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Change your financial situation and take control of your time with the 2x4 Program to get started in real estate: https://bit.ly/programme2x4 Congratulations, you have just bought your first income property. You are making money, how does real estate tax work? You want to get started in real estate, take action with my training and private support programs on real estate: https://remibergeron.com Join this channel to benefit from exclusive advantages: / @remibergeron When you make a real estate investment and you have just bought a building, you must now ask yourself how it will affect your income tax. Taxing an income property is not very complicated. You must take your gross income, deduct your eligible expenses and arrive at a net income. This net income is added to or deducted from your other sources of income. Fiscally, you can delay taxation on an income property by taking CCA (Depreciation Deduction). 0:00 Intro 1:56 Paying tax on profits 2:39 Salary VS Income 3:45 Expense deductions 4:43 Cashflow 6:14 Cashflow after Tax 7:11 Expenses equal income 7:51 Rental losses 8:43 Depreciation 10:32 Depreciation deduction 13:22 Capital gain 14:36 Summary and end Patreon link so you can share with me and ask all your questions! / remibergeron Follow me on facebook! https://bit.ly/2xw7pl8 I am not a financial advisor. I share my experiences and my reality in order to inspire you, motivate you and help you evolve financially and in real estate to aim for financial independence. I show you how to invest in real estate according to my good and bad moves. Any precise information must be validated for your situation and your personal finance with a notary / lawyer / tax specialist. Rémi Bergeron