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2 Strategies to Reduce Your Capital Gain Tax at Year-End

Recently I finished listening to the book Leaders Eat Last written by Simon Sinek. There's a lot of great advice, as usual, by Simon.  But one of the ideas that sticks with me the most was his comment about American politicians in the past…

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,…
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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…
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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…
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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

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…
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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…
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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…
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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…