30 minute video with ZERO ads midroll??? What a legend!!
@GF-zh7sv
Ай бұрын
Good to see Canadian channels doing this. Keep up the great work 👍
@rosaria9481
2 жыл бұрын
How do I transfer the real estate assets I already own in a corp. into a holding company without triggering a tax headache?
@alekseyzhi
4 ай бұрын
you can't. I will trigger capital tax gains and land transfer taxes.
@MrNaka1234
3 жыл бұрын
Love love love the explanation that Matt is giving here. super informative and easy to understand.
@myt1soo320
3 жыл бұрын
Great information on taxes! Another way to save taxes on income, register your Canadian company’s brand name with your holding company in the US... and vice versa. You can charge the operating company a licensing fee for using the holding company’s brand name.
@evandently9474
2 жыл бұрын
Been looking for this information laid out so thoughtfully - and stoked to have this resource to share with other Canadian real estate investors!
@swu7308
3 жыл бұрын
I'm listening to Matt's video while mentally structuring my real estate investment company operating in a remote town called Quispamsis,Saint John,NB,while sitting in my mother-in-law's old cottage , sipping pu er tea and wondering , in a high humidity cloudy rainy early spring day,when I can fly to Canada.
@andu2274
2 жыл бұрын
This is the best video I’ve watched so far in 2022 and on going Thank you
@tingtinghu907
3 жыл бұрын
Great content! I especially enjoy the concept of 'JIT information'
@CanadianRealEstateChannel
3 жыл бұрын
Thanks!
@milinparekh3435
3 жыл бұрын
@@CanadianRealEstateChannel when someone is new, they will have to buy properties on personal name upto 2 properties (Single family + triplex) but then how to convert existing properties from personal name into LLC as lender is not allowing to convert from personal name to LLC ? How to address it? I have 4 yrs experience as newbie
@mattandrews1733
3 жыл бұрын
Great video! We started incorporating when we started syndicating and doing commercial deals. Now we have too many corps haha. Next step is a fund
@CanadianRealEstateChannel
3 жыл бұрын
That’s awesome to hear!
@Trevor-ge6pv
Жыл бұрын
Explain the fund idea to me
@MoementumFinance
3 жыл бұрын
Great tips 🙂👍🏻Key is do your research before deciding to incorporate or not. Thanks Matt
@CanadianRealEstateChannel
3 жыл бұрын
100%!
@shadd337
3 жыл бұрын
Thank you for another awesome video! Great tips! I really enjoy the videos, always easy to follow along.
@CanadianRealEstateChannel
3 жыл бұрын
Thanks so much Tessa!
@micheljamesross8138
4 ай бұрын
Great info! YOU'RE THE MAN! Yes please 🙏 way more information on taxes and purhaps even law and eventually MLI SELECT
@CanadianRealEstateChannel
4 ай бұрын
Thanks for tuning in!
@YSMindset
Жыл бұрын
thank you for the content, very helpful
@stepfar5355
3 жыл бұрын
Tks Matt you answered questions I didn't even know to ask
@CanadianRealEstateChannel
3 жыл бұрын
Haha - glad to hear it was helpful
@jeffdevlin5434
3 жыл бұрын
Matt, great video. Thanks for always putting others first and providing such great content, especially for us Canuck investors. The Lifetime Capital Gains Exemption (LCEG) increases yearly, 2021 it’s up to approx $892K per person. For other viewers/readers, keep in mind you don’t qualify for the LCEG if the shares of the Corp are owned by a Holdco, rather, this is where a family trust structure could be advantageous as a beneficiary of the trust can sell the shares and the individual would receive the LCGE. 100% more tax videos please. Really loving the Finance Friday’s with Finley mortgages. Please bring back Kyle on mortgages too, he’s been awesome in the past!
@jacobwoodward9931
3 жыл бұрын
I appreciate your content, especially this specifically.
@rachelyang4748
2 жыл бұрын
Thank you Matt for this great video. Really appreciate this.
@CanadianRealEstateChannel
2 жыл бұрын
Glad you enjoyed it! Thanks for commenting!
