Solid advice by Thomas. You need to be sure that you are getting excellent legal and accounting advice on the purchase of the business and the new lease. There are so many intricacies in both matters that are unique to each the lease and the business acquisition that if you don’t have legal...

We use a separate JVA for each property, even if the JV participants are the same. We like to treat each property separately and depending on how the JVA is drafted if you have multiple properties under one JVA, other provisions of the Agreement would have to be amended to contemplage multiple...

We have our lines either roto-rooted or pressure steam cleaned. A back flow valve is like gold. It`s real inexpensive and works well. As of yet, I have not heard of "relining" in Edmonton. It is most likely out there though. Todd

The result of being a frequent and volume “poster”, not to mention a fast typer. Todd

Great solid advice. Todd

Hi, my understanding is if the roots entered the sewage line on City property, they will take care of all the costs associated with removing the tree and repairing the sewage lines and any other costs. If the problem area is on your property, then it`s your nickel. Todd

I am interested in hearing more. Todd

That`s a good article. I think the key thing to remember is why are your purchasing the property? If it`s for a vacation property - that`s sounds attractive, but I think it`s better to invest your money in a long-term rental property in Alberta and simply pay for the vacation property like...

We will see in the Budget, which will be delivered next week, if the Capital Gains Deferral was included or not. If it`s not in this year`s Budget, then the lobbying for the 2009 Budget will start again. The concept is similar to that of the 1031 Exchange in the USA. Todd Stokowski, CA

Depending on the situation, income splitting may be a great way of decreasing your family`s overall Income Tax liability. The amount paid to any family member must be reasonable for the work that was done. To determine if the amount is reasonable, ask this question - Would I pay this amount...

You are welcome, but make sure you make a good investment decision based on your needs and goals, not based on the tax consequences. In other words, don`t let the tail wag the dog. Let us know if we can be of more assistance. Todd Stokowski, CA

Using a flat rate per km. is only acceptable by CRA if the business is operated through a corporation and only under certain circumstances if operating a Real Estate business. In all other circumstances, the percentage of use method is required and again, only if you meet the criteria set out...

Ah, from an interest deductibility perspective, he should be careful regarding the way he plans on financing and purchasing the new property. Since all the equity is in the house that will be rented, he will most likely obtain a mortgage on the second house which will be his principal...

Here are some links that are also very helpful. One of the links is for the drywall Terri mentioned. http://quietsolution.com/html/quietrock.ht...ECFQSYiQodY2pqN http://www.soundproofing101.com/soundproofing_3.htm http://www.alsnetbiz.com/homeimprovement/faq10b.html Todd

If I may add one more comment. One of the big contributors to sound travel are the heat/ventilation ducts. You can sound proof the walls and floors to the hilt, but if the ducts are travelling between the rooms, the sound will be transferred. To eliminate the problem, there are baffles that...

Good point, but smart or dumb - makes no difference, it comes down to the wording in the Purchase Contract. I have seen very experienced people caught in this respect and novices not affected. GST is overlooked in so many contracts and is usually an after thought, usually because Vendors...

I agree with George. Todd Stokowski, CA

Hello, this may work out to your benefit, depending on how the Offer to Purchase was written. As mentioned above, if the property is commercial, it is a taxable transaction as far as GST is concerned. The possible opportunity here is that you may be able to go back to the Vendor and state that...

Are you making reference to a hotel/condo operation? If so, what are your questions? If not, you may want to make your question a bit more specific. Welcome aboard. Todd

Bob, great idea and the line up looks great. In relation to the number of speakers, how many guests are attending? How about some courses on "Belly laughs until you cry", "My golf swing has to get better than this" and "What day is today?". Todd