C9Consulting
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- Jul 4, 2010
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Re: Buying a House in Canada.Best to do it under Name or Corporat
The way it works is this, at some point, you're going to get taxed. I live in the States so I don't know how Canada does its capital gains taxes. In the States it's advisable to do a lot of dealings under a corporate umbrella, to shield an individual from taxes right off the bat. For instance a lot of corporations are taxed on the back end. Meaning that they're taxed after gross profit is calculated.
Individuals are taxed on the front end, meaning taxes are the first things taken out of our paychecks, not the last(as with corporations). And that's why putting any kind of investments under an umbrella corporation is beneficial to anyone participating in large investment decisions.
I hope this helps.
The way it works is this, at some point, you're going to get taxed. I live in the States so I don't know how Canada does its capital gains taxes. In the States it's advisable to do a lot of dealings under a corporate umbrella, to shield an individual from taxes right off the bat. For instance a lot of corporations are taxed on the back end. Meaning that they're taxed after gross profit is calculated.
Individuals are taxed on the front end, meaning taxes are the first things taken out of our paychecks, not the last(as with corporations). And that's why putting any kind of investments under an umbrella corporation is beneficial to anyone participating in large investment decisions.
I hope this helps.