If you are considering investing in real estate or you already own properties in Canada, this video is for you.

One of the most important things to understand with real estate investing is how rental income is taxed. But with Canadian tax laws being notoriously complicated, it can take a lot of work to wrap your head around it.

In today’s video, we'll explore everything you need to know about rental income taxation in Canada. From the tax implications of the property sale to tax implications on claiming rental income and tax implications on claiming CCA, we'll leave no stone unturned.

Whether you're a firsttime investor or a seasoned property owner, this video will give you all the insights and knowledge into Canadian rental income taxation.

Key Moments In This Episode
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00:00 Most common forms of ownership structure in Canada
4:05 Cash basis vs accrual basis of reporting
6:27 Accrual basis of accounting
8:37 Top tax deductions for earning rental income in Canada
9:30 Tax implication of earning rental income in your personal name
11:39 What happens when you incur a net rental loss
13:17 Tax implication of earning rental income in a corporation
14:05 How profit from the sale of a rental property is taxed
15:16 CRA’s new Antiflipping rule
17:40 How loss from the sale of a rental property is taxed
18:36 How profit from capital investing is taxed
20:15 How capital loss is reported
21:35 Recapture and terminal loss on sale of rental property


If you have any questions or thoughts after watching this video, leave a comment below, and I’ll respond as soon as possible.

Don’t forget to subscribe to my channel for more videos on Canadian real estate and taxsaving strategies, so you don’t miss a thing!



Please make sure to speak to a professional that knows your personal situation before making a decision.

If you need to talk to someone on my team, email us at [email protected].



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DISCLAIMER:

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