Show notes
On today's episode, Darren welcomes Cherry Chan to the podcast! Cherry is a CPA and probably the most recognized real estate investing accountant in Canada and Darren and Cherry chat about how real estate investors can avoid paying unnecessary taxes when doing business. Tune in to this one, you don't wanna miss it! Show notes: 00:00 - Introduction to Cherry Chan 6:20 - What taxes do you need to be aware of as a real estate investor 15:55 - Should you incorporate for tax purposes? 21:35 - New flipping rules 28:35 - PREC (Personal Real Estate Corporation) vs. small business 32:50 - How difficult is it to invest in USA 38:00 - Tax implications for Airbnbs 42:55 - Common tax questions TAKE CONTROL OF YOUR MONEY NOW: https://www.controlandcompound.com/contact-us FIND US ON: INSTAGRAM: https://www.instagram.com/controlandcompound/ TIKTOK: https://www.tiktok.com/@controlandcompound?lang=en FACEBOOK: https://www.facebook.com/controlandcompound FIND CHERRY CHAN ON: INSTAGRAM: https://www.instagram.com/realestatetaxtips/?hl=en YOUTUBE: https://www.youtube.com/@RealEstateTaxTips WEBSITE: https://realestatetaxtips.ca/
