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How to Prevent a CRA Audit

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RealEstateTaxTips

Are you worried about how the CRA views your real estate transactions? Ever wondered what it takes to win a tax dispute involving property flipping?

Join me in this mustwatch episode where Dean Blachford from Blachford Tax Law Firm shares his deep expertise on handling complex tax disputes with the CRA with a special focus on the intricacies of house flipping and rental property sales.

From avoiding tax court to understanding the tax implications of selling rental properties, Dean provides invaluable tips that could save you thousands.

Don’t miss Dean Blachford’s upcoming FREE webinar on Tuesday, June 18th, 2024 on "How to Avoid a Large CRA Audit." Learn how to avoid common pitfalls and protect yourself from costly CRA audits. Sign up here: https://us06web.zoom.us/webinar/regis...


Key Moments In This Episode
========================
00:00 Intro
02:16 Avoiding Tax Court
06:14 Tax on Selling Rentals
08:40 CRA's Criteria for Flips
12:41 Flipping Red Flags
14:36 Legal Flips & Taxes
18:03 CRA's ROI Focus
19:58 Large vs. Small Audits
23:44 Suspicious Construction Case
25:24 Winning with Evidence



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.
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.
While we endeavour to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability, or availability of the article or the information, products, services, or related graphics contained on the presentation for any purpose. Any reliance on such information is, therefore, strictly at your own risk.
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