Ep.025: Tax Considerations with Real Estate

Summary

In this episode, the hosts discuss the partnership between Copilot Tax and Millen Wealth Advisors, focusing on how this collaboration will enhance client services. They delve into the complexities of real estate investments, including tax considerations when buying, renting, and selling properties. The conversation highlights the importance of financial planning, the implications of depreciation, and the legal aspects of property ownership. The hosts emphasize the need for a cohesive approach among financial advisors to provide clients with comprehensive guidance.

Topics Covered in this Episode

00:00 Introduction and Partnership Announcement

02:53 Exploring Real Estate Tax Considerations

06:02 Buying Real Estate: Key Tax Issues

09:01 Understanding Rental Properties and Tax Implications

12:10 The Importance of Financial Planning in Real Estate

14:57 Depreciation: Benefits and Risks

17:56 Legal and Liability Considerations in Real Estate

20:58 Structuring Real Estate Investments: Personal vs Corporate

24:11 Final Thoughts and Key Takeaways

Co-Pilot Tax

Website: https://copilottax.ca/

Millen Wealth AdvisorsWebsite: https://www.mwadvisors.ca/Register for our Free Financial Planning Masterclass for Business Owners: https://event.webinarjam.com/channel/Financialmaster

Follow us on Social MediaPodcast YouTube Channel: https://www.youtube.com/@MillennialMoneyCanadaPodcastSam’s TikTok: https://www.tiktok.com/@millennialmoneycanada?lang=enSam’s LinkedIn: https://www.linkedin.com/in/sam-lichtman/Guillaume’s Instagram: https://www.instagram.com/financialplannergui/Guillaume LinkedIn: https://www.linkedin.com/in/guillaume-girard-cfa-cfp-08487170/

Keywords

Real estate, tax considerations, financial planning, depreciation, rental properties, investment strategies, partnership, liability, home buyers, tax advice

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