Hi, Information on how to calculate CCA is located in guide http://www.cra-arc.gc.ca/E/pub/tg/t4036/t4036-09e.pdf at pages 17 Land and 21 Area F. Separating the purchase price into a land and building component is always difficult. If the vendor has not done this with you when you bought...

I would recommend that the questions you put to the REIN member board by asked at GST rulings (Canada RevenueAgency office) 1-800-959-8287 They usually take your telephone call immediately and should provide good information on the above transactions. For GST questions in general...

The requirements for Canada Revenue Agency (the tax guys) are described in the links below. http://www.cra-arc.gc.ca/tx/bsnss/tpcs/kprc/menu-eng.html The destruction of documents rules are described in this link. http://www.cra-arc.gc.ca/E/pub/tp/ic78-10r4/README.html Forms must be kept...

Congratulations on your recent publication. I am sure that it will be a success. Many people wish their book was on amazon.ca. Yours is!!!

There is one book that I read called "Creating Your Best Life" by Caroline Adams Miller and Dr Michael B Frisch ISBN 978-1-4027-6259-8 which I enjoyed reading before I started looking at building wealth etc. It might be a good read prior to developing a wealth building strategy...

Here is some information obtained from a version of Preparing your income tax returns. It`s not exciting reading but may provide more ammunition what you meet your accountant to prepare your 2009 T1 personal tax return. Filing requirements Strictly speaking, the law requires you to file form...

The question is an interesting one. It is possible to make a profit while still having a negative cash flow. For example, if a you give a renter 6 months credit you would have 6 months rent X 1,000 less cash expenses of 800 X 6 months. This would mean that your profit is (1000-800) X 6 =...

Congratulations on the purchase of your new home. Revenue Canada has an interpretation bulletin on principal residences that might be of interest to you. The location of the bulletin is: http://www.cra-arc.gc.ca/E/pub/tp/it120r6/it120r6-e.pdf. It`s a bit of a murky document but points 10 and...

There are some ready-made web designs that you can use for 10$US a month. Go to www.1and1.com and see if they might not have one that`s ready for you. Once you need it improved, you can get a web designer. Cost $50.00 for domain name and space for one year Web designed ready made 9.99...

I would recommend that you give Jon Stockdale of Remax a call. He is very familiar with the Airdrie area and will be in a position to provide you with a good Property Manager Jon Stockdale, Cell (403) 874-5779 Fax (403) 247-4200 [email protected] Hope this helps. Albert Ritchot...

I would like to highlight one website which lists various professionals that can tackle the problem you correctly anticipate. It is called the Society of Trust and Estate Practitionners or www.step.ca They will have a list of individuals with whom you can devise a strategy. Lawyers, Financial...

Hello Cameron, I would agree with Chris that making use of a corporation for buying rental properties is likely not the most tax efficient structure for now. Because rental income is considered "passive income" in a corporation, the level of taxes to be paid is much higher than if you pay...

QUOTE (RedlineBrett @ Nov 24 2009, 12:26 PM) I have some clients that need a move-out cleaning done. My regular cleaners are away. Can anyone put me in touch with a good cleaning service? I can confidently recommend www.sagacleaning.com. Allegra will gladly take on the challenge. If you need...

In multi family condo properties, it seems as if prices hold up initially when condo fees are low (first 2 or three years) and subsequently become soft. I notice this in Airdrie properties on MLS. My question is this: are condos generally a poorer investment than a duplex. Is the price of a...

Have them google Skinner Management and have them phone this agency. They own over 300 rentals and have historically had good rents (in the 680 to 900 range). Cheers.