If your client is investing in real estate to generate rental income, ask her, “Do you worry about capital gains tax and the possibility of a CRA audit?” Explain the importance of keeping good records, deducting appropriate expenses and renting the property for at least a year before selling.
Conversation Starter – Condo investment
If your client is investing in real estate to generate rental income, ask her, “Do you worry about capital gains tax and the possibility of a CRA audit?”
- September 28, 2015 September 28, 2015
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