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Thread: Canadian investments-Should we incorporate?

  1. #1
    Join Date
    Aug 2006
    Posts
    1

    Default Canadian investments-Should we incorporate?

    We have a principal residence and one rental property. We are considering purchasing another property which will be a rental. Should we put all income producing properties into an icorporated company in order to minimize the capital gains when we sell them? or should we not declare income or deduct any expenses and deal with teh Cap gains when we have to?

  2. #2
    Join Date
    Aug 2006
    Location
    Scotland, UK
    Posts
    320

    Default Re: Canadian investments-Should we incorporate?

    Quote Originally Posted by damarslo
    or should we not declare income or deduct any expenses and deal with teh Cap gains when we have to?
    In the UK you would go to jail for that!

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