Corporation is considered a separate legal entity. It provides quite a bit of flexibility in terms of tax savings and tax deferral. As you can probably guess, there’s no one size fits all solution. Your situation is unique.
The decision to set up a corporation to own your rental portfolio really comes down to three factors:
Your personal preference
Your tax situation
Your investment strategy.
In today’s video, we will tackle the first factor - your personal preference.
If you’re interested in learning more about real estate investing, or any other investing to build long-term wealth, be sure to come to our Nov 9 Wealth Hacker Conference. Get your tickets today at WealthHacker.ca.
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Until next time, stay awesome!
Cherry Chan, Your Real Estate Accountant
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