4 TAX CONSIDERATIONS TO MAKE WHEN BUYING A COTTAGE AS YOUR SECOND HOME
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@forc3s646 Жыл бұрын
Thanks for the info, I have a few inquiries and would like to educate myself about this topic. What is the best way to reach you Cherry?
@RealEstateTaxTips Жыл бұрын
Hi, my team can be reached at 416-548-4228 or admin@cccpa.ca. All the best.
@11511mido 2 жыл бұрын
Can I hold active and inactive realestate in the same corporation? I want to start building homes and selling them along with my rental holdings.thanks
@RealEstateTaxTips 2 жыл бұрын
Yes absolutely. The only downside is 1) financing 2) you may not be able to claim capital cost allowance on your long-term rental. If you need further help, make sure you reach out to our office to get a proper consultation so we can assist you further.
@watiet1967 2 жыл бұрын
If the cottage bought as join tenancy between spouse and it was rented as short term, how does HST for small supply apply to this? Will the 30k limit apply for each person?
@RealEstateTaxTips 2 жыл бұрын
It is one business... not each person unfortunately.
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