#128: Daniel Dimanno - Tax Strategies, Market Trends & The Life Of An Entrepreneur

#128: Tax Strategies, Market Trends & The Life Of An Entrepreneur w/Daniel Dimanno

On this week's show Gary chats with good friend and trusted accountant for SmartHomeChoice Daniel Dimanno. Daniel has experience in both the public and private accounting sectors, and has been assisting clients for many years. He counsels clients on business structure, tax strategies and good business practices that WON'T get you into trouble with tax authorities.

WHAT YOU'LL LEARN:

• Whether you need to or should incorporate as a real estate investor
• If you incorporate, is the corporation's money YOUR money?
• How to borrow money from your corporation?
• How to and why you would sell your personal properties to your corporation
• What about dividends and profits?
• Why an accountant and bookkeeper are essential
• How to put family members on payroll
• Should you pay off your investment properties
• The difference between renovations and repairs
• What you CAN and CANNOT write-off
• Inflation right now
• CRA tax situations
• Setting up your own business
• And MORE!

Daniel's Bio

Daniel DiManno holds a wealth of experience and knowledge developed through years of working in the business and financial market place. His experience includes positions held with one of Canada's largest public accounting firms, where he worked with both large publicly traded companies and small to medium sized privately held businesses. He has experience both as a public and private accountant, working as an auditor and business advisor as well as holding accounting roles within the private sector. Daniel also has experience as an investment advisor, focusing on wealth management under the guidance and mentorship of senior investment advisors from one of Canada's top ranked investment banks. Specialties: Business Consulting, Tax Compliance, Financial Statement Preparation, Review and Audit engagement services for Manufacturing, Distribution, Real estate, property management, retail, logistics and financial services businesses.

Website/contact info for guest

Daniel DiManno, CPA, CA | Capstone LLP Phone: 416-551-0760 email: daniel@capstonellp.ca Website: capstonellp.ca

This episode proudly sponsored by Property Pathways - https://www.propertypathways.ca/

Property Pathways is an investor-focused architectural design service provider that specializes in secondary suite conversions throughout Ontario. We'll assist in developing a strategic design and renovation plan that will get the most out of your investment property.

Interested in learning more about Real Estate Investing? Visit https://www.smarthomechoice.ca

To learn more about Gary's mentorship program, visit https://garyhibbert.ca