Common Methods to Buying Real Estate in the U.S. – Episode #141

With all the new hype about buying in the U.S. I thought I would offer you guys some tips on buying properties in the U.S. from an Accounting/Tax stand point.

In this video, I interview Jordan Weinberg who is a Chartered Accountant and we discuss the most common methods to buying real estate in the U.S.. There are 3 common methods:

1. Individual person buying property
2. Group of people buying property together
3. Corporation buying property

If you have any questions about these methods or any other tax related questions, please feel free to contact Jordan at 416-515-3857 or through email at Jordan.Weinberg@mnp.ca

CRA Audit Targets – Episode #138

Accountants are seeing significant audit actions by the CRA relating to real estate transactions. They are being very aggressive in their audit letters stating that gains are 100% taxable as business income and not capital gains. This is CRA’s starting position with regards to persons owning and selling multiple properties, particularly condos. The CRA is also questioning whether the residence was a principal residence.

In this video, I interview Jordan Weinberg who is a Chartered Accountant and we discuss how investors need to be more cautious now than ever before. The CRA are doing everything in their power to go after taxpayers and reassessing their real estate transactions and leaving the onus on the taxpayer to prove their innocence.

If you have any questions about how to determine whether to claim your real estate transaction as business income or capital gains, please feel free to contact Jordan at 416-515-3857 or through email at Jordan.Weinberg@mnp.ca

The Importance of Bookkeeping – Episode #137

It’s that time of year … Tax Season!! Isn’t it exciting!!

Hopefully we can provide you with a little bit of help here and explain the importance of bookkeeping.

In this video, I interview Jordan Weinberg who is a Chartered Accountant and we discuss why it is important to hire a good bookkeeper…especially for real estate investors.

Not only is it important during tax season, but you will learn that there are many reasons why having good books is important all year round.

If you have any questions about how to find a good bookkeeper or any tax related matters, please feel free to contact Jordan at 416-515-3857 or through email at Jordan.Weinberg@mnp.ca

Accounting & Tax Advice from George Dube – Episode #33


We all have experienced it….scrambling last minute to get documents in order to give to their accountant for that dreaded tax filing.

This scenario does not have to be you. When you have the right bookkeeper and accountant on your team these dreaded tasks become effortless!

George Dube has over 20 years of accounting experience and focuses on clients who are real estate investors. I sat down with George and asked him 3 questions I felt most of us real estate investors could relate to.

1. Should we incorporate or not?
2. What are the top 3 things people think they can expense but cannot?
3. What are 3 tips you would offer real estate investors about accounting and tax?

For more information about George Dube and his firm visit www.dubecuttini.com or contact him at 1-519-725-3566.