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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…
What Everybody Should Know About Doug Ford's Tax Change
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What Everybody Should Know About Doug Ford's Tax Change

Joanne and I, and 80 other entrepreneurs spent two days at the Rock Star Entrepreneur Summit in Oakville. Over the past few years, I've attended at least five different conferences. I'm just blown away by how practical the information is…
3 Investment Tips Every Real Estate Investor Can Benefit From
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3 Investment Tips Every Real Estate Investor Can Benefit From

This past week went by fast. It was a fun filling weekend with my mom and my family. We took the kids to a Pirate show downtown Toronto. We even got my mom, who's usually serious, to dress up! My mom is my superhero. She's inspired me…
Tax Questions
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6 Common Tax Questions Asked by Top 200 Realtors & Investors

Happy Mother's day to all of you. It's a special year this year. I finally got to spend my mother's day with my mom, the superhero in my life. 😊 She's in town to visit for a week, spending some quality time with us and enjoying…
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Case Study: 5 Lessons Learned From Lily Buying a Pre-Construction Detached Home

I guess I wrote a somewhat controversial blog post last week, causing a few comments on the Facebook. For the parents out there with young kids, I want to make this point clear – I am not opposed to free daycare.   I have two young…

3 Sad Facts About Ontario’s Free Daycare Proposal

There’s no free lunch.  Or, is there? Ontario Premier Kathleen Wynne just announced a free daycare proposal. She's going to implement free daycare by 2020 for children over 2.5 years old until they are old enough to go to kindergarten.…
deficit

How to Hide a $1.4 billion Deficit and Not Go to Jail

March is an exciting month for me. For one, I am almost certain that it will be the last March break that my older child will stay at home.  ☹  Next year, she’s going to JK and we will likely enroll her in a camp. (I can’t believe…
federal budget 2018
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Important Update on the Federal Budget 2018

I went to a conference in sunny San Diego for a few days last week. Like all the other conferences that I have been too, I learned a lot. Some are life lessons from Damon John and Dave Asprey, some are technical skills from various experts.…
7 bookkeeping mistakes
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7 Bookkeeping Mistakes a Real Estate Agent (and All Taxpayers) Should Avoid

Many people asked me how I did it – writing blog posts every single week for the last 3.5 years, accumulating over 150 blog posts today.  Trust me, it hasn’t been easy. I look everywhere for materials that can be relevant to my followers,…
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Top 10 Deductions a Real Estate Investor Should not Miss [Revisited]

2018 is an exciting year. I shared with all of you in an earlier blog post about my 'why', my reason for doing all that I do, which is to be the best I can be. To do this with my accounting practice, I’ve made some plans to provide…