tax returns and maximize the wealth-building potential of your real estate portfolio. Suppose your corporation earns rental income of $100,000 annually from its real estate portfolio in Canada. After deducting operating expenses and mortgage interest, the corporation's net rental income amounts to $80,000. Instead of distributing this income to yourself as dividends, you decide to reinvest it back into your real estate portfolio for future growth. By retaining earnings within the corporation, you defer personal tax obligations on this income, allowing your investments to compound tax-free. Additionally, when it's time to sell a property and realize capital gains, the corporation benefits from favorable tax treatment on capital gains, resulting in lower tax liabilities compared to individual investors. Through strategic tax planning and reinvestment strategies, you optimize your after-tax returns and maximize the wealth- building potential of your real estate portfolio and generational wealth preservation.
Now it's the homework time, 3 Questions for you:
1,What is the key takeaway you've gained from this chapter?________________________________________________________ 2, Reflecting on the insights shared, how significant is this takeaway to you? Please elaborate on its importance in your life. ______________________________________________________________
3, Taking into consideration what you've learned, how can you integrate this valuable insight into your current situation for
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