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What is the difference in borrowingo ry to real estate companies as an individual and investing in real estate companies as an individual i?

I had thought that RRSP withdrawal withholding tax was 15%

Thanks for the info. I have a question, I have a rental propery that I bought for $87,000. To bring it up to code I spent $40,000. If I was to sell this property for $170,000. Does the expense to bring it up to code get added to the 87,000. ???

So daytrading is allowed in RRSP? If so, what if the gain held through when you age is 65(which eligible to retired)?

Can we download this spreadsheet so we can try for different car models?

how about STOP talking

Nice information Thanks

Quick question, do I need to do a disposition of my property when I stop renting it and have it as my principal residence?

Great video , thanks Have a question, so let’s say I withdraw from RRSP the year I become non resident, FI will hold 25% tax and then I fill taxes for that year ( counting that RSP amount as my income for that year) and get some tax refund considering I am treated as a resident for the tax calculation. Is this understanding correct? You also mentioned 217 form, what is that , please share. Thanks a lot

LOVE This!!!

If I break my mortgage for my rental to switch banks due to lower rate. Can I claim the fee for breaking my current mortgage ?

Disgusting

Dumb question: but you put "cash" in your first diagram and didn't talk about it afterwards. Does the departure tax applies to the cash in our personal accounts? (that would be insane!) Why did you put "cash" in the first diagram? In the process of getting a US green card and everyone I talked to said they liquidated everything in cash before crossing and becoming Canadian non-resident...

Best video on this topic on CZcams.

Thanks a lot Cherry for this informative video. Had a question Can I gift my rental income to my college going son for his tuition fees without any tax implications?

So for corporation don’t need to make 250k capital gains to pay 68% tax ? Is that what you mean ? If a corporation makes capital gains 50K a year it means the tax will be on 68% of that profit ?

Hi Cherry , Great video and superb breakdown. Please can you clarify on your example - how did u calculate the personal income tax on the dividend column? Why 11.16% on £126,500 on dividend method and not 43.4% ? Thank you!

Hi Cherry, really enjoyed the video! For 'Additional LOC interest', shouldn't that year 1 number be $3,576 (based on $48,000 x 7.45% interest)?

I did not get the answer for the fundamental question, which most traders will be wondering too and reasons for watching the tfpa topics related to day trades like yours. Please, appreciate, the definition of the day-trade activity, not a description/in word, but with numbers. Thanks.

Since you only have to report contributions and withdrawals from a TFSA to CRA, we can assume that Big Brother is monitoring everyone's accounts now and cherry-picking the ones that do well...who knew? Now that I'm retired I have a lot more time to studying the market, but I guess I shouldn't because doing so might be deemed "running a business"...

What’s your company name? Would love to speak with you?

thanks for the great video, referring to 12:34 , would contributing to rrsp help to reduce the tax?

What if I am using money from another country to buy crypto as a way to send money to Canada??

Marxism via taxation. Good video.

Are you single? I would love to go on a date with you! 😊

First. I want to say I really appreciate your channel and its content. I am curious about a kind of specific tax scenario. If you buy a pre sale property and two years later it’s complete and you mortgage it out as a rental property and it grew in price substantially between this time. Do you pay capital gains tax on the value it went up between presale purchase agreement and actual possession when you do decide to sell? Or only value it went up from possession of home until time of sale?

Well done . 👍

Thank you for the video Cherry and Dr Wing! it was great meeting you both during the conference. Looking forward to more videos like this!

If Canada isn’t good enough for you to live in: renounce your citizenship! I can’t stand ‘citizens’ who live in another country then expect Canadians to rescue them with crap goes down in the homeland! Choose.

So a building on my primary residence burn to the ground - took a cash settlement form the insurance company I'm not rebuilding is it taxable income?

So a building burn down on my property ( primary residence) , collected a cash settlement from the insurance company , if I don't rebuild is it taxable income?

Hi Thank you so much for much needed information. Could you plz make a video on pron n cons of investing in stocks from holdings companies. There is not much awailable on CZcams. Thanks

Hi, Thank you for explaining very well. We paid 24k but we are not aware of claiming it back from CRA. Nobody told us. Now it is 2 years 43 days passed. Can I still get the HST rebate back? Will they consider our file ? Please reply

Common sense rule for all short term investments which means speculation.

The funds (i.e. fee) a "tenant buyer" puts down, is known (in the US) as "option consideration." This is non- refundable, and should therefore NEVER be considered as "a deposit," nor a "down payment..." and FULLY disclosed! (That said, IF the lessee ('optionee') DOES decide to, and CAN complete the purchase within the option agreement period... THEN the 2- 5% the speculator (investor) or home buyer (potential end- buyer = occupant) can usually 'deduct' the amount put down from the purchase price, at closing? Otherwise, the lease optioner (i.e. with the Option vs. Obligation, to purchase) only RISKS the amount invested in the option contract, and the contract can also then generally be 'resold' during the agreed timeframe (generally 1- 5 years) to another end- buyer "and/ or assigns...") if they opt NOT to complete the purchase, themselves? 😃😎😉

Great video! Thank you, Confused about the "departure tax on real estate properties that are not in Canada" mentioned in the video; would it apply if it is a property that you bought as a main residence, before declaring that you are not a Canadian tax resident?

I’m fucked

✌🏾

Is there an app you recommend to keep track of receipts?

so if you don’t have income taxed at the highest marginal tax rate in Ontario, you do not qualify for the enhanced CCA ?

very helpful, thank you so much

Hi Cherry, thanks for this episode, how does SHARE work? Do you’ll pick and buy a pool of properties in the U.S and then look for investors? Also after factoring all sorts of costs with ownership, reporting, filing and taxation, would this still be cash flow positive?

Can you make a vid on tax implications of business owners becoming permanent residents of Canada? Thanks

Rip-off average canadain contributes $300 000 by retirement and is given 5% government keeps all dues

Hi. Would u do a video on group rrsp pls. Tx

No one seems to ever acknowledge that the complete, world monetary economic system is a complete crock and nothing but a giant game. None of it makes sense, let alone the "printing" of money.

really shocking news!!! Mind blowing!! So any Canadian wanting to exit this country into the US should really ask if they need to seek US citizenship. I had thought about the EB-5 Visa application with a large investment in order to get the green card and then eventual citizenship. Now I really have to think it through

If one has acquired Canadian citizenship, and secures US citizenship later. If they claim tax residency in Canada in their retirement, so long as their primary residence is in Canada, they are able to be exempt against the US tax system because they are not residing in US. Can that be confirmed by you or Alex?

I have a corporation with one property. What is the best way to Transfer to my family. Gift

Im glad i found this channel.... i wanted to start one, because I was getting mostly american information. but it wouldn't be genuine and would take too much work since I'm not an accountant. Thanks