The Amazing Secrets of Deciding to Take Out Your RRSP Money to Buy Properties Revealed!

It was a beautiful weekend full of love. We spent Saturday hosting the monthly Mr. Hamilton meeting at Rock Star Brokerage’s office. We then spent a weekend with our families celebrating Father’s Day. Erwin, my husband, and his team…
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Discover 4 Little Known Exceptions to Deducting Repairs & Maintenance Expense and 3 Common Real Life Examples

Before the last blog post about the Federal budget update, we discussed the tax difference between repairs and capitalized expense. We also discussed the criteria used by CRA to evaluate whether an expense is considered current or capital in…
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How to deduct full mortgage interest when turning your home into a rental property

Saving money is difficult here in Canada, especially in Ontario. When the government is charging over 50% personal income tax rate, for every dollar you make above the top bracket, you are only left with less than 50 cents to spend. My…
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3 Things You Need to Know About Deducting Your Line of Credit Interest

My real estate investing journey starts with the Toronto townhouse that I bought for myself. It has been fantastic and I couldn’t be more grateful to own this place. Within the first year, I refinanced it to take out sufficient amount to…
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How to Deduct Capital Cost Allowance in the Most Tax Advantageous Way?

I used to be afraid of public speaking. It made me sick just thinking about speaking to a crowd. Last Saturday I spoke at the Rock Star Member Event. There were 600 people in attendance! Amazing crowd as always! I was nervous at the…
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6 Tax Changes Coming in 2016 that Will Affect Your Real Estate Investing

Happy New Year everyone! I hope everyone got to enjoy the holidays as much as I did. I surely had a great time hosting a large Christmas party for our family this year. Thanks to Tony, my brother-in-law, we were able to enjoy some delicious…

The One Common Thing Between Real Estate Investment and Doing Pull Ups

Being an entrepreneur is not easy. The first person you have to fight against is yourself. When I was in the corporate world, the first thing I did when I got to the office was to log onto Facebook. After I started at real estate investing,…
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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…
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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…
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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…