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3 Structures to Own Student Rentals for Your Kids

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Do you have any kids that are currently in University or College? How shocking is the cost of rent these days for them to live in while they are pursuing their education. How challenging is it for parents to support their kids' career direction when rent is so expensive and not to mention hard to find?!

Did you ever think about buying them a property and having a place for your kids to live in while they are in University or College. We will look at the three structures parents are using to finance their education and give them a place to live in. Let’s dive deep into these options and the pros and tax benefits that come with them.


Key Moments In This Episode
========================
1:19 Kids own the student rental in their name
2:05 Tax incentives and credits available $1500 eligible!!
9:20 Parents own the student rental
9:34 Benefits of having full control and responsibility
16:12 Buy it in a family trust


If you have any questions or thoughts after watching this video, leave a comment below, and
I’ll respond as soon as possible.
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saving strategies so you don’t miss a thing!

Please make sure to speak to a professional that knows your personal situation before
making a decision.
If you need to talk to someone on my team, send us an email at [email protected]

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DISCLAIMER:

Real estate Tax planning is a personalized decision and will depend on your situation,
priorities, and risk tolerance. Consult with your legal and tax advisors to ensure you get the
best personalized advice.
The information contained in this video is for general information purposes only.
The information is provided by ECRB Consulting Inc., RealEstateTaxTips.ca, Cherry Chan
Professional Corporation and Cherry Chan.
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posted by Luminasi3v