RE and taxes - Canada

[Fiorella Armoa]

Hello!

Anyone in CA? I am a tax accountant looking to discuss some strategies I am planning to move to commercial. 

I am thinking of JV thru an LP, where a Corp is a liable partner. I already have investment properties, however just now makes sense to incorporate due to private lenders and investors approaching me.

Any thoughts? 

[Brandon P.]

The Canadian legislation considers rental income passive income, and in most cases it is subject to the highest corporate tax rate.

That being said, it can take several years to have taxable net income when you purchase real estate.

There is lots of information online about this, it just takes a bit of digging to find it. The link below has more information about the corporate tax rates in Canada.

https://www.canada.ca/en/reven...