The very first book I read that started me on the path to become a real estate investor, was Rich Dad, Poor Dad. In that book, Robert Kiyosaki uses an analogy on how wealth is built.
Think about wealth as water and your finances are a bucket holding that water. Most people have one tap filling that bucket – their job. But they’ve got lots of holes in that bucket – bills, car payments, their mortgage, and **TAXES**. To build wealth, you’ve got to turn on as many taps as possible and close as many holes in your bucket as possible.
Improper tax planning can be one of the largest drains on your real estate investments, so join us on March 20th and lean how to pay less tax! We’ll be covering topics like:
Corporations – When should I incorporate? Should I buy in a corporation? Taxes on corporations? Active vs passive income? Business corps – using profits to invest?
Estate Planning – How do I pass my assets down to the next generation?
Taxation Best Practices – What is building depreciation and why is it important? What is eligible for interest deductibility? How do I deduct the interest of my HELOC?
It’s essential to understand these things even if you only have one property. If you’ve already accumulated a few properties, it’s even more important to correct any mistakes you’ve made. Bad planning can completely kill some investment business cases, home flipping for example, so come learn how to do things right with one of the best in the industry!
Peter is a Real Estate Investment focused accountant and well known in the investment world. He regularly presents in front of hundreds of people at REIN meetings and is making the trip from Kitchener to speak to our group. His accounting firm provides strategic accounting and taxation services to grow your business and and protect your real estate investments. His partner George Dube literally wrote the book “Tax, Accounting, and Legal Strategies for the Canadian Real Estate Investor”.
Their services include:
> Assurance Services
> Business Advisory
> Real Estate Tax Planning and Structure
> Retirement & Estate Planning
> Tax Consulting
> Business Tax Compliance
> Personal Tax
> US and International Tax Services
To ensure that we are covering topics that are relevant to YOU, email your questions or scenarios to ming@volitionprop.com and we will “incorporate” them into the presentation… 😉
You can access the Meetup slides and the Meetup video here
Volition Properties
Volition Properties is an award-winning Toronto boutique real estate investment firm that provides advisory and turnkey real estate investment services. Its mandate is to help real estate investors sustainably invest to build wealth in the Toronto real estate market by investing in low-risk, freehold, cash-flowing income properties over longer-term real estate cycles.
[Volition (vō-ˈli-shən): The power to make your own choices or decisions; free will. Living life by design, not by default.]
Contact us today for any questions about investing in real estate in Toronto! ming@volitionprop.com
