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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…
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2 Strategies to Reduce Your Capital Gain Tax at Year-End

Recently I finished listening to the book Leaders Eat Last written by Simon Sinek. There's a lot of great advice, as usual, by Simon.  But one of the ideas that sticks with me the most was his comment about American politicians in the past…

How to Calculate Capital Cost Allowance - Part 1

I was away with the Rock Star team last week at an entrepreneur conference in Cleveland.   Dan Kennedy, the host, is a successful businessman and the guru in direct response marketing.   The conference was all about the business…
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Do You Make These Mistakes When You File Rental Income in Your Corporation?

Happy belated Easter everyone! I hope all of you enjoyed your Easter as much as I did. We are so fortunate that our neighborhood hosted an annual Easter Egg Hunt every Easter Sunday.  We have been participating ever since we moved here…
calculate tax payable sale rental properties
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How to Calculate Tax Payable on the Sale of Your Rental Properties?

Hi fellow Canadian Real Estate Investors, It was my birthday weekend last week. Erwin arranged a surprised celebration party on Sunday with my best friends. He knows that I’m a geek so we once again went to an escape room. This time…
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How to Deduct Capital Cost Allowance in the Most Tax Advantageous Way?

I used to be afraid of public speaking. It made me sick just thinking about speaking to a crowd. Last Saturday I spoke at the Rock Star Member Event. There were 600 people in attendance! Amazing crowd as always! I was nervous at the…