@Dcoleman44
3 жыл бұрын
What if you want to be a holding corporation and invest in more than one industry?
@kidslovecows8423
3 жыл бұрын
The only ones that financially benefit from you starting a Corp too soon is your lawyer & accountant. As Matt said - do your research.
@CanadianRealEstateChannel
3 жыл бұрын
100%
@Gusisgreat77
2 жыл бұрын
Why not just start a property management company/corporation to manage your own properties?
@cappadonatello
3 жыл бұрын
Thanks for sharing Matt. Great information.
@CanadianRealEstateChannel
3 жыл бұрын
Thanks! 🚀🚀🚀
@aprilsimmons5439
2 жыл бұрын
Awesome tips! Thank you for putting this out!
@alexmozmtl
Жыл бұрын
Great video. So 8-12% of rental income will be paid to the management company as fees (white 88%-92% of rental income will still be passive). So the tax savings will be around 35% (50% passive rate - 15% active rate) on the 8-12%? Is that enough savings to go through all the trouble? Or did I miss something?
@patrickunruh3489
Жыл бұрын
Did you ever get an answer to this question?
@alexmozmtl
Жыл бұрын
@@patrickunruh3489 no
@xXstrongest227Xx
3 жыл бұрын
Listened to the video and it answered many of my questions as to the structure of the business. My question is, does the rent go directly into the management company and then gets distributed to the appropriate Corp? Or does the Corp receive the rents and then they distribute to the management company ? If the rental is in the corps name, can the rent be sent to a different name ie: management company
@Toad119
3 жыл бұрын
Thanks for this video. Very helpful.
@mk-jm5tv
10 ай бұрын
shouldn't you incorporate just so you can pay corporate tax instead of personal/marginal on your rental income? am I missing something? my corp cost me $1000 and my tax rate in Alberta is 20% (fed and provincial combined), instead of 40% personal
@tingtinghu907
3 жыл бұрын
Tax Thursdays?
@seansantoro4326
3 жыл бұрын
Hey Matt! Great video and super informative!
@inder693
3 жыл бұрын
Lots of great tips
@CanadianRealEstateChannel
3 жыл бұрын
Glad it was helpful!
@devyn1231
2 жыл бұрын
Amazing video! But i have 1 question, please correct me if i am wrong. You are saying that through your property management company under the holding umbrella you can collect rents while actively managing properties then keep 8-12% management fees and pay the rest out to your real estate corp and avoid passive capital gains taxes on the rent?
@seanosborne3134
26 күн бұрын
What about having property under personal but owning a property management corp. you the owner of the property will pay the mortgage, and utilities but you pay the corp what’s left over. This for tax saving purposes
@hrworkaholic
3 жыл бұрын
Great video matt.. more tax tips please 👍🏻
@sanj5026
2 жыл бұрын
Do you offer services during tax return time? I need a RE focused CPA, you seem to know what you're talking about!
@kashjawed
3 жыл бұрын
Great content. Can you invite a tax accountant to talk about Bare Trust and benefits
@craigfaille3190
3 жыл бұрын
Keep em coming Matt. Great video. 👍🇨🇦
@satguruwaheguru7061
9 ай бұрын
Amazing detail never knew to setup 3 tiers company : someone questions how many employees you need to make active business income ? Question profit goes to rental or holding company. As divided any more suggestion
@redouanegipsy
3 жыл бұрын
Great content , thank you Matt
@sameerjee75
2 жыл бұрын
Hi a question, if i sell my principal residence to my corporation, will i have to pay capital gain on the value i purchased and the assessed value i sell to my corporation?
@zkeztv4287
2 жыл бұрын
fantastic...very informative video.
@sandj4925
7 ай бұрын
Really good one
@CanadianRealEstateChannel
7 ай бұрын
Thanks for listening
@bashadahli1861
11 ай бұрын
so if the real estate company is paying the property management company, Can you still hire a professional 3rd party property management company?
@msheehanbjj5352
3 жыл бұрын
Beautiful, thank you 🙌
@CanadianRealEstateChannel
3 жыл бұрын
Thanks!
