,

How to Shelter Taxes in Canada for Foreign Investors

It’s been a long history that Chinese families like to send their kids away for school for different reasons. My dad grew up in a communist country. Even in a communist system, the families were ranked. The higher the ranking, the more…
,

The Guide to Airbnb taxation to Real Estate Investors

Last week I finally found a place in Florida to stay for our February trip. Last year, we planned a cruise trip. Like all the cruise trips we had been on, we booked an early flight to Fort Lauderdale the day the cruise set sail. I am a…
,

How to Deduct Your Home Mortgage Interest Using the Cash Flow from Your Rental Properties

For the majority of Canadians, we start our investing journey with saving up a sufficient downpayment to buy our first home. Over time, we pay down our mortgage. Our properties appreciate in value. Some people choose to pay off their mortgage…
,

Buying Real Estate in the US? Be Aware of All Potential Pitfalls

Erwin and I were very lucky to score a pair of Blue Jays playoff tickets last minute on Monday for the fourth game. For all the time I’ve been in Canada, close to 20 years now, the Blue Jays have never once been in the playoff race. The…
,

The Little Known 4 Year Extension on Principal Residence Exemption After You Move Out!

Congratulations to my brother in law, Tony, who has recently become a real estate investor. He’s in the process of turning his principal residence into a rental property and planning to rent afterwards. Most real estate investors are aware…
, ,

Bruce Wayne’s Future Education: Why the 20% “free money” from the government really isn't worth it?!

Hello real estate investors, We have nicknamed our son Bruce, Bruce Wayne (Batman), ever since we found out he’s a boy from the ultrasound. We are so used to this name that we decided to name him Bruce. Too bad we are not parents of…
,

Our Children’s Future Education: Using Real Estate Instead of RESPs

It’s difficult for me to picture how I will be when this blog post is posted. My son, Bruce, will be a week old and I will be exhausted. Last blog post, I discussed how we got ourselves ready for our first baby, Robin. We purchased a house…
, ,

The Person Who Signs Your Paycheck Controls Your Life

“The person who signs your paycheck controls your life. Shouldn’t that person be you?” ~ Robert Kiyosaki I just saw this quote from Robert Kiyosaki’s facebook page today. Many of us know him as the author of “Rich Dad Poor Dad”.…
,

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…
,

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…