About to buy 2 rental properties both with suites…should I by thru an incorporation or in my name?
Should I incorporate my real estate investment properties?
Ask Allan a Tax Question and he will respond to you with an answer to your question within 24 hours!
The benefit of incorporating a company to hold rental properties is that a corporation will provide you with liability protection. The disadvantage is that Canadian corporations pay a high rate of corporate income tax (i.e. 50%) on net rental profits. So it’s a trade-off between liability protection and higher taxation.
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