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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…

Build A Successful Life You Can Be Proud Of

I had the pleasure to work with this young couple who just opened up their first business, a Freshii franchise located at Rutherford Rd and Bathurst in Vaughan. This couple inspired me. They are young, they are energetic and they don’t…
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What Everybody Ought to Know about Property Flipping Taxation

I saw this interesting article written by The Vancouver Sun last Friday. It talks about the Canada Revenue Agency’s inability to go after the flippers for unreported income, which could be one of the causes for skyrocketing housing prices…

How to sell your Ontario business for millions of dollars QUICK?

Many of you knew that I came from an immigration family. My dad has his own contracting business in Hong Kong. The majority of his clients are banks, government institutes and charitable organizations who operate schools and hospitals. When…
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The Ultimate Saving Machine

I am in the process of restructuring our portfolio. It’s often at this time when we deal with the bank that we come to realize how much our real estate portfolio has done for our family. When I bought the Toronto townhouse, I knew I was…
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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…
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Maximizing the principal residence exemption with your cottage

We are at our annual cottage trip this week enjoying the beautiful Wasaga beach. We are staying at our friends’ cottage nearby. Packing isn’t exactly the easiest thing. When we didn’t have kids, we would often wait until the day of…
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Documentation matters when it comes to CRA audit

Starting in 2011, Canada Revenue Agency (CRA) has been going after the New Home HST rebate program for a few years now. Many of the new home buyers intended to move into the new homes, but circumstances change in the few years of construction.…
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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 Birth of a Child, Life Insurance and Moving into a New Home: How to Plan for the Near Future

By the time you read this post, hopefully our new baby will have been born. He’s our second child. I still remember how busy we were trying to get ready for Robin’s arrival, our first child. This time we are much calmer. The first time…