Posts

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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…

Top five tax tips to minimize your 2015 personal income tax

2015 has been an amazing year. I gave birth to my son in the middle of the year. Time really flies and he’s now a healthy 20lb baby in just less than half a year. Our accounting practice grew substantially. We are still growing and we…

The Secret of Making this Christmas the Best Ever and How to Effectively Donate Real Estate to Minimize Taxes

Erwin and I, together with a few friends, started the Hamilton Basket Brigade merely a year ago. We started from feeding 37 families last Christmas. We are feeding 200 families this coming Saturday. When the words spread out, we even got…

The One Common Thing Between Real Estate Investment and Doing Pull Ups

Being an entrepreneur is not easy. The first person you have to fight against is yourself. When I was in the corporate world, the first thing I did when I got to the office was to log onto Facebook. After I started at real estate investing,…
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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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How to Shelter Taxes in Canada for Foreign Investors

It’s been a long history that Chinese families like to send their kids away for school for different reasons. My dad grew up in a communist country. Even in a communist system, the families were ranked. The higher the ranking, the more…
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The Guide to Airbnb taxation to Real Estate Investors

Last week I finally found a place in Florida to stay for our February trip. Last year, we planned a cruise trip. Like all the cruise trips we had been on, we booked an early flight to Fort Lauderdale the day the cruise set sail. I am a…
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How to Deduct Your Home Mortgage Interest Using the Cash Flow from Your Rental Properties

For the majority of Canadians, we start our investing journey with saving up a sufficient downpayment to buy our first home. Over time, we pay down our mortgage. Our properties appreciate in value. Some people choose to pay off their mortgage…

The Top Ten Expenses You should Not Miss as a New Real Estate Investor

A few weeks ago, I discussed the election available for Tony, my brother in law, who recently turned his principal residence into a rental. Congratulation to him–he now found a tenant who would stay there for two years. So what kind of…