Investing and preparing tax for an investment property is not always straightforward. Add to this, the government’s tapering of many typical property deductions and your sizable investment might not be working to its fullest capacity. So in terms of tax considerations, yes, property investing certainly isn’t a rinse and repeat like before.
Not sure where to start or what tax implications may apply to your property investment folio? Contact an ITP Consultant today and open the door to guaranteed maximum returns.