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4 Ways to Split Income with Lower Income Spouse & Family Members

Many of you have asked for it, and finally we are hosting an Incorporation Class on October 15th, Saturday at 9:30am in Oakville! For those of you who always wonder – should I incorporate to own my real estate portfolio, this is where you…
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How to Record a Proper AutoLog to Maximize Automobile Expense Deductions

I had an excellent week up north at a friend’s cottage. She recently bought a cottage so that her kids, raised in the city, could get to enjoy the outdoor and not be afraid of bugs and snakes and turtles. :) I got to slack off for a week…
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How to Make More Money by Paying Higher Interest Rates on Your Incorporated Rental Portfolio

One of the main complaints about owning your rental portfolio in a corporation is the increased interest rate, as compared to owning them in your own name. Of course, there are a few ways to get around this problem. If you work with a…
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How to be Mortgage Free Before Age 30?

Three life lessons I wished I knew in my twenties. I studied the accounting program at University of Waterloo, one of the best in the country. The thing I love about this program is that it offers the opportunity for us to work in a real…
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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…
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Discover 4 Little Known Exceptions to Deducting Repairs & Maintenance Expense and 3 Common Real Life Examples

Before the last blog post about the Federal budget update, we discussed the tax difference between repairs and capitalized expense. We also discussed the criteria used by CRA to evaluate whether an expense is considered current or capital in…
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5 Ways to Take Money Out From a Corporation

I was doing the regular accounting class for Rock Star members this past Saturday. It was a full house. I presented the updated material incorporating all the tax changes that are happening in 2016 and forward. Specifically, the small…
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6 Tax Changes Coming in 2016 that Will Affect Your Real Estate Investing

Happy New Year everyone! I hope everyone got to enjoy the holidays as much as I did. I surely had a great time hosting a large Christmas party for our family this year. Thanks to Tony, my brother-in-law, we were able to enjoy some delicious…
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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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A Quick Look at the Federal Budget – How Does it Affect Us All?

A couple days ago when I was driving to Toronto to visit a client, I heard Justin Trudeau’s radio comment about how much he doesn’t like the new Family Tax Cut and how it makes the rich richer. And he will definitely cancel this Family Tax…