Posts

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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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Contractors: 3 Business Tips to Take Your Business to the Next Level

My dad is a general contractor in Hong Kong. My brother works for him as a project manager. My dad loves to share with me how much business he has completed in the last year. He loves to talk about the top line, revenue. Revenue, he does…

How to Deduct Travel Expense by Avoiding This Cirque Du Soleil’s $38M Mistake

I spent a few days in Hong Kong last week attending my grandma’s funeral.  (Thank you for all the clients who’ve reached out.  Much appreciated.) While I was there prepping for this week’s blog post, I found a court case about Cirque…
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How to Maximize HST Claims When Purchasing a New Vehicle

My cousin got married in May 2016 in Hong Kong. Robin was 2.5 years old, and Bruce was 10-month-old at the time. We would have cramped in a less than 800 square foot condo one bathroom with a total of 4 adults and two kids with my family…
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Contractors: Here’s a Quick Guide to Progress Billing

Thank you for the overwhelming feedback for my last week’s blog post about my dad. I am extremely grateful to be able to share such an inspiring life story. I consider myself as a gritty person because I have the best examples in my life…
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9 Tax Tips Canadian Amazon Reseller Should Know When Selling on Amazon.com

It was the summer long weekend.  We started our long weekend by celebrating my birthday at Niagara Falls. As we get older, it’s less about presents but more about presence and experience.  😊 This year, I decided to try the Whirlpool…
7 Steps You Must Take When Setting Up a New Corporation
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7 Steps You Must Take When Setting Up a New Corporation

Thursday is the election day in Ontario. It is so disheartening to see how much "new spending" is promised across all parties. Liberals don't look like they have a chance, but the options remaining aren't any better. This Global &…
Lessons Learned from Tax Season

5 Lessons Learned from Tax Season

HoHoHo!  April finally passed! I must thank my entire team for pulling through this tax season with me.  It’s not easy, and we have a lot of room for improvements. What better way to celebrate the end of tax season and the beginning…

3 Key Steps You Should Take Before Quitting Your Job (or Facing Any Obstacle)

A couple days ago, I had an consultation with a new client. He works as a teacher and he’s debating whether he should leave his job. He loves teaching but he hates all the politics around the job. Hence, he has a few properties on…
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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…