In this episode Axel interviews Michael Lawand, a CPS Certified Accountant to talk about something all real estate investors are concerned about, how to save on taxes.  

 

You can defer or reduce your tax burden on your investment properties, and for that you’ll need to find the strategy that suits you the best based on your current investments and income needs.

 

Michael and Axel dive deep into how to save on taxes whether investing in your own name or in a company and how to do it having built equity overtime. Additionally they tap into what depreciation is and how it works.

 

Finally they talk about whether people are taxed on an active income basis taking into account that things in real estate can change and the importance of planning ahead of time with professional advice. Stay tuned for Michael’s further advice! 

 

Please subscribe to the show, share it with a friend and send us feedback. Visit www.realestateeffect.ca and follow me on IG @monsaxel

 

 

Who is Michael?

Michael is an accountant with experience in auditing, financial statements preparation, income tax return preparation (corporate and personal), as well as other related services. He also has knowledge of numerous accounting related software packages. 

 

Michael has been working for several years at Robert M. Lawand CPA Inc.

Connect with Michael Lawand: 

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Phone number: 5143815957 ext. 104

E-mail: [email protected] 

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