7 Land Development Tips for Real Estate Developers

It takes some courage to say no.  Sometimes, it may mean saying no to potentially some good money and a lot of fun. One of my best friends is an accountant (surprise, surprise! LOL). For years, I would share with her what I do with…
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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…
7 bookkeeping mistakes
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7 Bookkeeping Mistakes a Real Estate Agent (and All Taxpayers) Should Avoid

Many people asked me how I did it – writing blog posts every single week for the last 3.5 years, accumulating over 150 blog posts today.  Trust me, it hasn’t been easy. I look everywhere for materials that can be relevant to my followers,…
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Tax Implication for Giving Incentives to Attract Tenants

If you read news, you would have noticed the massive coverage on the recent ruling against the Former USA gymnastics doctor Nassar.   If you don’t know already, he sexually assaulted and molested girls that were on the USA Olympic team.…
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8 Factors to Consider Before Becoming a Commercial Plaza Landlord

I used to do property management for a few commercial plazas. They are mostly located outside of Toronto.  One of them happened to be in Burlington. Because the operation was small, I did everything.  From rental contract, real estate…

Be the Best You Can Be in 2018

Wow, it’s already 2018. We were busy over the holidays.  Our small charity had delivered food baskets to another 300 families.   In 2017 alone, this small charity that we started had delivered to more than 900 families across…

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…