The CRA's Recent Court Order on Real Estate Flipping

How did you spend your Thanksgiving this past weekend? We spent the Saturday with a bunch of Superheroes delivering food baskets to 300 families at the Hamilton Basket Brigade . Delivering to 300 families was no easy job.  Normally,…
, ,

Retiring on Real Estate

Real Estate is still the best retirement option you can find out there. Erwin and I are a very fortunate couple.  In the past few years, we have been able to enjoy a week with our family at our friends’ family cottages up north. This…
,

Estate Planning Tip: Be Aware of these Pitfalls Using this Strategy to Avoid Probate & My Miracle Morning Routine Revealed

I listened to the audiobook The Miracle Morning written by Hal Elroy.  It was nothing that I didn’t hear before, but it serves as a great reminder for me to continue my early morning commitment. Recently I have been slacking a bit with…
,

You Need to Use the '5 Second Rule' to Get Anything Done & Here's Why the 15% Foreign Buyers Tax Won’t Work

Many of you have probably heard about 5 second rule before.   Usually it is related to dropping food on the floor, but if you pick up the food within 5 second, you can still eat it. The 5 second rule I am talking about is a book written…

Little Known Tax Impact of Refinancing Your Properties

“Some people dream of success while others wake up and work hard at it” ~ Napolean Hill. Although I didn’t grow up in a wealthy family, my parents worked extremely hard to provide everything we wanted in our lives for us. As…
,

How to Lower Your Taxes by Distinguishing Between Capital Gain and Income

Over the years, I’ve met a few people that would be so concerned about paying taxes that they would not invest at all. I also have a few people who put so much attention into deducting personal expenses even though they aren’t doing…

Estate Planning: How to Lower Your Estate Tax Using this One Strategy

Happy 2017! I have had quite a dramatic end to 2016. As a real estate investor, it’s often considered the worst nightmare that you find out your rental property got flooded in between the holidays. That’s exactly what happened…
, ,

Estate Planning: What Happens after Happily Ever After?

I always have great conversations with my bookkeeper. Her name is Lihua. She lives close to me and was really just looking for a part-time role working from home and we clicked immediately. She’s been a stay at home mom for years to…
, ,

How to deduct start up expense (coaching & membership) before purchasing a property

I recently joined the 5am club. You know how people say that all successful people start their day early – that is NOT the reason for me. I did it simply because – by looking at my daily routine with two kids, I feel that starting…
, , ,

5 Reasons Why You Should have Separate Bank Accounts for Business/Investment

Be grateful. Hussle. Work hard. “Beneath every excuse is a fear. Fears are bravery training.” “Small daily improvements over time lead to staggering result.” “#1 reason to make a massive amount of money is philanthropy.” These…