, , ,

How a 220sf Condo Got 724% Return in 5 Years

It’s March break.  Between losing one hour of sleep and driving the kids around, I’m deep into tax season reviewing files and answering clients’ questions. It’s busy and difficult.  We’re super grateful that the local…
, , , , , ,

How to Split Income From Your Real Estate Portfolio Under the New Income Splitting Rule

Happy Valentine’s day everyone! It has been quite a week getting back from the sunny south to this winter wonderland. I just had a great conversation with my tax mentor, a retired partner at Deloitte to discuss the possibility of…
, , , , , ,

3 Short Videos on How to Pay Less Tax and Stay on the Right Side of the Tax Man

Snowstorms, extreme cold weather alerts, school closures, kids sick… those are just a few things that we, Canadians, have battled with this past week. Kids ain't afraid of the cold. Had so much fun making snow angel and sleeping in the…
, , , , , ,

A Simple Way to Minimize Taxes That Works for Airbnb Owners

New year resolution is tough. Waking up early is tough when you have an event the previous night. I’m already falling off the waggon on the 2nd week of January. But… it was a lot of fun doing a presentation on Airbnb.  I spent…
, , , ,

The Danger of Reporting Multiple Years of Losses

A couple of months ago, I met with a real estate investor for an initial consultation. As part of the process, I asked him what his long-term goals are.  He said, “I would like to give up my job one day to volunteer full time and give…
, , , ,

How to Pay 13.5% Small Business Tax on Rental Income

Did you see this headline – “Liberal government writes off $1.1B US loan, plus interest, docs show” on MSN.com? Federal government wrote off a loan made to Chrysler during the 2009 global economic meltdown. I believe in making progress…
, , ,

10 Lessons Learned From Analyzing Commercial Properties

A couple of weeks ago, Erwin and his friends found a mixed-used property that they’re interested in. The property is located on a busy street, across the street from a site that was sold to a developer.  This site will be home to a future…
, ,

One Tip on Startup & 5 Tax Considerations Buying a place for University Kids

We are back at the Realtor Quest this year. This is our third year at the event. It's always interesting to meet a few familiar faces and so many new faces. One realtor that I spoke with last year came up to say hi to me. He thanked…

The Other Side of Real Estate Investing Nobody Talks About

We are real estate investors and coaches.   As coaches, we tell our clients to hire property managers.  As a minimum, we tell them to budget for property management fees. Both Erwin and I are entrepreneurs, we have different businesses,…

The Proposed Tax Changes Won't Affect the Most Wealthiest Canadians

Recently I have been taking some portrait classes. When I was a teenager, one of my favourite things to do was to draw and paint. I did a lot of that in school.  At one point, I applied to become an architect, instead of an accountant.…