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Try this Little Known Secret to Stress Test your Portfolio for Interest Rate Hikes & a 2-Step Test to Determine Your Working Relationship as Subcontractor or Employee

We finally managed to purchase a new rental property and take advantage of the equity in our properties. We signed the mortgage paper on our refinancing and new rental property purchase yesterday. And then Bank of Canada finally announced…
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Estate Planning Tip: Be Aware of these Pitfalls Using this Strategy to Avoid Probate & My Miracle Morning Routine Revealed

I listened to the audiobook The Miracle Morning written by Hal Elroy.  It was nothing that I didn’t hear before, but it serves as a great reminder for me to continue my early morning commitment. Recently I have been slacking a bit with…
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6 Lessons I Learned from My 14th Tax Season

Last week was a hectic week for me.  I presented at my client, Martin Kuev’s Meet Up group in Vaughan, educating over 40 investors on whether they should incorporate to own their rental portfolio or not. If you are interested in learning…
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You Need to Use the '5 Second Rule' to Get Anything Done & Here's Why the 15% Foreign Buyers Tax Won’t Work

Many of you have probably heard about 5 second rule before.   Usually it is related to dropping food on the floor, but if you pick up the food within 5 second, you can still eat it. The 5 second rule I am talking about is a book written…
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4 Tax Lessons Every Small Business Owner Needs to Follow

Recently I had a couple of gatherings with my old accounting firm colleagues.   Back in the day, in order to get licensed we were required to work in an accounting firm to get experience.  Many of the junior staff were indeed fresh grads…
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Budget 2017: What You Need to Know as Small Business Owners & Real Estate Investors

This week marked the completion of our Crossfit Open 2017.  It’s my first time participating in it and it was a lot of fun. I mentioned in my last blog post that I belonged to this 18-34 age group, mixed together with the best…

Canada Pension Plan: A good or bad investment?

I’ve been doing cross-fit for three years on and off.  I still consider myself a beginner but I have to say, I’m a more experienced beginner now than a couple years back.  There’re still lots of movements that I can't do, such as handstand…
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How to Understand the Canadian Personal Tax System & 3 Successful Factors that can Change your Life

I signed up to commit to a 21-day challenge to wake up at 4:30am every morning for 21 working days. Most of you probably think I am crazy. You might be thinking waking up at 4:30am is not possible. I have to admit that it was tough…
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4 Tips on Cutting Your Tax Bills for 2016

Erwin and I went on a cruise. Just the TWO of us. Woo-hooh! We are so lucky that my mother-in-law agreed to help take care of the kids. For the first time since I have become a mom, Erwin and I travelled together without our children. I…
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How to Deduct Home Office Expenses for the Self-Employed

(Our last group workout at Radix Performance in Oakville. Source.) A few of my friends become first time moms recently. Being a new mom is not easy. Your body has to heal. You have to learn to breastfeed and you now have another life…