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How to Maximize HST Claims When Purchasing a New Vehicle

My cousin got married in May 2016 in Hong Kong. Robin was 2.5 years old, and Bruce was 10-month-old at the time. We would have cramped in a less than 800 square foot condo one bathroom with a total of 4 adults and two kids with my family…
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6 Little Known Facts About Structuring Joint Venture Deal in Real Estate

Back to school week! My daughter is in Junior Kindergarten this year. Since she had been in half day daycare five days a week last year, I didn’t expect to get emotional when she’s off to the full-day kindergarten on Tuesday. I…
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Contractors: Here’s a Quick Guide to Progress Billing

Thank you for the overwhelming feedback for my last week’s blog post about my dad. I am extremely grateful to be able to share such an inspiring life story. I consider myself as a gritty person because I have the best examples in my life…
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Ontario Landlord Watch Conference & 3 Common HST Scenarios When Building a New House

Today, I got the opportunity to speak to Kayla, the founder of a group called Ontario Landlord Watch. She has started Ontario Landlord Watch initiative since 2010, acting as a voice to our government advocating fairness among landlords…
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5 HST Planning Tips for Developers and Builders

This summer has been tough. A close client passed away suddenly at the age of 52, leaving his wife, his children, his family, friends and JV partners all in shock. At the visitation of his funeral, packed with his friends and families,…
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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…