QUOTE (UTCVenturesLtd @ Feb 13 2008, 11:22 AM) The way i understand it, is that you create a new "entity" called the corporation which declares its` own income and pay its` own taxes so the corporation`s income now is not taxed in your hands nor added to your personal income pile. You own the...

QUOTE (UTCVenturesLtd @ Feb 12 2008, 12:37 PM) Hi Peter, Assuming that your 50 50 divorce settlement has gone okay with the exception of leaving you with a higher obligation for child support payments with the rental property income.... it might be worth your while to "roll" the property into a...

Hi all, I am in a real conundrum, I am going through a divorce and my family law lawyer has told me that I can no longer hold rental property because of my obligations to my 2 daughters. According to my attorney, the government looks at GROSS income and as a consequence the positive cash...