Category: Real estate investment

I recently had a consultation with a prospective client.  She asked me the following question,  “I’m considering turning my current primary residence as a rental.  I’ll use the HELOC that’s already setup on this property and use the funds to...

Our office has been flooded with phone calls on realtor incorporation and I completed our very first realtor incorporation webinar last night.   Thanksgiving is just around the corner.  There’s so much to be grateful for, despite part of Ontario is...

October 1 seems to be the day that Ontario Realtors can setup a Personal Real Estate Corporation (PREC) to own their business.  The reality is that the legislation has not been announced.  We’re still waiting.   But this does not...

I just received a couple of emails from clients telling us that they got their CEBA loan approved.   CEBA loan application deadline has been extended to October 31.   It’s always heartwarming to see clients’ messages thanking us for hosting the...

Hope you guys enjoyed the last weekend of August.   It’s hard to believe that we’re already in the middle of September and my kids are expected to go back to school next week.  We managed to spend the last weekend...

Life is all about perspective.  Yesterday, I got 4 back to back calls from my tenant in Toronto, while I was having my best round at golf this year.  The last time I got 4 back to back calls from...

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...