Posts

Be Aware of the Price You Pay for Additional UCCB and other Invisible Taxes

I just got a letter from the government saying that the Universal Child Care Benefits (UCCB) is now increased to $160 per child for children under the age of 6. This is even retroactive to the beginning of this year. So I have had a big fat…
,

Documentation matters when it comes to CRA audit

Starting in 2011, Canada Revenue Agency (CRA) has been going after the New Home HST rebate program for a few years now. Many of the new home buyers intended to move into the new homes, but circumstances change in the few years of construction.…
,

Our Children’s Future Education: Using Real Estate Instead of RESPs

It’s difficult for me to picture how I will be when this blog post is posted. My son, Bruce, will be a week old and I will be exhausted. Last blog post, I discussed how we got ourselves ready for our first baby, Robin. We purchased a house…
,

The Absolute Best Way to Avoid Paying Tax on Capital Gain on Sale of Properties

Recently one of my blog followers asked me this question: what is the best way to avoid paying tax on capital gain on sale of properties? Sadly, unless you don’t make any gain on the sale of your real estate portfolio, you will have to…

This Lower–Income Spouse Tax Splitting Strategy Can Help You!

I was at the Real Estate Investment Network (REIN) annual Authentic Canadian Real Estate (ACRE) event last month. One veteran investor said that she would not touch any real estate investment if it doesn’t provide at least 30% return annually. 30%!…
,

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…
,

Principal Residence Exemption - Part 2: Sheltering Capital Gain When Building on Vacant Land

Hello fellow real estate investors, A lot of us have thought about building our dream home. Some of us have even taken this grand plan into action. But only a few recognize the tax impact on building your home on a piece of vacant land. To…
, , ,

Principal Residence Exemption - Part1: What I learned from the most recent Professional Development course

March break is underway. With the interest rate reduction announced earlier by Bank of Canada, spring market seems to be hotter than ever. Many people are interested in investing in this real estate market, especially the condo market. Recently…