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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…
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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…
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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…
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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…
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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…
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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…
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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. …
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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.…
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How to Turn Cash Back Incentive into Tax-Free Money

Did you all have a great long weekend? Canada Day long weekend is always special in our family. My wedding anniversary is on this weekend, while my son’s birthday is also close enough that we all get to celebrate everything all at…
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How to Win Like Toronto Raptors

Raptors won the NBA World Championship in 2019.  I can finally sleep well and go back to my normal routine. Watching the NBA finals at 9pm was tough for me.  9pm is usually the time that I go to bed, relax and wind down to fall…