If a small family is buying an investment house, in whose name is it better to buy the house? One person, two people, you or me?

All investments involve risks. Don’t forget the investment risks when considering saving money and reducing taxes

 

Is it better to buy an investment property under an individual's name or a company's name? This is a relatively complex investment decision. Since it is an investment, there are risks, and investment returns and risks are often normally distributed. Due to space constraints, the video we made today only explains the various pros and cons of putting a small amount of investment property under an individual's name. Next time we will talk about why large real estate investors still like to use companies to invest, even though they know that using companies for investment will increase the tax burden, and often use a three-tier company structure to purchase real estate.

In fact, when it comes to real estate investment, everyone has different ideas and practices, so what I say here only represents my personal opinion, not a standard. As for the tax advantages of buying an investment property in your own name, it is very clear that it is simple and easy to operate. When filing taxes, you only need to include the investment income in your personal income and pay taxes together. Of course, when filing taxes, you need to pay attention to how to correctly fill out the tax form for the investment property. For more information on this, you can watch the relevant videos we made.

When a small family buys an investment property, who should it be under? One person, two people, you or me? All investments have risks. Don’t forget the investment risks when considering saving money and tax.

Related articles

  • What is the most appropriate way to buy a car in the name of the company? Buy with a loan or with full payment?

    We have previously published content about whether it is better to buy an investment property in the name of an individual or a company. Each has its pros and cons. The key lies in why you buy and how you buy it.


    The same applies to buying a car. Don’t think that you should spend as much as possible just to save taxes. In fact, suitability is the most important thing, because often the savings from spending necessary money will be much more than the taxes you pay.

  • Employer Health Tax (EHT Return)

    In today's video, Jinni explains what you need to pay attention to when it comes to Employer Health Tax (EHT Return) in Canada.
  • 2019 personal tax filing tips

    This video is designed for small families with children who pay for their children's daycare. If one of your family members has a high income and is in school or the low income member cannot take care of the child for other reasons,  Please be sure to check the T776 form to see if you, as the high-income spouse, can deduct the child's DAYCARE expenses and enjoy a special child care benefit in Ontario this year. The amount is considerable, so don't ignore it!
Go to full site