131. Canadian Real Estate Investors Tax Strategies

Wealth Without Bay Street EPISODE 131: Featuring on today’s episode is Cherry Chan. Cherry is an entrepreneur, author, blogger, and mom of two young kids. Her accounting practice specializes in helping Real Estate Investors reach their investment goals. She started her real estate investment journey over 10 years ago by buying one student rental in her own name then became two more in the same year. Now she co-owns multiple properties with her husband. Through her blog, she has been inspiring others to take charge of their lives, make changes and take action. Cherry is also a Best-Selling Author on Amazon for her book called “Complete Taxation Guide to Canadian Real Estate Investing”. She can be reached via her website at RealEstateTaxTips.ca IN THIS EPISODE, YOU WILL LEARN: 0:00 Introduction 3:06 Cherry’s Golden Nuggets of Wisdom 5:41 Everyone Has a Different Criteria 8:47 Dealing With Multiple Joint Ventures 11:52 Financial Pressure of Losing a Loved One 15:47 Estate Planning 19:58 Life Insurance as Collateral 24:30 Taxes and Property 28:42 Liability Aspects 33:57 Cherry’s Blogging Journey 39:48 Who Would Cherry Want To Be a Hero To Get Connected With Cherry: Instagram: https://www.instagram.com/realestatetaxtips/ Facebook: https://www.facebook.com/RealEstateTaxTips YouTube:https://www.youtube.com/channel/UCeF071nDgWkbpm4J65uLbmA