Entries by Cherry

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How to Apply for $40K Interest Free Loan as Real Estate Investors and Realtors

It is almost end of the tax season.  We see cherry blossoms everywhere.  Weather is warming up and I hope you guys got to enjoy some sunshine these days.  It feels like it’s the nature’s way to tell us to get out of this pandemic and get back to our normal lives slowly.   Businesses are […]

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A Simple Way To Avoid Capital Gain Tax When Moving to a Rental Property

It has been a few busy weeks here at our little home office.  From following all the latest and greatest COVID-19 government measures, reviewing clients’ tax returns, learning to stock hacking, to managing the office renovation, we have not slowed down a bit.  It hasn’t been easy with the unknown.  I had doubts about renovating […]

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The Hidden Tax Risk In Arranging Payment Plans with Tenant

I have been on a few webinars lately sharing my insights/interpretation of the latest government programs.  There was one question that I thought that would be useful for all my landlord friends out there.   If you offer a payment plans to your tenants, you may be exposing yourselves to these two hidden tax costs.  Tax […]

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2 New COVID-19 Government Programs that Help Landlords

I can’t believe it is May 1 already.   If there was no lockdown, today would have been the day that I could finally relax from the busy tax season.  Instead, we’re still “stuck” at home, following all the latest and greatest programs released by the government.  Today is also the student rental turnover day for […]

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Top 3 Government Programs Assisting Canadians Financially Against COVID-19

The Ontario Premier just announced that we’re extending the lockdown until mid May.  All non-essential services are not allowed to be open until then.  I’m not sure about you, I’ve also been feeling a bit paralyzed.   We’re trying to contribute and we’re trying to give back.  As an accountant, the easiest thing I can do […]

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8 Top Support Measures Provided to Tenants, Self-employed individuals, and Small Business Owners

It’s been a roller coaster ride since last week.  New coronavirus cases are announced everyday.   It feels like government policies are changing by the minute.   March break has been extended.  Canada is shutting down the border.  New death toll announced in Italy. New measures are imposed to get ahead of the curve.   Everyone is on […]

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7 tips to prepare for coronavirus as real estate investors

A couple weeks ago, when the stock market went down substantially, one fellow real estate investor made a comment saying that her real estate investment didn’t get affected and it was still going up and up.  At the time, coronavirus hadn’t been considered a pandemic yet.  My perspective was slightly different.  My family and friends […]

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How to Qualify for 100% Financing Using Business Income

It’s been a bit of a stressful period since the Wealth Hacker Conference last year.  We decided that it was time to have our office space shortly after. This means we must make the decision on renting vs. buying, where we would look and potentially qualifying for financing. It didn’t take much time for me […]