Rental properties: Incorporation and Taxes?
I have rental properties and want to know if I should incorporate. How many properties should I own or employees should I have before it makes sense?
Here are some links to articles discussing taxation and whether you should incorporate as a landlord. As you will read, there are many factors to consider.
Incorporating a Rental Property: Is it Right For You?
Owning Rental Properties in Canada: Corporation vs. Personal Ownership and Tax Implications
Incorporating Your Rental Property Business: Should You Do It? Here’s the Scoop
During conversations with landlords, I often find they aren’t working with a financial planner because they don’t have much of their assets in investments. If you read through any of the links, you learned there is a lot to know and that planning, whether it’s with a C.F.P. or an accountant, can be crucial in saving you tax dollars.