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If you’re feeling frustrated and defeated because despite all the research and hard work you’re putting into your real estate investments, you’re still not seeing any returns, then you are not alone!

In this episode, you will be able to:

• Surmount hurdles and conquer rejection in your real estate investing endeavours.
• Unravel the importance of tenacity, adaptability, and a growth mindset for your success journey.
• Pay attention to aspects within your grasp while searching for diverse solutions to improve outcomes.
• Develop a robust support infrastructure and connect with fellow real estate investors.
• Grasp new opportunities, spring into action, and do away with any hindrances blocking your way to success.

Our special guest is UnstoppableTracy Schmitt, a source of inspiration for real estate investors everywhere and an unstoppable force of resilience and determination. 

Born with no hands and legs, UnstoppableTracy has defied all odds and challenged the word “no” throughout her life. Embracing possibilities and taking action, she has proven that there are no excuses for success. As a real estate investor herself, she brings a wealth of experience and a unique perspective on overcoming challenges. UnstoppableTracy’s journey serves as an inspiration to fellow real estate investors who embrace the same spirit of resilience. 

Everyone is a Valuable Contributor
Recognizing the value that each individual brings to the table is essential for fostering successful collaborations. By demonstrating appreciation and respect for each person’s contributions, one can create an empowering environment that promotes teamwork, cooperation, and ultimately, success. 

During the interview, UnstoppableTracy shared her insights about the importance of acknowledging and valuing each person’s input. Drawing from the experience of being told she couldn’t attend a school due to her disability, she highlighted the importance of not making assumptions about why someone is saying no, and instead, finding alternative solutions. This approach showcases her belief that everyone has something valuable to contribute, and it is up to individuals to harness and optimize these skills to achieve success.

Overcoming Challenges with No Excuses, No Limits
Embracing the mindset of “no excuses, no limits” serves as a powerful driving force in achieving success, regardless of the obstacles one may face. By adopting this attitude, one can stay focused on their goals and maintain the determination to push through barriers. This mindset allows individuals to take full responsibility for their actions and helps them strive towards their objectives with unfaltering persistence. 

In the podcast, UnstoppableTracy story is a prime example of someone who has faced seemingly insurmountable challenges but has persevered to achieve incredible accomplishments. Born without arms and only one leg, she was determined to rise above it all by adopting this “no excuses, no limits” mantra. This outlook enabled her to participate in the Paralympics, write a best-selling book, and make a name for herself as an insightful real estate investor.

The Importance of Persistence
Persistence in the face of challenges and setbacks is integral to achieving success. Staying committed to one’s goals and consistently working to achieve them helps build the resilience needed to weather adversities. Demonstrating persistence ensures that one continues to move forward, learn from experiences, and grow both personally and professionally.

In her conversation, UnstoppableTracy emphasized the importance of being persistent in one’s pursuits. Her own experiences of overcoming obstacles and embracing challenges show how crucial persistence is in reaching one’s goals. UnstoppableTracy’s determination to excel, despite her physical limitations, serves as an inspiration to all those who wish to pursue their dreams and succeed in any endeavour.

Get in touch with UnstoppableTracy;
Email: me@unstoppabletracy.com
Facebook: https://www.facebook.com/unstoppabletracy
Twitter: https://twitter.com/unstoppabletrac
Instagram: https://www.instagram.com/unstoppabletracy/
LinkedIn: https://www.linkedin.com/in/unstoppabletracyschmitt/

Additionally, UnstoppableTracy has a website at https://www.unstoppabletracy.com/ where you can find more information about her and her work.

This episode has been brought to you in part by
BM Select/Butler Mortgage – https://bmselect.ca/

Tracy is UNSTOPPABLE – and not just because she cameoed in the movie Robo Cop alongside Michael Keaton and Gary Oldman.

TV Host UnstoppableTracy #1 International MegaSuccess TedX Speaker has shared the stage with Jane Fonda, Dr. Phil, Michael Douglas, John Travolta, Mel Gibson, Mark Wahlberg, Mel Robbins and more! 

Her mind-blowing story always gets standing ovations pushing audiences out of their limitation zones. She has been viewed virally with over 100 million views and is the #1 Female Transformational Leader winner by leadership guru John Maxwell out of 160 countries. 

