Maximize your Canadian real estate investments by mastering tax-saving strategies. Navigate complex regulations for individuals and corporations to build lasting wealth.
The taxation of rental income and gains on the sale of real estate owned by individuals and corporations is discussed. Saving tax with the principal residence exemption and other provisions of the Act are covered, and there are lots of examples to help explain these essential topics.
Features
This webinar explains how to save tax on Canadian real estate owned by individuals and corporations and includes, among other topics:
• Rental income and expenses, including recent CCA changes and essential tax compliance rules
• Property flipping, the BC home flipping tax, capital gains, and the distinction between capital property and business income
• Strategies for saving tax with capital gain reserves, the principal residence exemption, the first home savings account (FHSA), and the multigenerational home renovation tax credit
• Related party transactions, gifts, and change-in-use, including key elections to defer tax
• Corporate refundable taxes on real estate and the capital dividend account
• GST/HST basics, purpose-built rental properties, and the cancellation of the vacant homes tax (UHT)
CPA, CA, M.Acc
Jason Fleming is a Chartered Professional Accountant (CPA), Chartered Accountant (CA) with a master’s degree in accounting. Jason is an associate professor, teaching stream, at York University, previously he was a tax manager at a Big-4 accounting firm in Toronto. Jason completed the CICA’s In-Depth tax course, ranked 8th in Ontario on the UFE (the CA professional exam) and taught tax week at the ICAO's Summer School. Jason is the author of CFE Tax, 9th edition, CFE Case Writing, 3rd edition and various tax articles.
Provincial regulators of CPAs in Canada do not require that independent providers of CPD be approved to offer courses. Instead, individual CPAs are responsible for assessing whether a CPD activity meets their requirements, and may take activities from any source provided those requirements are met.
Every course offered on LearnFormula is delivered by a qualified subject matter expert or learning organization, and advances learning objectives that are relevant to the responsibilities or professional competencies of Canadian CPAs. All activities on LearnFormula are quantifiable in terms of hours, and are also verifiable, in that users receive documented evidence of their attendance via a certificate of completion after finishing a course (and this certificate is stored by LearnFormula indefinitely). Nearly 100,000 Canadian CPAs successfully satisfy their CPD requirements via LearnFormula on an annual basis.
