QUOTE (dannielsen @ Jan 20 2009, 01:57 PM) Hi Mark, [/size] This is a great question. I had my own accounting business for 12 years doing corporate and business taxes. Now keep in mind that I sold the business almost 3 years ago but here is my 2 cents. If you are operating your real estate...

QUOTE (holymoly @ Jan 21 2009, 08:35 PM) Thanks very much for your response and the clarification, Dan! Interesting. I hadn't considered that at all, Thomas. Thanks for the insight. Sorry for hijacking your thread, sunkat! That's the beauty of myreinspace everyones input is very...

QUOTE (thomasbeyer2000 @ Jan 19 2009, 09:28 PM) of course you have to pay yourself .. well if possible .. Assuming the business is a company, you write yourself a cheque every month .. any figure you like. It is called "salary" or "management fee" .. it is an expense to the business but taxable...

QUOTE (klewlis @ Jan 15 2009, 12:21 PM) A friend of mine rents a basement suite in Ontario. Her lease is a home-made word document and does not specify any conditions for breaking the lease. She wants to break it but is worried about her obligations, even though no conditions are written into...

Good morning, I have a question I would like to put out there. I am currently spending the majority of my time these days doing and over seeing renovations on the new properties (single detached homes) we are adding to our portfolio. My question is, can I pay myself for doing my own...