Investing in Canada Real Estate vs the United States
http://www.freedommentor.com/investing-in-canada-real-estate-vs-the-united-states/ Discover the differences, pros and cons of investing in Canada Real Estate vs the United States
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IM JUMPING ON THIS OPPORTUNITY AND IM EXCITED
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Hi Phil in the us you have a thing called a 1031 do you have any idea if we have the same in canada, where your selling a property but taking that money and buying another one right away perhaps in the same deal? thanks BTW interesting video im a canadian and i didnt know what you expressed in the video lol
Hey Phil, has the skip transfer been made illegal in Canada? Whenever I mention it people seem to look down upon it or act as it's illegal.
Hi Phil, question - I'm actually a dual Canadian/American citizen, could you see that being an advantage when it comes to real estate? i.e. selling or renting out property here (California) to help finance a cheaper house to live in up there.
Do you have a program specifically for Canadian investors?
Canada Government offers a dividend tax credit to counter the double taxation on small business income through corporations.
Hi Phil, Since I live in California and wants to buy investment property in Vancouver B.C , what will be the best entity to hld on the property on. If the corporation is the best choice it should be California corporation or should be Canadian corporation?
Thank you for the help, your insight on the topic of Real Estate is priceless.
very nice video on real estate
Hey great video. Some info for canada. No double tax for corporation, paying dividends gets grossed up and credit to balance the overall taxes. Example: 1000 corp income 12% corp tax 880 paid as dividends 880 gets grossed up (amount depends on if business gets small business deduction or not) So you then pay tax on 880 at personal level but the grossed up amount would be given as a credit. Goal overall is for personally paid and corporate paid to be about the same tax rate.
Thx. for the link, Phil. Can Americans own property in Canada? Can we be r.e investors in Canada?
Hey Phil, kinda curious...when it comes to Canada (Ontario) is it still possible to pass on the deed in a Subject To transaction in order to gain ownership of the property? & i presume the proper word for deed is Title in Canada?
Great Videos Phil ! Licensed Real estate investor/Developer creative and traditional in Grande Prairie Alberta watch all your videos and they are bang on!
do you mentor people in person as well
Corporate tax plus dividen tax in Canada is roughly equal to personal income tax. So in fact there is no double taxation. We just have high taxes up here...Look up dividen tax credit and gross-up if you'd like to know more.
Great video! Inspiring! You transferred your vision right into me.
Thanks, awesome info. Just to clarify, when you were talking about doing flips in canada with the skip transfer and you assign it to the end buyer, do you not have to disclose to the original seller how much you are turning around and selling it for?
Hi Phil , Great Video!! Do you have any program in Ontario? or its all Online? Thanks
Awesome video Phil. Wasn't aware of the liability insurance piece. As for the taxation in Canada, it would be interesting for you to do a webinar with an accountant. The 12% is the dividend tax rate, which means that if your corporation pays you a dividend, you're going to be taxed at 12%. There are many ways to reduce the amount of taxes you pay in Canada, which enjoying all the social benefits such as free health care.