Question: I recently moved into a new building and was required to cover the cost of making the new space suitable for my purposes. This included purchasing new lighting, installing new flooring, internal walls and wall coverings. Is it possible to write off these expenses from my business? Answer: According the the Income Tax Act, … Continue reading Can I write-off leasehold improvements?
Allan Madan is a tax expert and a cross border tax accountant Toronto, Ontario, Canada, amongst other things.Having had sufficient experience as a Cross Border Tax Accountant Toronto, he has compiled the “top 5 things Canadians need to know about buying US real estate.”
Hello real estate investor, my name is Allan Madan; I’m a chartered accountant and tax expert in the Toronto, Mississauga and Oakville regions of Ontario, Canada. This short write-up aims to serve as a concise tax guide for Canadians buying U.S. Real Estate.
Français If you are about to purchase a home and are self employed, then it is very important that you read this article, because I am going to tell you how to buy a home with your company’s money, tax-free. The strategy entails taking money from your corporation and giving it to you on a … Continue reading How to Buy a Home with a Corporation in Canada
What should you know about tax when it comes to investing in real estate? As an Accountant in Mississauga and avid real estate investor, I have disclosed the tax secrets to real estate investing, below. By using these tax secrets, you’ll certainly save a ton in tax.
Do you own a rental real estate property? Filing a tax return for an income property that you own in Canada can be a difficult process. Check out these 5 easy steps for preparing a tax return for your real estate investments.