@husa628
5 ай бұрын
Good day , do you need to have minimum of 6 employees to make it works or it is only a rule in province of Québec ? Thanks great video
@blueberry7938
3 жыл бұрын
Great content as always
@almministrys1659
Жыл бұрын
What power do holding companies has that were not entitled to?
@Trevor-ge6pv
Жыл бұрын
Can Social enterprises hold real estate?
@edwardkasimir8016
3 жыл бұрын
I'm enjoying this video.
@AmazonandeBayGuru
3 жыл бұрын
For a commercial warehouse purchased for your own business use, is it smarter to set up a corporation to purchase the warehouse and then rent it back to your business or just purchase the warehouse in my sole proprietorship?
@postmodgent1499
2 жыл бұрын
split ownership - property in one corp. the business in another
@fountaincreationswellness4273
Жыл бұрын
very helpful Thx
@bigb9673
Жыл бұрын
Can you do this kind of structure to purchase rental property outside Canada, ex : Mexico?
@kands1787
Жыл бұрын
When setting up the 3 tier system. Do I assign 100% of the share of my real-estate company to the Corporation (ex 0000000 O N T A R I O C O R P) , Assuming my wife and I have a 50% split of the 0000000 O N T A R I O C O R P); or do we also have to have our names in the Realestate corp with say 1% each and 98% to the 0000000 O N T A R I O C O R P)?
@chibsryder
3 жыл бұрын
Future tax videos, Yes please
@propellerpropertygroup
3 жыл бұрын
Hey Matt, fantastic breakdown! Quick question - if you were to own your real estate and run your property management in the same corp, would the 'passive' portion of the income still be taxed at the higher rate? I spoke to an accountant a while back who, I believe, said that if the corp had 5 full time employees it would then be considered active income. Does that sound correct?
@propellerpropertygroup
3 жыл бұрын
Ah sorry, touched on that near the end of the video - but any insights you have here would be awesome nonetheless
@CanadianRealEstateChannel
3 жыл бұрын
Yes there are certain factors in determining in a company is an active small business - I can bring on a tax expert and we can do a whole video on it.
@frederickobodozie731
3 жыл бұрын
@@CanadianRealEstateChannel that would great matt. Please do.
@FIGHTERGAMEROG
Жыл бұрын
Hi Can you please share the Investor focus accountant and lawyer details in Calgary ???
@applefav101
2 жыл бұрын
More of these real estate tax videos!
@kandasamysaveetha7777
2 жыл бұрын
Hi Matt, clear explanation, good job! my question is, if all the saved up money used up for few personal real estate investments (as it needs at least 20% down), how to generate money for further investment? The mortgage advisor is telling not to refinance the equity generated from the investment properties, as it is still going to affect the purchase power and qualification for the mortgage for the new purchase. What is your advise?
@dollarsenseinsights
Жыл бұрын
Find a different Mortgage advisor. If you get an asset (property) generating more cash flow, your buying power won't be affected as much. In fact, if the property/asset makes close to double your liabilities (mortgage payments) after all expenses the affect on buying power will be negligible. So look for good assets and a good mortgage advisor! PS: I am not a legal advisor of any sort - just speaking from my knowledge and experience.
@masoud10
3 жыл бұрын
Hey Matt, is flip and sell corporate structure similar to rental investments? Great video by the way 👍
@CanadianRealEstateChannel
3 жыл бұрын
You’ll want to talk to your cpa - but likely a different structure
@chanpreetsingh648
2 жыл бұрын
Keep up the good work.
@blackslav1497
10 ай бұрын
No more pen in hand.
@augqwe190
2 жыл бұрын
Great video
@Val-qs8vj
2 жыл бұрын
what if you did all your scaling already and it was all in personal name and don't plan on scaling up anymore would you incorp? holding company? etc
@ramaba4974
2 жыл бұрын
how many apt do u own?
@user-xm6ux2di6h
10 ай бұрын
Well done sir
@brenthernandez3520
3 жыл бұрын
What would you say about a partnership. 1 partner on title the other securing his half with a lien?
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