News   GLOBAL  |  Apr 02, 2020
A Message to Our Readers
 11K     0 
News   GLOBAL  |  Apr 01, 2020
EarthCam Time-Lapse Documents Rafael Viñoly-Designed New Stanford Hospital Construction
 43K     0 
News   GLOBAL  |  Apr 01, 2020
Resort Town
 6.6K     0 
Yes, it probably has redevelopment potential sometime in the future, but with other empty lots currently languishing downtown now and nothing big being built right now,whoever buys it perhaps needs to focus first on making use of what is there and maintaining it for at least several years. We really do not need another building downtown demolished and turned into an empty lot or a parking lot.
 
With your financial support, this could be Edmonton's skyline in 2027.
1770412782930.png
 
^
This may be a very good emotional investment but, in addition to all of the other risks inherent in any real estate investment, it’s likely to be an extremely illiquid one… If the emotional investment is attractive enough to make, it should only be done with long-term “ unencumbered free cash”.
 
^^as with any real estate play, however small, not for the faint of heart.
^ also TFSA eligible. I plan on being in this for the long haul. If I get any sort of income or eventual capital gain, great. If not, that is fine too. As on old, retired guy of modest wealth, I feel like this is one small thing I can do to help our beleaguered downtown.
 
JNO1 said:
^^as with any real estate play, however small, not for the faint of heart.
^ also TFSA eligible. I plan on being in this for the long haul. If I get any sort of income or eventual capital gain, great. If not, that is fine too. As on old, retired guy of modest wealth, I feel like this is one small thing I can do to help our beleaguered downtown.
Click to expand...
^
These are structured to be RRSP and TFSA eligible (the other local one was the strip mall on 95th Street just south of the park and across from the Italian Market and Zocala) in order to access RRSP or TFSA funds from individuals who don’t otherwise have access to the cash required.

That doesn’t actually make them good RRSP or TFSA investments. RRSP’s are primarily designed to shelter ongoing investment incomes and capital gains but all withdrawals are fully taxable including the withdrawal of initial contributions (which are tax deductible but it’s effectively a deferral not an exemption). TFSA’s are primarily designed to shelter capital gains and, to a lesser extent, income and contributions are made with after tax dollars and all withdrawals are therefor tax free (profits and initial contributions).

If an investment isn’t expected to provide either income or capital gain at levels that would increase annual tax liabilities, it’s actually better off being made outside of an RRSP or TFSA where if there is ultimately a capital loss it can then at least be used to offset equivalent taxable income. Given both RRSP’s and TFSA’s have legislated limited contribution limits, this might not be a suitable allocation of funds from either one.

These are all very personal and unique decisions based on individual circumstances and I’m not trying to talk anyone into or out of anything, just pointing out that they are multi layered decisions and anyone contemplating them should get competent professional advice to make the right one for them.
 
Last edited:
You must log in or register to post here.

Back
Top