Property Aquisition:Personal or Corporate?
When acquiring an investment property for the purposes of 'buy & flip' or 'buy & rent' is it better to purchase the property in your personal name or in a corporation?
I understand taxes on rental income in a corporation are 45% but personally they range from 25%-39% depending on the amount of income.
I have heard it is prudent to buy in the corporations name due to liability but thte taxing seems to be high.
Thanks for any insight you can offer.