Happy Holidays and Update on Proposed Tax Changes

Today is December 22!  9 days before end of the year. We spent last week “vacationing” on a cruise with two young kids, my mother in law and our Italian mother Maria.   We booked this cruise a year ago when Erwin and I were away…
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The Future of Accounting is Mind Blowing & Interest Deductibility on Shareholder Loan

I attended Quickbooks Connect 2017 in Toronto last week.  It was the first year that I attended. I got to speak at one of their events, and I was completely blown away from the value I got out of it. First and foremost, thanks to my…
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Frustrated With Organizing All Your Receipts? Take a Look at Some of These Accounting Software Solutions

I came across a National Post article about Ontario's fiscal update last week.  According to this article, with Ontario being the largest province in Canada, personal income tax revenues came in short by $2 billion than what the forecast in…
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#MeToo and Update on the Proposed Tax Change

Most of you have already heard of the sexual harassment stories of Harvey Weinstein, the powerful American film producer, who allegedly used his position to sexually harass and assault many actresses. Many actresses spoke up about Harvey…
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2 Steps to Counter the Proposed Tax Changes Now

We had a rare big family gathering last weekend, as Erwin’s cousin and his family visited from Hong Kong. One of Erwin’s younger cousins is planning his wedding for the coming year.  They are planning to have their wedding at a golf…
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Can Deducting Home Office Expense Affect Principal Residence Exemption?

I was at the Archangel Summit this past Saturday.  For those of you who don’t know about Archangel Summit, it is an event everyone should go to.  😊 It’s the 2nd year I participated in this event.  Last year was great, but this…

5 Tax Impacts on Real Estate Investors from the Proposed Tax Changes on Private Corporation

We are changing our office number! I am in the middle of switching my business phone network from a US carrier to a Canadian carrier.  Although we can work out the logistics to port the old number over, I’m assigned a new number temporarily…
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Retiring on Real Estate

Real Estate is still the best retirement option you can find out there. Erwin and I are a very fortunate couple.  In the past few years, we have been able to enjoy a week with our family at our friends’ family cottages up north. This…
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Unfair Proposed Tax Changes Entrepreneurs Need to Know About

Nothing makes me more upset when reading this consulting paper released by the Finance Minister this past Tuesday. Our government always seems to forget, the objective behind taxing people is to raise sufficient funds to provide for our…
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Try this Little Known Secret to Stress Test your Portfolio for Interest Rate Hikes & a 2-Step Test to Determine Your Working Relationship as Subcontractor or Employee

We finally managed to purchase a new rental property and take advantage of the equity in our properties. We signed the mortgage paper on our refinancing and new rental property purchase yesterday. And then Bank of Canada finally announced…