Top Real Estate Tax Tips and Strategies for Beginners

In this video, we're going to go over some of the top real estate tax tips and strategies for beginners. Whether you're just starting out in Real Estate or you're a seasoned pro, these tips will help you save money on your taxes every year!

Real estate is a great way to make money, but it can be a lot of work to keep your taxes down. In this video, we're going to share with you some of the top real estate tax tips and strategies for beginners. From setting up your own corporation to negotiating lower rates, these tips will help you save money on your taxes every year!
Top Real Estate Tax Tips and Strategies for Beginners
▶ Mastering Real Estate Taxes: Strategies for Profitable Ventures with Rosalie-Anne Tichoux Mandich

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Dive into the world of real estate taxes and expenses with Axel Monsaingeon and Rosalie-Anne Tichoux Mandich in this episode of The Very Real Estate Effect podcast. Rosalie provides invaluable insights into the intricate landscape of taxes in real estate investing.

Throughout the episode, Axel and Rosalie-Anne cover operational versus capitalized expenses and how they impact your tax strategy. They explore various tax considerations, from GST and QST to tax planning for profitability.

Subscribe now to stay informed about future episodes and join the "The Very Real Estate Effect" community.

What you will learn if you listen to the episode:
The crucial distinction between operational and capitalized expenses in real estate investment.
How different expenses affect your tax strategy and overall profitability.
Practical insights into tax planning for real estate ventures.
Understanding the nuances of GST and QST in real estate transactions.
The significance of proper record-keeping for tax purposes.
Real-life examples of common tax pitfalls in the real estate industry.
The potential risks and consequences of improper tax reporting.
Why consulting a tax specialist is essential for effective real estate tax planning.
Strategies to maximize tax returns while complying with regulations.
How proactive tax management can significantly impact the success of your real estate projects.
#RealEstateTaxTips #TaxStrategyForAgents #MaximizeDeductions #RealEstateTaxPlanning #AgentTaxDeductions #TaxSavingsStrategies #FinancialSuccessTips #TaxSeasonPrep #PropertyTaxInsights #SmartTaxPlanning #taxplanning #taxtips #taxexperts #maximizereturns

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

Timestamps
🎙️ Introduction and welcome with guest Rosalie-Anne Tichoux Mandich. (00:00:00)
💼 Lack of Tax Act's capital expenses definition, need for analysis. (00:05:21)
🏠 Distinguishing operational and capital expenses, renovation examples. (00:09:17)
🛠️ Differentiating repairs from upgrades and tax implications. (00:10:17)
📉 Diligent expense tracking and categorizing for taxes stressed. (00:14:52)
⚖️ Balancing aggressiveness in expense categorization and audits. (00:15:22)
🤔 Decision-making: operational vs. capitalized expenses, long-term. (00:20:15)
🧾 Applying tax rules accurately, focus on categorization. (00:20:51)
🔢 Operational deductions, tax rates vs. capital gains. (00:21:17)
⚠️ Seriousness of tax planning, consequences of improper strategies. (00:24:46)
💰 Incorporating tax variables into real estate calculators. (00:29:13)
🔍 Personalized tax planning with a tax specialist emphasized. (00:29:59)
📆 Regularity of tax considerations, GST returns, deductions. (00:30:12)
💡 Utilizing tax rules wisely for financing, cash flow. (00:31:16)

Connect with Rosalie-Anne Tichoux Mandich:
LinkedIn - https://www.linkedin.com/in/rosalie-anne-tichoux-mandich
Email in episode!

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Listen to the few nuggets of wisdom, especially when it comes to doing this properly by other professionals.

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OTHER VIDEOS FOR YOU
▶ Real Estate Growth Hacks --- https://youtu.be/fiiqQpd3bg0

▶ Understanding Capital Gains and Taxation in Real Estate Investing --- https://youtu.be/n7mVtHO5LZI

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Тэги:

#axel_monsaingeon #real_estate_investing #very_real_estate_effect_podcast #real_estate_agent_tax_deductions_&_tax_strategy #tax_deductions #real_estate_agent_taxes #real_estate #real_estate_agent_tax_deductions #real_estate_agent_tax_strategies #tax_strategies #real_estate_tax_strategies #tax_deductions_for_real_estate_agents #real_estate_taxes #tax_tips_for_real_estate_agents #maximize_returns #tax_expert #mastering_real_estate_taxes #real_estate_market #real_estate_tax_tips

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