UnstoppableTracy doesn’t just talk about high performance in business…she lives it! Robert W. Jackson Award Recipient [Founder of the Canadian Paralympics], inducted into Canada’s Hall of Fame, C-SASIL Lifetime Achievement Awardee and as seen on ABC, BBC, CBC, City TV, Global News, NBC, FOX and globally in media around the world! 

Oprah Magazine shared her story as Quest for the Gold World Cup Sailor, who climbed the Himalayan mountains, captained a 110-foot-tall ship,  won paraskiing bronze and is funny too.

Oh, did we mention she was born a 4-way amputee?

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If you’re feeling frustrated and discouraged because, despite your efforts to improve your real estate investing skills, you still can’t seem to find success, then you are not alone!

In this episode, you will be able to:

• Recognize the importance of realistic target-setting for triumphant outcomes.
• Grasp the detrimental effect of ‘shoulds’ on your mindset and establishing goals.
• Hone your ability to triumph over disheartening self-talk using affirmative self-contemplation.
• Appreciate the impact that careful language choices can have on goal-setting efficacy.
• Develop the skill of dividing goals into achievable tasks to maintain interest and make headway.

Our special guest is Nancy Morris who delves into the harmful effects of ‘shoulds’ on our mindset and goal-setting. Nancy’s background in functional MRIs and language has given her a unique understanding of how our thoughts and words can shape our success, particularly for real estate investors. 

With her delightful sense of humour and knack for sparking “aha” moments, Nancy provides invaluable guidance for those battling negative self-talk and seeking to improve their mindset.

The resources mentioned in this episode are:

• Identify your desired outcomes and break them down into sub-desired outcomes and performance goals.
• Focus on actions and decisions within your control, rather than external factors.
• Avoid using the word should and challenge it when you hear it in your self-talk.
• Share this conversation with someone you trust and ask them to point out when you are shoulding on yourself.
• Remember that disappointment is natural, but beating yourself up is a learned behaviour that can be unlearned.
• Take care of yourself and practice self-compassion, especially when things don’t go as planned.

Get in touch with Nancy Morris
Nancy@NancyMorris.com
https://www.nancymorris.com/
https://twitter.com/NancyMorris

Brought to you in part by
Legal Second Suites – https://legalsecondsuites.com
BM Select/Butler Mortgage – https://bmselect.ca/

Nancy Morris, Psychologist (MSc in Applied Psychology)

Nancy Morris is a Business & Performance Psychology Consultant, Speaker, and Author. She has 19 years of academics under her belt and is about to pursue a Ph.D. Some of her clients refer to her as an  “un-guru” – a no-nonsense specialist in translating the academic theories of business psychology and people development into actionable insight for the real world.

For almost 20 years, Nancy’s science-backed systems have helped thousands of solopreneurs and self-employed professionals (e.g./ lawyers, commercial and residential real estate agents) master the mind game of productivity, creating more consistent revenue and feeling more confident, focused, and valuable at work.

Nancy’s real difference is that she doesn’t float on a cloud with idealistic platitudes or arrive on a stage with fireworks and empty hype. She delivers proven, science-backed advice and ongoing strategy in a system that simply works. She is the same person out at the pub and behind the podium. She is not about pantsuits, long-winded speeches, or pie-in-the-sky ideals. Instead, she cracks jokes, gets vulnerable, doesn’t pull any punches, and says what you need to hear and how you need to hear it while laughing along as your outcomes are improved.

Nancy has written the book on procrastination called Procrastinate Now: Rethinking Time Management and listeners can download it for free from her website.

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Nancy Morris stumbled upon an unexpected twist that challenged everything she thought she knew about achieving goals. What did she discover? And how did it change the game for her and others? Stay tuned to find out.

In this episode, you will be able to:

• Comprehend the cruciality of setting performance targets for effective real estate investments.
• Uncover the power of adopting the right mindset and psychological approach in real estate investing.
• Master the art of breaking down desired results into feasible tasks that propel investment success.
• Realize the impact of one’s language on self-image and investment performance.
• Nurture a progressive thought process that contributes to triumphant real estate ventures.

Our special guest is Nancy Morris, a renowned expert in the field of business psychology, who is passionate about guiding real estate investors toward success by helping them better understand their mindset and the role it plays in their investment journeys. 

With her extensive background in motivation and mindset, Nancy has shared her invaluable insights through speaking engagements and podcasts, including The REITE Club Podcast. As a close friend of Laurel Simmons, Nancy continues to be a valuable resource for investors seeking to overcome obstacles and achieve their goals in the ever-changing real estate market.

