Tax Questions
, , ,

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…
, ,

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
,

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
, ,

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,…
, , ,

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…

The Tax Impact of Bitcoin and Cryptocurrency & One Last Tax Strategy Before the End of 2017

Bitcoin and cryptocurrencies seem to be a hot topic nowadays, so much so that one of my clients called to ask me the tax implications of trading them. The truth is, I know very little about bitcoin. I do, however, know a lot more about the…
,

Frustrated With Organizing All Your Receipts? Take a Look at Some of These Accounting Software Solutions

I came across a National Post article about Ontario's fiscal update last week.  According to this article, with Ontario being the largest province in Canada, personal income tax revenues came in short by $2 billion than what the forecast in…
, ,

#MeToo and Update on the Proposed Tax Change

Most of you have already heard of the sexual harassment stories of Harvey Weinstein, the powerful American film producer, who allegedly used his position to sexually harass and assault many actresses. Many actresses spoke up about Harvey…