E083 Is Trudeau's Capital Gains Plan a Done Deal?

Become an REI Hot Seat Insider: https://submit.jotform.com/info_Admin_info831/rei-hotseat-insider-sign-up-form In E083, Jacob Campagnaro and David Hulshof join us for a discussion on the current capital gains situation. Many think it's a done deal, but we're not so sure. David mentioned an article indicating that these changes haven't been finalized yet. As of April, it still needs to pass through both the House and Senate. If anyone has more information, please share in the comments. There's confusion around Trudeau's budget proposal and circulating videos. Despite the uncertainty, people are making significant decisions based on the assumption that the changes are imminent. Some are even willing to take losses to sell quickly, fearing increased taxes. It's crucial to stay informed and avoid acting impulsively. Consult with your accountants and legal advisors before making any hasty decisions. While there's always a risk with investments, base your actions on solid information and strategy. In summary, while the capital gains situation is still uncertain, it's causing significant market activity. Stay informed, consult experts, and make strategic decisions based on accurate information. Build Your Portfolio Of Hassle-Free U.S. Real Estate (SHARE Partnership): http://bit.ly/sharesfr Andrew's linktree : https://linktr.ee/theandrewhines REI Hot Seat Instagram: https://www.instagram.com/reihotseat/ E083 Is Trudeau's Capital Gains Plan a Done Deal? 0:42 - Capital Gains Situation Overview 2:14 - Market Reactions and Investor Moves 3:14 - Uncertainty and Legal Loopholes 10:16 - Potential Long-term Strategies 11:43 - Effects on the Market 12:10 - What Should Sellers and Investors Consider Doing? 12:50 - Investor Mindset and Decision Making 18:19 - Conclusion Disclaimer: This episode, as with every episode of this show, should NOT be considered as advice. Investment advice is NEVER given on this show. Always consult a competent investment advisor before making an investment decision. --- Andrew Hines is a seasoned real estate investor, business-builder, educator, and podcast host, well-recognized for his extensive experience in the field. Andrew graduated with an HBA from the Richard Ivey School of Business in 2008 and spent three years teaching introductory business at Western University as a Lecturer. He has been investing in real estate since 2011 and completing value-add projects since 2015, primarily in the luxury student rental space. Andrew started a project management company for building out new-construction townhomes in 2016 and has since built over 50 residential units throughout Southwestern Ontario. Andrew is an advocate for treating real estate investing like a business and uses his experience in his educational endeavors, coaching numerous investors on strategies to achieve financial independence and scale their portfolios effectively. His podcast, "The Andrew Hines Real Estate Investing Podcast," serves as a platform for sharing insights, strategies, and success stories, connecting a community of like-minded individuals passionate about real estate investing. With a background that blends practical investing experience and investor-focused work, Andrew has become a pivotal figure in the Canadian real estate investing community.