Backgound check- In Canada and US

Tenant Screening, Landlord Screening, Online Tenant Screening, Tenant Screening Checks, and Tenant Screening Credit Checks

Information accessible to every landlord

This blog is the result of countless hours of research over the internet. We have tried to put together some of the services that you as a landlord would need.. Criminal and Credit check, free advertising of your property, Collection agency, Security cameras, legal forms, informational web site for each of the states in the US and in Canada to cover all the laws concerning Landlord and Tenants, etc. Each week I will try to add more and more useful information that applies to landlords. I have rental property in both the US and Canada. Read about my nightmare tenant and you'll see why it is important to follow all the steps. Taking the time now, will eliminate future financial headaches. I will post as many tips to help you out as I can. There is nothing like a nightmare tenant to motivate a landlord to put the case on the internet. After winning my case against this tenant I decided to make my case public. Although I won, I still cannot collect my overdue rent and legal fees in excess of $12,000,-- In addition I put the amounts owed through small claims court and only claimed $10,000. This amount will forever be in his file. The important issue, we were able to evict him. Nothing worse than a tenant who is not paying and you unable to evict him. Read my story and you'll see why.

Monday, November 15, 2010

Canada - Ontario Tax tip #2 - for CCA highlights ( new class 52 at 100% depreciation allowed

Capital Cost Allowance – Depreciation- 100%- this means the full amount is deductible
A new class has been added Class 52-  This includes general purpose electronic data processing equipment, commonly called computer hardware and systems software for that equipment including ancillary data- processing equipment, acquired after January 27, 2009 and before February 2011.  The CCA rate is 1005 and the half year rule will not apply.  Further info on page 20 of the guide

Remember: Depreciation can only reduce your income to zero. It cannot produce a loss.
Another tip:  your car is one of your greatest assets that you can claim depreciation.  This will be covered in the future.
You can also claim depreciation on your building that you rent, but remember that the depreciation will have to be added to the sale price when your capital gains are calculated.  You may want to keep that last deduction as a last resort. 

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