The resources mentioned in this episode are:

• Check out Nancy Morris’ website, nancymorris.com, for more information and resources on business psychology.
• Set specific, measurable performance goals rather than focusing solely on desired outcomes.
• Write down different approaches or strategies for achieving your investment goals each day for a week.
• Focus on what you can control or be in charge of, rather than investing your mindset in external factors beyond your control.
• Seek out a coach or mentor to help guide and support your real estate investment journey.

Get in touch with Nancy Morris
Nancy@NancyMorris.com
https://www.nancymorris.com/
https://twitter.com/NancyMorris

Brought to you in part by
Legal Second Suites – https://legalsecondsuites.com
BM Select/Butler Mortgage – https://bmselect.ca/

Nancy Morris, Psychologist (MSc in Applied Psychology)

Nancy Morris is a Business & Performance Psychology Consultant, Speaker, and Author. She has 19 years of academics under her belt and is about to pursue a PhD. Some of her clients refer to her as an  “un-guru” – a no-nonsense specialist in translating the academic theories of business psychology and people development into actionable insight for the real world.

For almost 20 years, Nancy’s science-backed systems have helped thousands of solopreneurs and self-employed professionals (e.g./ lawyers, commercial and residential real estate agents) master the mind game of productivity, creating more consistent revenue and feeling more confident, focused, and valuable at work.

Nancy’s real difference is that she doesn’t float on a cloud with idealistic platitudes or arrive on a stage with fireworks and empty hype. She delivers proven, science-backed advice and ongoing strategy in a system that simply works. She is the same person out at the pub and behind the podium. She is not about pantsuits, long-winded speeches, or pie-in-the-sky ideals. Instead, she cracks jokes, gets vulnerable, doesn’t pull any punches, and says what you need to hear and how you need to hear it while laughing along as your outcomes are improved.

Nancy has written a book on procrastination called Procrastinate Now: Rethinking Time Management and listeners can download it for free from her website.

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Meet Georges El Masri, an experienced real estate investor with a wealth of knowledge in property conversions and overcoming market fluctuations. 

Real estate investing poses many challenges and investors need to learn from their mistakes to thrive in the industry. It is important to keep pushing forward and continually refining one’s strategy as situations evolve. 

Adapting to changes in the market or dealing with unexpected obstacles can help investors become more resilient and capable of achieving success. From Georges El Masri’s perspective: 

During the podcast, Georges shares his experience of acquiring four townhomes at an unfavourable market height, leading to negative cash flow. Despite the challenges, he persevered and strategically aimed to convert the properties into legal duplexes. Through his determination, he found creative solutions to improve his investments and has turned this experience into a valuable lesson for his future endeavours.

With a track record of success, Georges has navigated the ups and downs of the industry while maintaining a strong focus on community involvement and networking. 

As the founder of WellOff, Georges is dedicated to helping others achieve their financial goals through real estate investment. His ability to adapt and innovate in the face of change has earned him a reputation as a savvy investor and a valuable resource for others in the field.

In this episode, you will be able to:

• Master the intricacies of landlord-tenant boards and duplex conversions for a smooth property management process.
• Discover the significance of networking and community involvement in crafting a successful real estate portfolio.
• Uncover innovative strategies for maximizing rental property cash flow and securing financial stability.
• Learn how to adapt and overcome challenges in the ever-changing real estate investment landscape.
• Harness the power of technology for efficient property management and growth.
  

The resources mentioned in this episode are:

• Consider reaching out to a planner, accountant, and lawyer before buying properties with joint lot lines to avoid potential complexities with title merging.
• Explore the possibility of vendor take-back mortgages when negotiating with sellers, as it may provide favourable terms for both parties.
• Be prepared to pivot and explore alternative strategies if your initial real estate investment plans don’t work out as intended.
• Keep in mind the potential challenges with tenant evictions and the landlord tenant board process when planning for property conversions.
• Research the municipality and its regulations when applying for minor variances or other zoning amendments to ensure a smooth process.
• Look into investing in growing cities like Welland, Ontario, which is known for its business-friendly environment and potential for growth.

Get in touch with Georges:
Website: http://www.welloff.ca/
Instagram: https://www.instagram.com/welloffx/
Facebook: https://www.facebook.com/georges.elmasri
Email: info@welloff.ca

This episode has been brought to you in part by
BM Select/Butler Mortgage – https://bmselect.ca/

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Understanding the local laws and regulations is a critical step for any real estate investor who is looking to expand their portfolio into a new market. This is especially true when considering an investment in a different country or province, such as Alberta or Ontario, where the legal landscape may differ significantly from one’s current location.

