Want to stay up-to-date with all the latest news about Real Estate Tax Tips, receive weekly tax tips and free real estate investment resources? Then subscribe to our newsletter here: realestatetaxtips.ca/youtube
@Rental123454 ай бұрын
Hello Maam I have a question to ask . Is there a way to contact u Maam. Thank you
@RAF0769Күн бұрын
Thanks for sharing your knowledge
@clementcle1304 ай бұрын
Very helpful, thank you!
@RealEstateTaxTips4 ай бұрын
Glad it was helpful!
@marsidad10344 ай бұрын
Thank you for this video. You made a comment regarding home office deductions and principal residence use when you sell the home can you elaborate a little bit more on that? Does is it mean that when you sell the home your home you loose some of the principal residence deduction?
@debbylo99914 ай бұрын
Thank you for the video! Are occupancy payments reported as an expense or capital investment?
@samseb8402 ай бұрын
Can you use a capital claims allowance on depretiation on your condo.
@yeonsuchoi17214 ай бұрын
Thank you for the video!
@RealEstateTaxTips4 ай бұрын
Hope it was helpful!
@amandamcgee19844 ай бұрын
Please do a video on the new Capital Gains changes that were recently made. Thankyou😊
@RealEstateTaxTips4 ай бұрын
Just released a new video on the capital gain tax changes: Go check it out here kzbin.info/www/bejne/ZmfPoXWkrsqchrM
@amandamcgee19844 ай бұрын
@@RealEstateTaxTips thanks, I've watched multiple videos and resorted to my tax software to get my answers. Thankyou!
@Taimur_SK4 ай бұрын
What if someone’s rental property is in Edmonton and he spends money on hotel and flights to manage the building of deck and fence. Can he claim full hotel and flight cost against the rental income?
@BH-tr9xm4 ай бұрын
My question also!
@user-tg3gq2df5g4 ай бұрын
If that was your sole purpose to manage your real estate
@stephenn884 ай бұрын
Do you recommend to hold rental in LLC? 2nd what is new equipment addition?
@chineduogbonna69474 ай бұрын
Thanks Cherry for detailed educational video. How are losses on pre-construction assignments sales taxed? Do they qualify as business losses given they’re sold within 12 months?
@stephenn884 ай бұрын
Yes
@shinyl79474 ай бұрын
Thank you for providing the information. If I own a condo unit and rent it out for two years, reporting neither profit nor loss monthly due to high-interest rates. In the third year, I move in and stay a year, report it as my primary address. If I sell it in the fourth year and earn a profit, would I be liable to pay capital gains taxes?
@stephenn884 ай бұрын
Yes 100%
@shinyl79474 ай бұрын
@@stephenn88 Do I have to pay tax on the gain?
@stephenn884 ай бұрын
@@shinyl7947 yes do you think you are smart and found a loophole ?
@shinyl79474 ай бұрын
@@stephenn88 if I am smart, i don't need to ask the question in here, right?
@11511mido4 ай бұрын
Hi Cherry Can you shed some light in the new budget. There is new Accelerated Cost allowance for new rental properties. Thanks
@RealEstateTaxTips4 ай бұрын
Absolutely, stay tuned!
@benjamins80824 ай бұрын
Hi Madam. I was wondering if you help me out. I have a rental. How long do i have to live in it without incurring capital gains tax?
@MJ-cg8vp4 ай бұрын
Be interesting to hear your opinions on how the 66% capital gain impact the housing market.
@RealEstateTaxTips4 ай бұрын
Stay tuned!
@tianxiaodeng24484 ай бұрын
Hello Cherry, I got a mortgage statement from bank. There is a line indicate I have deferred interest. Am I allowed to put it into T776 as interest expense?
@stephenn884 ай бұрын
You cannot
@stephaniemart61334 ай бұрын
Hello Cherry, i bought a new washer when the previous washer in the rental property is broken. In this case, is this expense cash expense or capital expense? Thanks
@stephenn884 ай бұрын
Same model will be expense
@stephaniemart61334 ай бұрын
@@stephenn88 hi do you mean cash expense?
@stephenn884 ай бұрын
@@stephaniemart6133cash
@slee65934 ай бұрын
Hey Cherry, do u do crypto taxes for 2024 and later 2025. Thanks in advance!