation issues when refinancing property or transferring property to family members.

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    81 financial and tax tips for the canadian real estate investor expert money saving advice on accounting and tax planning-7

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    This document provides tips related to taxes and audits, including monitoring your capital dividend account, understanding capital cost allowance, avoiding unnecessary conflict with auditors, and knowing how transferring personally owned real estate or ownership percentages can trigger taxes. It addresses taxation issues when refinancing property or transferring property to family members.

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    © All Rights Reserved
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    9 views1 page

    81 Financial and Tax Tips For The Canadian Real Estate Investor Expert Money Saving Advice On Accounting and Tax Planning-7

    Uploaded by

    stumerit
    This document provides tips related to taxes and audits, including monitoring your capital dividend account, understanding capital cost allowance, avoiding unnecessary conflict with auditors, and knowing how transferring personally owned real estate or ownership percentages can trigger taxes. It addresses taxation issues when refinancing property or transferring property to family members.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    of 1

    TIP #56: THE CRA WILL “LOOK BEHIND THE CURTAIN” FOR

    A BACKUP PLAN!
    POINTS TO CONSIDER
    TIP #57: GET TO KNOW THE CONCEPT OF CAPITAL COST
    ALLOWANCE.
    CCA AND REAL ESTATE
    TIP #58: MAKE CAPITAL COST ALLOWANCE WORK FOR
    YOU.
    TIP #59: You will BE AUDITED.
    TIP #60: AVOID UNNECESSARY CONFLICT WITH THE
    AUDITOR.
    TIP #61: RECONSIDER SELF-REPRESENTATION.
    TIP #62: RULE BREAKERS INVITE SCRUTINY.
    THIRD-PARTY INFORMATION
    TIP #63: STATUTES OF LIMITATIONS ON AUDITS.
    GST IS DIFFERENT
    PERMANENT RECORDS

    PART 6

    TIP #64:MONITOR YOUR CAPITAL DIVIDEND ACCOUNT.


    TIP #65: THERE MAY BE TAX IMPLICATIONS TO
    REFINANCING A PROPERTY.
    TIP #66: USE RDTOH TO CUT CORPORATE TAXES.
    WHAT DO YOU NEED TO KNOW?
    TIP #67: YOU CAN TRANSFER PERSONALLY OWNED REAL
    ESTATE TO A CORPORATION THROUGH ...
    TIP #68: THERE ARE BETTER WAYS TO TRANSFER PROPERTY
    TO A FAMILY MEMBER.
    TIP #69: SPOUSAL TRANSFER OF OWNERSHIP PERCENTAGES
    CAN TRIGGER OTHER TAXES.
    TIP #70: KNOW WHAT TRIGGERS THE ATTRIBUTION RULES
    WITH REAL ESTATE.
    HERE’S WHAT YOU NEED TO KNOW

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