Pros and Cons of Creating a Business Entity (in Canada)

[Marco C.]

Hi Everyone,

After doing lots of reading and research on the different investment strategies available, I am wondering what the BP community thinks about using a business entity to hold real estate? I am specifically wondering about this for Canadian real estate investment. 

What advantages/disadvantages come with this strategy? When is it appropriate to create a business entity? Why do people choose to use it (or choose not to)?  

Let me know your thoughts and opinions. Thanks!

Marco