Curious about the latest Canadian tax law changes affecting real estate? Wondering how trust relationships impact your finances?
Join me, Cherry Chan, on my channel, Real Estate Tax Tips, where I have an insightful conversation with Hussein Kudrati from HSK Law Firm.
Learn about the latest law requiring trust relationship disclosure for property owners. Understand the impact on property ownership, financing, and more.
You can reach out to Hussein at [email protected] or https://hsklawfirm.ca/contact/
Key Moments In This Episode
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00:00 Introduction
02:32 Trust reporting rule changes
04:36 Ownership relationship impacts
06:43 Verbal joint venture agreements
08:59 Financial implications
11:21 Real estate market trends
13:26 Anticipatory breach and damages
15:25 Minimizing risk with larger deposits
17:18 Vet your joint venture agreements
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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