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Principal Residence Exemption - Part1: What I learned from the most recent Professional Development course

March break is underway. With the interest rate reduction announced earlier by Bank of Canada, spring market seems to be hotter than ever. Many people are interested in investing in this real estate market, especially the condo market. Recently…
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Tax Filing Deadlines and Penalties

Have you been enjoying the warmer weather outside yet? Despite the great weather, I am not as lucky as my little one, who gets to enjoy the outdoors everyday. We are in the middle of March, usually the toughest time of the year for accountants…
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How Can You Use Your RRSP to Invest in Real Estate?

Many investors ask me how they can invest their money within their Registered Retirement Saving Plans (RRSPs) in real estate without collapsing the plans and incur a large amount of tax liability. (This article applies to Registered Education…

TFSA or RRSP: Where Should You Put Your Money?

Being a busy mom with a one year old toddler and a small business owner, it isn’t exactly easy to find time to read. Audible has actually become my best friend over the last few years. (For those of you who don’t know, Audible is owned…
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Save $1000s in Tax Liabilities with the Proper Share Structure in Your Real Estate Corporation

Hello fellow real estate investors, Happy Chinese New Year everyone! It is the year of Goat in 2015. Our family wishes everyone a happy and healthy and prosperous year of Goat. Believe it or not, according to this Astrologer from Fortune.com,…
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How to Look at the ROI on Your Investment Property the Right Way

Recently, I had a few discussions with clients that complained about not getting sufficient cash flow from their investment. Cash flow may be one measure to evaluate your investment return, but you also need to take into account 2 other components: Mortgage…
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Earn Money by Preserving the Principal Residence Exemption Status of Your Home!

As real estate investors, I would assume the majority of us have read the book Rich Dad Poor Dad written by Robert Kiyosaki. It was the book that changed my life and my perspective on money. Being a Chartered Accountant, I was blessed to…
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A Little Know Secret About HST Tax and How it can Impact Your Real Estate Business

In my last blog post, we talked about what the Montreal woman should have incorporated and how she should have reported the income as active business income to avoid the expensive tax in flipping houses. Unfortunately, income tax is not the…
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Montreal Woman Gets Slapped by CRA: What You can Learn and Need to know from Her Shortcomings

Happy New Year everyone :) My family and I just came back from one week long vacation in Florida. Despite the flight delay which caused us to miss the cruise we were supposed to go on, the weather was fantastic and the Ft Lauderdale beach…
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Happy Holidays: Your Last Tax Tip Before the End of the 2014 Year!

I can’t believe that it's almost the end of the year. I would like to start off with a 'thank you' to everyone who has made our lives special this year. Our biggest blessing this year is the arrival of our lovely daughter. She’s made our…