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Lease vs. buy: How to get a new car that maximizes tax savings

Our lease on our Honda Odyssey was ending coming October. One of our friends got a plug-in hybrid earlier this year.  This plug-in hybrid is considered a “green vehicle” which would allow him to drive on HOV lane on 400 series highway. For…
buying Pre-construction Homes
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Case Study Follow Up: 5 Lessons Learned from Lily Buying MULTIPLE Pre-construction Homes

This is a special week for our family. We got to celebrate Fathers day with my father-in-law. We got to welcome the family of Sharmein, who’s our kids’ nanny, to our house. They arrived Tuesday evening. Sharmein understandably…
7 Steps You Must Take When Setting Up a New Corporation
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7 Steps You Must Take When Setting Up a New Corporation

Thursday is the election day in Ontario. It is so disheartening to see how much "new spending" is promised across all parties. Liberals don't look like they have a chance, but the options remaining aren't any better. This Global &…
UNPAID TAXES
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5 Lessons Learned From $600 Million Unpaid Taxes

I hope everyone had a great May long weekend. We spent our weekend at one of our favourite cousin's wedding. My kids were the ring bearer and flower girl. They had never been to a wedding before, let alone being part of the party.…
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6 Tax Tips That Flippers or Renovators Should Not Miss

With the 1 million immigrants coming to Canada in the next 3 years (historically about 40% come to Ontario), it’s almost inevitable that we'll have housing shortages and crazy rental increases. It’s basic economic principal – supply…

Birthday Celebration & 2 recent court cases on New Residential Housing Rebate

I passed another birthday during our week at the cottage. When we got back, Erwin, being a wonderful husband, took me to Blacktree Restaurant in Burlington to celebrate.   It was a fantastic dinner, I enjoyed every single bit of it.…
HST Questions

5 Common HST Questions When Building or Substantially Renovating a Property

How was your long weekend? Victoria Day long weekend is always fun in our neighborhood. One of our neighbors organizes an annual fireworks event every year. This year as a collective group, we spent over a thousand dollars on the fireworks.…
hst quick method
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HST Quick Method: A Simple Secret for Keeping More Money in Your Pocket

It was holiday season and it’s always great time to get together with friends & families. We had four straight days of partying and now we are back to work. For our kids, this is the best time of the year as they receive so many…
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New Residential Housing Rebates: You May Lose Them in These 4 Common Scenarios

On this past Election Day, I ended the 6 week fitness challenge at our gym. We did a few workouts and achieved all our personal records on certain lifts. I did 185lbs deadlift x 3 reps (never had I done this weight before, let alone…
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4 Recent Tax Updates That Would Affect Principal Residence Deduction

It’s getting cold. Before it gets to freezing cold, we took our kids to a nearby farm to pick apples this past weekend. As we parked our car to enter the farm, we saw two bus loads of Chinese tourists entering the farm. I don’t…