Category: Real estate corporations

A couple of clients recently asked us about Smith Manoeuvre, I would use today’s post to share with you how it’s done and how it can increase your tax deduction.  Step 1:  Get a re-advanceable mortgage on your primary residence/personal...

First and foremost, thank you so much for all your emails about Bruce.  He’s home now and his left cheek goes back to normal. He was admitted to the hospital this past Sunday.  A minor fall caused an infection on...

It was a fun and interesting week last week.   We originally planned to go up north, and spend some time at our friend’s cottage.  Things changed last minute and we cancelled our trip.  Since I had the entire week blocked...

One of the most common misconceptions is how we calculate capital gain tax on sales of property.  Many real estate investors would estimate their taxes on a cash flow basis: Net sales proceeds – mortgage balance This may be how...

Erwin and I have scheduled date nights weekly.  It’s not easy to commit to these dates regularly.   Putting it in our schedule is one thing, making time for each other and going on a real date is a different thing...

Last week, I discussed the process of applying for the CEBA loan under the expanded criteria. I also got a chance to be interviewed by one of the best real estate coaches, best-selling author, Russell Wescott, aka the JV Jedi....

Happy belated Canada Day everyone.  Coincidentally, Canada Day is also the changeover anniversary day of my homeland, Hong Kong, from UK to China.  It’s a bitter-sweet day for people who still have ties over there.  On this anniversary day, China...

Our office is finally complete and we’re officially open as of last Thursday.  It isn’t particularly easy the past few months.  Tax season, COVID-19 lock down, to office opening, we’re extremely fortunate to work with an amazing team that supports...

How to Buy Primary Residence Using a Corporation It’s a big day here in our new office.  We’re expecting new furniture to come in and security system to be installed.  I got into my car at 8:30am, turned on my...

It is almost end of the tax season.  We see cherry blossoms everywhere.  Weather is warming up and I hope you guys got to enjoy some sunshine these days.  It feels like it’s the nature’s way to tell us to...