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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…
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6 Tax Tips That Flippers or Renovators Should Not Miss

With the 1 million immigrants coming to Canada in the next 3 years (historically about 40% come to Ontario), it’s almost inevitable that we'll have housing shortages and crazy rental increases. It’s basic economic principal – supply…
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Top 10 Deductions a Real Estate Investor Should not Miss [Revisited]

2018 is an exciting year. I shared with all of you in an earlier blog post about my 'why', my reason for doing all that I do, which is to be the best I can be. To do this with my accounting practice, I’ve made some plans to provide…

Is a new roof a one time write off or a depreciable expense?

My mom messaged me last week asking for an opinion on her loan arrangement. She is buying another parking spot in the condo complex that she currently has a rental unit. The whole plan is that my parents will be taking back the rental…
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How to Protect Your Asset Using a Corporation

A Corporation is considered a separate legal entity. It files its own tax return and can operate its own business. It can also be sued. One of the main reasons why an investor would incorporate is that they are concerned with their potential…
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How to Lower Your Taxes by Distinguishing Between Capital Gain and Income

Over the years, I’ve met a few people that would be so concerned about paying taxes that they would not invest at all. I also have a few people who put so much attention into deducting personal expenses even though they aren’t doing…
Deduct Home Office Expenses
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How to Deduct Home Office Expenses for the Self-Employed

(Our last group workout at Radix Performance in Oakville. Source.) A few of my friends become first time moms recently. Being a new mom is not easy. Your body has to heal. You have to learn to breastfeed and you now have another life…
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Right And Wrong Things To Do Paying Your Contractors Cash

Hello fellow real estate investors, With the Raptors’ first ever win in the Eastern Conference final, I had been spending my post tax season vacation time visiting my families and friends in Hong Kong with my two babies. It’s nuts…