Cherry, Author at Real Estate Tax Tips

8 Factors to Consider Before Becoming a Commercial Plaza Landlord

8 Factors to Consider Before Becoming a Commercial Plaza Landlord

I used to do property management for a few commercial plazas. They are mostly located outside of Toronto. One of them happened to be in Burlington. Because the operation was small, I did everything. From rental contract, real estate agent...

January 19, 2018

Judge Provides Interesting Comments During a Court Case on Unreported Condo Sale

Realtors/real estate agents

Judge Provides Interesting Comments During a Court Case on Unreported Condo Sale

I am not perfect. I am far from perfect. A client of mine and I were in a self-learning seminar earlier this week. I shared part of my everyday struggle with the group. At the end of the session, she...

January 12, 2018

Small business and real estate

Be the Best You Can Be in 2018

Wow, it’s already 2018. We were busy over the holidays. Our small charity had delivered food baskets to another 300 families. In 2017 alone, this small charity that we started had delivered to more than 900 families across Southern Ontario....

January 5, 2018

Happy Holidays and Update on Proposed Tax Changes

Small business and real estate

Happy Holidays and Update on Proposed Tax Changes

Today is December 22! 9 days before end of the year. We spent last week “vacationing” on a cruise with two young kids, my mother in law and our Italian mother Maria. We booked this cruise a year ago...

December 22, 2017

The Tax Impact of Bitcoin and Cryptocurrency & One Last Tax Strategy Before the End of 2017

Other tax issues

The Tax Impact of Bitcoin and Cryptocurrency & One Last Tax Strategy Before the End of 2017

Bitcoin and cryptocurrencies seem to be a hot topic nowadays, France is even beginning to sell Bitcoin in its tobacco shops! The hype surrounding cryptocurrency has caused my clients to call to ask me the tax implications of trading them. ...

December 14, 2017

The Future of Accounting is Mind Blowing & Interest Deductibility on Shareholder Loan

Small business and real estate Uncategorized

The Future of Accounting is Mind Blowing & Interest Deductibility on Shareholder Loan

I attended Quickbooks Connect 2017 in Toronto last week. It was the first year that I attended. I got to speak at one of their events, and I was completely blown away from the value I got out of it....

December 8, 2017

2 Strategies to Reduce Your Capital Gain Tax at Year-End

Capital cost allowance Real estate investment

2 Strategies to Reduce Your Capital Gain Tax at Year-End

Recently I finished listening to the book Leaders Eat Last written by Simon Sinek. There’s a lot of great advice, as usual, by Simon. But one of the ideas that sticks with me the most was his comment about American...

December 1, 2017

Frustrated With Organizing All Your Receipts? Take a Look at Some of These Accounting Software Solutions

Other tax issues Small business and real estate

Frustrated With Organizing All Your Receipts? Take a Look at Some of These Accounting Software Solutions

I came across a National Post article about Ontario’s fiscal update last week. According to this article, with Ontario being the largest province in Canada, personal income tax revenues came in short by $2 billion than what the forecast in...

November 23, 2017

The Other Side of Real Estate Investing Nobody Talks About

Real estate rant

The Other Side of Real Estate Investing Nobody Talks About

We are real estate investors and coaches. As coaches, we tell our clients to hire property managers. As a minimum, we tell them to budget for property management fees. Both residential and commercial property maintenance are very important. Both Erwin...

November 16, 2017

5 Impacts on Transferring Rental Properties into a Corporation

Articles Corporation Real estate corporations Real estate investment Real Estate Investors Rental Property

5 Impacts on Transferring Rental Properties into a Corporation

Real estate investors usually start investing in their personal names. It’s easy, simple, and the cheapest form of ownership. Once they test the water, many of them decide that they will continue their investing journey. Some investors even take it...

November 9, 2017

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Author: Cherry