My question is: Canadian-specific
QUESTION: Hi David
Really enjoy reading your comments. My question is: - I own a rental house (Fraser Valley) that has gone up by 200% in value in the last few years - is there any option to transfer the asset into an RRSP? - If there is would you suggest it? If down the road - I choose to sell, is there any way to keep the amount paid in capital gain taxes to the very minimum?
The other option I am looking at is getting another rental property or two - at what point would you go from a sole propriatorship to a formal company? Thank You
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