Being a landlord comes with a lot of responsibility. Good landlords care about the upkeep of their properties, and by extension, the well being of their tenants.

But it’s not enough to keep the yard tidy—landlords must make sure their finances are well tended too. Show your clients who own investment properties how you can help.

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Subject Line: Landlord tax tips

Dear XXX,

This tax season we’ll ensure your return makes the most of the deductions available to you as a landlord, and we’ll plan ahead to avoid CRA assessment headaches.

CRA has important rules surrounding some of the credits you may be able to take advantage of, and the agency has a reputation for putting business owners and rental property claims under the microscope. In response, we’ll come up with a tax strategy that’s safe and smart.

I’d like to set up a meeting to discuss some options with you. In the meantime, I’ve collected a few articles that lay the groundwork for our conversation:

Be careful with rental property tax claims

Inheriting foreign property

Making interest payments deductible

Save tax on company cars

Tax collectors eye business owners

Dispute an unfavourable tax assessment

Your taxes will be well taken care of.



Originally published on Advisor.ca

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