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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…
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5 Reasons Why You Should have Separate Bank Accounts for Business/Investment

Be grateful. Hussle. Work hard. “Beneath every excuse is a fear. Fears are bravery training.” “Small daily improvements over time lead to staggering result.” “#1 reason to make a massive amount of money is philanthropy.” These…
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Why Foreign Buyers Shouldn’t be Blamed for Rising Housing Prices

3 reps of 155lbs deadlifts! :) If you don’t know what deadlifts are, I’ve attached my own pictures here for your reference. :) (You can probably see that I was biting my lips for my final lift.) Honestly, 155lbs in the lifting world…

“Whoever can deal with the most sh@t wins!”

I heard this line the first time from Nick Karadza at the Rock Star Inner Circle member event. I’ve always been depositing my rent cheques late. Life is busy with two kids. Operating a growing business requires a lot of attention. Sometimes,…
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New Residential Housing Rebates: Be Aware of These Recent Court Cases!

I didn’t grow up with money. My family was relying on a lot of government help when I was young. We first got into temporary housing; a similar style to townhouses, except that they were built with metal and they were tiny. We applied…
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4 Tips to Organize Your Books and Records to Protect Yourself from a CRA Audit

I had an opportunity to sit down with a very inspiring lady yesterday. She’s Chinese, grew up in Singapore. She left Singapore in her early 20's to pursue a dream in Canada. She and I shared a very similar background. She’s the second…

How To Support Your Parents and Finance Your Children’s Education with Your Rental Portfolio

Many of our friends know that we are real estate investors. Some of them ask us what we do, but very few of them actually take any actions. We don’t go around and tell our circle of friends what we do all the time. At the end of the day,…
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How to be Mortgage Free Before Age 30?

Three life lessons I wished I knew in my twenties. I studied the accounting program at University of Waterloo, one of the best in the country. The thing I love about this program is that it offers the opportunity for us to work in a real…
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5 Lessons I Learned from My 13th Tax Season

Erwin and I were at Game 2 of the Raptors against Miami Heat series. Oh, it was so much fun! Our star players were still not playing at the same level as how they used to at the regular season, but a win is a win! And we were so happy to…

How to Deduct Real Estate Education Courses and Membership Fees the Right Way

This is an exciting week. Other than the fact that this marks the 3rd last week of tax season this year (woo-hoo!), it is our first time having a booth at Real Estate Investment Network’s Real Estate Strategies Opportunities Solutions (Real…