Entries by Cherry

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The Proven Cash System That Works With All Entrepreneurs

On Wednesday, I got to attend a local Entrepreneur Organization Accelerator training day.  Entrepreneur Organization (EO) is a global entrepreneur network that helps small business owners to grow through networking and peer to peer learning.  Participants need to have a minimum revenue requirement to join EO.  My business isn’t there yet. 😉 That’s also the […]

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How to Hire Your Children and Split Income Legitimately

It has been an exciting week here at my household. Both kids are off to school. Yep, both Robin and Bruce are officially in full-day Kindergarten. We got a letter from his school about Bruce’s class placement. He didn’t get into the class we requested. You’re probably thinking now… Cherry must be one of those helicopter […]

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The HST Risk Hiding in Converting Commercial to Residential Units

Do you feel a bit chilly these days? It’s last week of August and we’re already at the low twenties.  Robin, my older kid, is counting down her days to start her Senior Kindergarten year.  I hope she would still look forward to starting school when she gets older.  Bruce, my son, on the other […]

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Why Incorporate When You Can Invest in RRSP?

You may have already known, I am an accountant. This means that I have to look at numbers all the time. I have always been equipped with two monitors, one from my laptop and one extra monitor. Recently I had the opportunity to upgrade my monitor.  I selected the 32” curved monitor from Samsung, a […]

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5 Reasons Why My Airbnb Doesn’t Generate As Much Income As Others

Airbnb is a great way to earn extra money.  It has become some of my clients’ side hustle.  A few of my clients become full-time Airbnb operators. We’ve heard how great Airbnb is and I’ve seen some crazy numbers. One of our properties was vacant at the time.  Erwin wanted to give it a try.  […]

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How to Pay Zero Personal Tax and Receive $30K Income Every Year

The first time I’ve heard of Jesse Itzler was at the Grant Cardone 10x Event earlier this year. Erwin and I were so fascinated by his speech and I immediately ordered his New York Times Best Selling book, Living with a Seal and the book written by this seal, David Goggins, Can’t Hurt Me: Master […]

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How to Use Buy Renovate Refinance Rent (BRRR) Strategy to Make 1.5 Million in 2 Years

We’re up north with the kids this week. My best friend, Monica, shared with me how great her experience with the YMCA Pine Crest family camp was, Erwin & I decided to sign up. We barely made the cut, as there’re only limited spots available. Kids get to do their own camp every day, but […]

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Tax Man Doesn’t Want You to Read This Court Case

Recently, I saw a headline, “Condo flippers beware: The taxman is watching you, and has new tools at his disposal to ‘take action’” on Financial Post. It’s an interesting case as the court sided with the taxpayer’s position.  Before I go into the nitty-gritty of the case, let’s revisit the basic tax concept. When you […]

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4 Reasons I Switched to A Fixed Rate Mortgage

If you don’t know already, the interest rate for a 4-year term mortgage was dropped to 2.95% for rental properties and 2.75% for a primary residence. I saw a few of these Facebook posts and I immediately reached out to my bank advisor. We had always been opted in for variable interest rate. Variable interest […]