Guest Speaker: Daniel Toma, Chartered Accountant
• Write-offs for people with basement apartment or another suite in their home they rent out
• What percentage of their home expenses can they write-off and how is that determined?
• Write-offs for real estate investors that own 1 or more property
• What is depreciation and how does it work when you sell your property?
• Depreciation of principal residence if it includes a rental component
• Are there any differences if someone is renting their place out on AirBNB?
• How long do you need to live in your home for it to be considered a principal residence?
• How HST works for purchase of a new condo when you are planning to live there vs an investor
• How HST works if you are purchasing a home built by a builder
• Should an investor form a corporation to purchase real estate? What are the advantages or disadvantages of it?
• Do investors need separate bank accounts for each property?
• Should parents consider buying a rental property in their child’s name?