In this episode of The REITE Club podcast, join guest Svetlana Pessotski a real estate broker in Toronto as she shares how she used her creativity and entrepreneurial spirit to soar amidst the uncertainty of the pandemic, building an impressive portfolio and network in Calgary while offering tips to investors on customizing their lives.

In this episode, you will be able to:

• Uncover the perks and promising future of Calgary’s real estate market.
• Unlock the advantages of Alberta’s landlord-friendly policies and rental assurance programs.
• Identify the potential of preconstruction condos as lucrative investments in Calgary.
• Recognize the significance of thorough research and due diligence in real estate ventures.
• Discover various investment approaches and regional markets to diversify your portfolio.
  

From the perspective of engaging in active research and diligently learning about the region’s specific legislation and property management requirements, it can set the stage for a successful real estate venture. 

Recognizing that every market has unique challenges, Svetlana encourages listeners to fully grasp the local laws and guidelines, which ultimately helps protect investors from potential difficulties down the road.

Get in touch with Svetlana Pessotski
Broker

spessotski@hotmail.com
Mobile: 647-838-8484

This episode has been brought to you in part by
BM Select/Butler Mortgage – https://bmselect.ca/

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Passive investing is an investment strategy that seeks to generate consistent returns over time without the need for constant monitoring and decision-making. It involves allocating funds to a well-diversified portfolio, typically designed to track a specific market index or sector. 

In this week’s podcast episode, you will be able to: 
1. Discover the potential opportunities in private equity investments amid the shifting real estate landscape during COVID-19. 
2. Uncover the significance of diversification for a thriving investment portfolio. 
3. Discern the differences and implications of passive and active investing in real estate. 
4. Explore various investment options tailored to suit distinct financial situations. 
5. Recognize the value of education and relationship cultivation for informed investing decisions.

Our guest is Steve Blasiak, an insightful and experienced private equity investor who passionately shares his knowledge in the realm of real estate investing. Steve has successfully navigated the ever-changing real estate market, particularly amid the COVID-19 pandemic, by adapting and embracing new opportunities.

Passive investing can allow investors to achieve steady growth while minimizing the time and effort required to actively manage their investments. This approach often involves holding onto assets for an extended period, letting time work its magic on the investments, and generating returns through compound interest.

This strategy and approach may not be for everyone, as some individuals might prefer the control and potentially higher returns of active investments. However, for those who are open to a more hands-off approach, there is a wide range of investment options available, such as real estate investment trusts (REITs) and private equity funds.

By patiently allowing time to work on their investments and diversifying their assets, investors can potentially reap significant benefits over the long-term.

Steve’s expertise in private passive real estate investments has enabled him to thrive during challenging times, doubling his sales and helping his clients diversify their portfolios. With a keen eye for identifying lucrative investments, Steve’s approach ensures that his clients can achieve their financial goals while mitigating risks.

Get in touch with Steve Blasiak
E-Mail: Steven.blasiak@pinnaclewealth.ca
Phone: 416-464-3085

Brought to you in part by:
BM Select/Butler Mortgage – https://bmselect.ca/

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James Knull, a realtor based on the West Coast, discusses strategies for cash flow properties in Western Canada in light of recent interest rate hikes. One suggestion he has is increasing the down payment, which can offset some of the costs associated with higher monthly payments.

In this week’s podcast episode, James discusses two strategies for increasing cash flow from rental properties: increasing rent and adding short-term rentals. Additionally, he suggests that self-property management can help reduce expenses.

There is a collection of buildings in Vancouver that are now opened up to allow executive rentals on a month-to-month basis. This has increased the amount of available rental inventory in Vancouver. In Edmonton, Alberta, it is easier to rent on a nightly basis due to fewer regulations. In Vancouver, it is still possible to rent on a nightly basis, but it is more difficult.

It is competitive to buy multifamily buildings in Edmonton right now because there are a lot of people who are interested in investing in them. However, there are also a lot of people who are trying to tie up buildings who don’t actually have the capital available to close on the building.

Multi-family realtors in Edmonton spend a lot of time vetting buyers to make sure that deals are likely to go through. This is because the due diligence process for a commercial or multi-family property can take a couple of months, during which time a lot can change in the market. As a result, serious buyers need to be organized and ready to move quickly.

