Tax Reducing Strategies for Real Estate Investors - George Dube
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Welcome to the latest podcast of the Savvy Investor Podcast. In today's episode, we discuss real estate investing and effective tax planning with our guest, George Dube. George brings a wealth of knowledge from both his extensive career in accounting and as a seasoned real estate investor. Starting his own practice in 1997 after gaining experience with national firms, George transitioned to leveraging his real estate knowledge for both his firm and personal portfolio.
Episode Highlights:
- Early Planning and Structuring: George drives home the importance of meticulous planning before diving into real estate investments. He sheds light on how correctly structuring ownership—be it personal or through a corporation—can play a pivotal role in optimizing tax advantages and safeguarding assets.
- Should We Incorporate: Exploring the benefits of incorporation, George shares the common misconceptions around corporate tax rates and passive income.
- Real-Life Strategies: George demonstrates how strategic negotiations and corporate structures can lead to beneficial tax outcomes not available to individual investors.
- Importance of Professional Guidance: A key takeaway from our discussion is the critical role of professional accountants in navigating the complex tax environment. George emphasizes proactive record keeping, the value of early consultations, and the strategic planning necessary to leverage tax rules in favor of investors.
- & more!
For more Information and to learn more about George Dube visit his website at: https://georgeedube.com.
Learn More About Our Trusted Partner- Barr LLP
Barr LLP is a full service law firm based in the Province of Alberta with a broad range of practice areas to assist all clients. Their Commercial and Residential Real Estate and Finance team helps new and experienced clients navigate the world of real estate investing in an easy and open manner.
Would you like to learn more about Barr LLP or get in touch with them? Visit: https://thesavvyinvestor.ca/barr-llp
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Disclaimer: The views and advice expressed on this podcast are those of the participants and do not necessarily reflect the opinions or beliefs of the podcast host or affiliated parties. The content is for entertainment purposes only and should not be considered as professional financial, legal, or investment advice. Listeners are encouraged to conduct their own research and consult with qualified professionals before making any financial decisions. The podcast host and producers are not responsible for any actions taken based on the information provided
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