From Canada's best-selling real esate author, Don R. Campbell, and his team. From rental properties to business offices, more and more Canadians buying real estate are unwittingly setting themselves up for problems. Real estate investments and their corresponding tax policies are complicated--without knowing the tax rules, investors will see how quickly seemingly viable investments can become financial disasters. 81 Financial and Tax Tips for the Canadian Real Estate Investor offers practical advice on successfully navigating the tax implications of property ownership, including tips on a) deductions from income; b) preparing for an audit; and c) leveraging professional help. Filled with insights and Canadian-specific tips, there's no other book like it on the market.
This book is for someone who never invested in real estate before. If you already know the Smith Maneuver tax strategy and mortgages under self-directed RRSPs, skip reading this book as these are the most complex advices given. Keep in mind that some important advices given in this book are based on undocumented assumptions which might have negative impact on you and it would work only in the CRA favour.