James discusses the recent change to zoning bylaws in Edmonton that now allow for multi-unit dwellings in core neighbourhoods. This change was made in an effort to combat urban sprawl and make the city more sustainable. Investors are targeting these properties because they are cheap and offer a lot of potential for cash flow. 

In this interview, James Knull talks about the importance of consistency in real estate investing. He also discusses the changes in Vancouver’s laws regarding short-term rentals, and how this can impact investors. Finally, he gives some advice on how to establish oneself as a serious buyer in order to be ready to purchase a property when the right one comes along.

Get in touch with James Knull
E-mail: James@mogulrg.com
Website: https://www.instagram.com/mogulrg/
Instagram:  @mogulrg
Facebook: https://www.facebook.com/james.knull

Brought to you in part by:
Legal Second Suites – https://legalsecondsuites.com
BM Select/Butler Mortgage – https://bmselect.ca/

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The biggest fear that real estate investors have in getting into larger residential units is that they will be intimidated by the size of the investment. However, our guest this week, Seth Ferguson reassures us that as long as we have a repeatable system in place, the intimidation factor goes away.

He talks about his journey as a real estate investor, including the advice he received to invest in bigger deals. He attributes his success to his boldness, which has allowed him to do things that others may be afraid to do.

Seth is also the founder of The Multifamily Conference – the crazy guy who put together the first event in the middle of a global shutdown because a) he is stubborn and b) he is a firm believer that face-to-face networking is the foundation of real estate.

To get your ticket to this amazing event order your seat here
https://multifamilyconference.ca/ref/theREITEclub/  

He specializes in multifamily real estate investing. In this week’s podcast episode, he discusses the benefits of investing in larger multifamily units as opposed to smaller units. 

Larger deals are less risky and better because of 3 factors; 

• Better debt options
• Increased cash flow 
• Economies of scale 

He discusses the value add strategy for commercial real estate investing. This strategy involves buying an underperforming asset, making improvements to it, and then selling it. 

It is possible to compete against the big guys when buying larger apartment buildings, but it depends on the niche that the investor is in. It is also possible to build a portfolio of smaller buildings that do well.

Seth also mentions that syndication is a good option for investors looking to acquire larger buildings. Syndication is a way for passive investors to pool their money together and invest it with a general partner, who then manages the deal to earn a return. He notes that the syndication model offers many advantages over traditional real estate investing, including the ability to participate in larger deals and the protection of passive investors’ initial capital.

He also outlines three steps that someone interested in large multifamily real estate investing should take. They should;

1. Determine what type of portfolio they want to build and research investment markets.
2. Assemble a team of experts and figure out how to structure deals and raise money.
3. Underwrite deals and create a deal flow.

It can take a long time to go from deciding to invest in real estate to actually making an offer on a multi-family property, depending on various factors. Seth Ferguson teaches people how to successfully invest in their first apartment deal. He says that the first deal is always the hardest, but that it gets easier with experience.

A 14-year real estate veteran, Seth is the host of a cable TV real estate show, the host of a real estate investing podcast, and the founder of Moguls Mastermind: an invite-only collective of the top real estate thought leaders from across North America.

He is the CEO of the real estate investment company Multifamily Real Estate Investments Inc which provides investment opportunities for high-net-worth individuals by acquiring and improving underperforming apartment buildings.

Get in touch with Seth;
seth@sethferguson.org
www.SethFerguson.org
https://www.instagram.com/sethfergusonofficial
https://www.facebook.com/sethfergusonrealestate/

This episode has been brought to you in part by
BM Select/Butler Mortgage – https://bmselect.ca/

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Jamil Rahemtula is a real estate investor and agent based in Hamilton, Ontario. He helps clients invest in various types of properties, including residential and commercial, and he focuses on student rentals specifically. He markets himself to clients by doing extensive due diligence on properties and screening them for value-adds that align with his clients’ needs.

He highlights that it is important to find an agent who is willing to do research and provide information on properties, rather than just selling based on emotion. It is important to be aware of what is happening in the market and to find an agent who is willing to do their due diligence in order to get the best deal possible. Asking the right questions is key, and investors should be aware of all expenses associated with a property before making an offer.

Jamil also talked about his own portfolio, which includes student rentals, multi-family properties, and commercial buildings. He suggests that landlords should focus on upgrading their properties to attract tenants who are willing to pay higher rents.

