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Buying A New House or New Condo – What Do You Do With Your HST Rebate?

Hello fellow real estate investors and real estate agents, Many investors and clients prefer buying brand new houses for obvious reasons. Out of the stack of legal documents the buyers are asked to sign, one of them is a declaration that the…
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Have You Saved Yet?: Looking at the Ontario Retirement Pension Plan in Comparison to Real Estate Investing

Have you saved today yet? If not, don’t worry. The Ontario government will help you! Our liberal Premier decided that they would help Ontarians save for their retirement by implementing something similar to the Canada Pension Plan, called…
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Become Best Friends with Your Accountant (And Happy Halloween!)

Robin was invited to her very first Halloween party this year. It is that time of the year, happy Halloween! Leaves are falling and temperature is dropping. Raptors just started their season! As an accountant, fall is considered down-time…
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Building Your Real Estate Team: What I Learned From Finding a Live-In Nanny

Hello to all you real estate investors and real estate professionals, I hope everyone had a wonderful Thanksgiving with their families this past weekend. Robin and I were at the Rock Star Inner Circle Member Event this past Saturday learning…
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Setting Goals: Discovering Your 'Big Why'

How many times have you set a goal at the beginning of the year? How many times did you start that goal, but over time you didn’t end up achieving it in any given year? I can’t even begin to recall the number of times that I set a goal…
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A Lesson Learned From My Broken Dishwasher

Our Samsung dishwasher had broken down a few days ago. I realized just how important this household appliance really was to my family once it broke. Having to hand wash dishes after every meal is just awful! In order to fix it I was trying…
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Everything You Need To Know About Rent-to-Own Real Estate Taxation (Part 2)

In my last post, I discussed what factors were involved in determining whether or not an RTO (rent-to-own) arrangement should be considered as a business or capital in nature. I also mentioned that the 3 streams of income the landlord receives…
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Everything You Need to Know About Rent-to-Own Real Estate Taxation (Part 1)

This post is really important. It's basically the whole reason why I started this blog. You see, I've been doing accounting work for many years now, and have spent quite a bit of time involved with real estate as well. One thing I've noticed…
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Rent to Own Programs: The Best Passive Income Real Estate Investment in Canada

This year marks the 15th anniversary of my time spent living in Canada. I wake up every morning feeling grateful to live here in an established economy with freedom. Thinking back home to Hong Kong, where the housing market is so outrageous,…
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One Simple Step to Increase Your Cash Flow

Most real estate investors talk about monthly cash flow from their properties. Few recognize the tax impact on their cash flow. We own a few student rentals. Each house brings in about $500 to $1,000 before tax cash flow on a monthly basis.…