"The tax game is a deferal game" - Charn Hansra

This month on the What You Should Know About Real Estate Investing Podcast we're speaking with Real Estate Investor focused accountant Charn Hansra.

As a chartered accountant in Mississauga, Charn Hansra's accounting firm, Clearhouse LLP, offers the highest level of expertise and experience to guide their clients through all financial aspects of their business, including tax accounting, in a straightforward manner. 

Charn's strength is in being committed and enthusiastic about the success of his client's businesses, and he takes pride in recognizing that most of their growth comes via recommendations from satisfied clients who are happy to share one of the keys to their success with friends and associates.

In our conversation with Charn we focus on taxes, corporate structure, and general best practices for real estate investors, including:

• Charn's  real estate investing origin story
• How Charn sees his role as an accountant for his clients
• When is it time for real estate investors to consider restructuring?
• How to get a mortgage through your investing corporation
• How investors can get paid through a real estate holding corporation
• Risks and rewards analysis of holding real estate personally versus in a holding corporation
• Differences around refinances for properties held personal compared to properties held in a holding corporation
• Tax differences between active real estate companies and real estate holding companies
• Ways to reduce your effective tax obligations in a holding corporation including expense capturing, CCA, and taking dividends
• How taking a dividend from your holding corporation affects the amount of tax the holding corporation pays
• The reason why an investor may want to have a holding corporation
• Why you should have life insurance!
• Should you have a  separate corporation for each apartment building you own?
• The differences between a holding corporation, real estate corporation, and operating corporation
• Section 85 Rollover
• When to use a JV structure and when to use a GP / LP structure

Amazing information from Charn on this episode, a huge thank you to him for joining us on the show!

Want to connect with Charn or find out more about his Accounting Services? Find him online at:

https://charnhansra.ca/

Got questions about the show?

Want to be a guest or know someone who would be a good fit for the show?

Got Real Estate Investing questions?

Contact us via e-mail to: wyskare@gmail.com 

Or send us a message  via our What You Should Know About Real Estate Investing Podcast Facebook Page

Thank you for listening!

- Ben, Trevor, and Nick