Hey everyone!

As we approach the April 30th personal tax filing deadline, I'm here to share with you the best practices that have helped our clients achieve smooth tax filings.

This video is invaluable for real estate investors aiming to optimize their tax returns and ensure compliance with the latest tax laws.

I cover everything from the correct reporting of rental income and expenses to the strategic use of Capital Cost Allowance (CCA) and tips on avoiding penalties for late filings.
Let’s make this tax season a breeze together!

Key Moments In This Episode
========================
00:00 Introduction
02:21 Strategic Tax Deductions & Expense Reporting
04:43 Understanding and Using CCA Recapture
06:59 Maximizing Home Office Deductions
09:28 Employing CCA to Reduce Taxable Income
11:39 Future Income and Tax Planning Considerations
14:05 Detailed Tracking of Automobile and Other Expenses
16:27 Critical Documentation for AuditProofing
18:35 Compliance with Filing Deadlines
20:45 Coordination in Joint Ventures for Efficient Filing

If you have any questions or thoughts after watching this video, leave a comment below, and I’ll respond as soon as possible.

Don’t forget to subscribe to my channel for more videos on Canadian real estate and taxsaving 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, email us 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.
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