Jason here,
Today we’re going to talk about ways to save on taxes with a rental property utilizing the power of deductions!
I’d like to introduce you to a good friend of mine Brent Rushton who’s one of the best chartered professional accountants here in Nanaimo.
Brent saves people thousands of dollars in taxes every year and today he’s going to share a few of his top tips for home owners and investors wanting to know more about the tax advantages that come along with a rental property.
The most common question home owners ask Brent is,
"What can I deduct?"
In this video Brent touches on everything you can deduct, eg. anything used for the property during the course of the year for rental purposes, advertising costs, management fees, insurance, property taxes, interests, renovations and more!
Brent also mentions a few bonus tips to help you get the most out of your taxes if you are considering SELLING your property.
We hope you enjoy this video and if you have any comments, questions, or concerns, give us a call or reply to this email.
We’re happy to help!
If you’d like to get in touch with Brent in Nanaimo to learn more about what you can do to save on taxes, feel free to contact him via the contact page on the KMA website found here:
Thanks for tuning in and see you soon for another handy video!
~Jason