He shares that to attract certain tenant profiles he works by furnishing and decorating the rental units in a certain way. He mentions that they used to offer furniture rentals for a dollar a day, but they stopped because it became too cumbersome. They also mention that they sometimes offer to paint an accent wall for tenants who sign a lease at the right time.

Jamil’s first real estate purchase was a student rental property in 2008. He paid a premium for the property, but he still owns it today. He bought the property because he had been reading Don Campbell’s books and wanted to get into the real estate investing business.  

He discusses how he handles student rentals and market turmoil and offers three tips for landlords of student rental properties: 
(1) ensure good internet service by testing in every room; 
(2) offer appliances like dishwashers and freezers
(3) consider hiring a maid service. 

The cleaner can also help landlords keep an eye on the property and report any needed repairs or illegal activity. 

Contact Jamil Rahemtula
Email: jamil@rockstarbrokerage.com
Phone: 416-275-7819
Web: https://www.rockstarbrokerage.com/jamil-rahemtula/

This episode has been brought to you in part by
Private $ 4 Mortgages – https://privatemoney4mortgages.com
BM Select/Butler Mortgage – https://bmselect.ca/

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Real estate investors, are you aware that some of the recent Federal real estate laws could have tax implications? 

One that is catching many investors off guard is the Underused Housing Tax. 

Did you even know that in certain circumstances there is a requirement to complete a new tax form for each investment property, and failure to comply will result in a $10,000 fine per property?

Daniel DiManno, Partner at Capstone LLC Chartered Accountants outlines what to expect for filing this April 2023 and subsequent years, what your obligations are, and the implications of not filing or filing incorrectly.

The Reite Club recently hosted an event with Daniel DiManno, CPA, CA, discussing the implications of the Underused Housing Tax Act. Daniel noted that there are severe penalties for failing to file for rental properties by April 30th and that the act could be expensive for investors who are unaware of it.

He also touched on the new anti-flipping rules stating that if you sell a property within 12 months of buying it, you will have to pay business tax on the entire profit, rather than just 50%. There are exceptions to this rule for those who have to sell due to life circumstances.

But the main focus was the “Underused Housing Tax” which is a 1% annual tax that is being imposed on the value of residential real estate in specific circumstances. The tax is meant to target non-primary residences that are left vacant for long periods of time. The tax applies to properties that are not the primary residences of the owners, and that is left vacant for more than six months out of the year.

The new UHT return applies to foreign or domestic non-public corporations, individuals who are non-residents or non-citizens of Canada, trustees of trusts, and partners of partnerships. These people are required to file the return if they own residential rental property. Canadian citizens are not required to file the return unless they are part of a partnership.

This episode discusses the types of property that are exempt from the UHT return, as well as the types of property that are included. It also explains how to determine whether or not a property is considered residential under these rules.

If you own a property that could potentially be considered residential, it could be advisable to file a U H T return in order to avoid any penalties. There are various circumstances under which an individual would be exempt from paying the 1% tax on secondary residences in Ontario. These include if the property is the individual’s primary residence if it is rented out for at least 180 days of the year, if the property is seasonal or inaccessible, if it is undergoing renovation, or if the owner has recently purchased the property. If the owner of the property dies, the executor is also exempt from paying the tax for one year.

The new tax will be 1% of the value of the property, and the value is determined by the most recent sale price or the assessed value based on property tax assessments. The penalties for not filing the return or for not paying the tax on time are quite substantial, and they increase based on the number of months that the return is outstanding.

The Canada Revenue Agency will penalize individuals who do not file a UHT return for each unit they own. The penalties will be multiplied if the individual owns multiple units. The deadline for filing the U H T return is April 30th.

There is some debate among tax experts as to whether or not joint tenants or tenants in common will be considered a partnership for the purposes of the UHT, but it is generally believed that they will not be treated as such. The filing deadline for the UHT has not yet been announced, but it is expected to be sometime in the near future.

Daniel DiManno provides valuable information on the requirements for filing for the CRA  including the need to get a RU number, including the need for businesses to call the CRA and obtain the number. He also discusses the implications of a husband and wife owning property jointly with a third party, and how the joint venture would be required to file.

Contact Daniel DiManno
daniel@capstonellp.ca

This episode has been brought to you in part by
BM Select/Butler Mortgage – https://bmselect.ca/