rental properties under personal tax or corporation?
Folks,
I have 4 rental properties of which 1 is under corporation and 3 under my personal name. What i need help with is
1) For taxation purpose would it be better to keep all 4 rental under incorporated corporation or leave it as is ? , Any risk involved for having more properties in corporation vs personal?
2) If the answer is YES to 1) , how to i change rentals from personal to corporation? Is this just a matter of going to accountant and making a change or ?
Appreciate all your help.
I have 4 rental properties of which 1 is under corporation and 3 under my personal name. What i need help with is
1) For taxation purpose would it be better to keep all 4 rental under incorporated corporation or leave it as is ? , Any risk involved for having more properties in corporation vs personal?
2) If the answer is YES to 1) , how to i change rentals from personal to corporation? Is this just a matter of going to accountant and making a change or ?
Appreciate all your help.