Can we claim tax deductions for sweat equity?
Real estate investors often ask if they can claim tax deductions for sweat equity. In other words, does that work you put in organizing clean
George Dube
April 23, 2023
Articles
Is my lunch tax deductible?
A common question from real estate investor clients is “Is my lunch tax deductible?” The answer can be tricky. For example, I received the following
George Dube
April 18, 2023
What is a real estate accountant?
Real estate accountant: What is the definition of one? And why should you care? Being a real estate accountant myself, I thought I would look
George Dube
February 23, 2022
Questions real estate investors should ask their accountants
As a real estate accountant, the most common questions that real estate investors ask me are “Should I incorporate?” and “What can I deduct?” But
George Dube
January 11, 2022
Putting properties in a lower-income spouse’s name to save taxes? STOP and talk to your accountant first
I make $150K per year, and my husband is in school, so has no salary. Can I put all our properties in my husband’s name
George Dube
November 12, 2014
Is my REIN membership deductible?
I am often asked, “Is my REIN membership deductible?” While the Canada Revenue Agency debates this, I’ll argue until I’m blue in the face that for
George Dube
November 10, 2011
Why buy real estate if I’m already in a high tax bracket?
Recently I was asked again (it’s actually a common question) “why should I buy real estate if I’m already in a high tax bracket?” Not
George Dube
October 23, 2011
Family Trusts (Part 3): Staying on the right side of the CRA
Once you have your family trust set up, how do you stay on the right side of Canada Revenue Agency? Usually family trusts require an
George Dube
June 5, 2011
Family trusts (Part 2): Using a trust and real estate to fund an education
In Part 1 of this series on family trusts, I discussed what a family trust is and how their potential benefits for real estate investors.
George Dube
May 30, 2011
Family trusts (Part 1): Do real estate investors need one?
Family trusts are a cost-effective tool to meet multiple tax, legal and business objectives for real estate investors, and are therefore becoming a more prevalent
George Dube
May 23, 2011
CRA court case: Get your accounting in order or pay a steep price
Qian vs. The Queen (2010 DTC 1357 (TCC)) illustrates a few key factors that apply to any business owner. And, of course, real estate investors
George Dube
May 17, 2011
Court case: Deducting repair costs
If the Canadian Income Tax Act was clear, judges would preside over very few disputes between the Canada Revenue Agency and taxpayers, and taxpayers wouldn’t need
George Dube
April 11, 2011
Vehicle expenses: Simplified logbook for deductions? Think again
Doing a logbook for all your motor vehicle expenses is hard work. You have to consistently record the trips you make related to your real
George Dube
March 15, 2011
Refundable dividend tax can save you money
Why should real estate investors care about the refundable dividend tax on hand (RDTOH)? Because Canadian real investors who hold real estate investments in corporations
George Dube
November 16, 2010
Repairs and maintenance vs. capital expenditures
Frequently, real estate investors try to differentiate between repairs they can deduct immediately and capital expenditures which are deducted over a long period of time. Typically taxpayers
George Dube
November 1, 2010
