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income tax act

BEHIND THE INCOME TAX ACT: WOW! The Tax Secret Only Small Business Owners Can Enjoy

I was doing my usual class at Rock Star Real Estate Brokerage this past Saturday. As I was discussing the new Federal tax changes to small businesses and how it could affect some of the real estate investors, one person mentioned the upcoming…

7 Land Development Tips for Real Estate Developers

It takes some courage to say no.  Sometimes, it may mean saying no to potentially some good money and a lot of fun. One of my best friends is an accountant (surprise, surprise! LOL). For years, I would share with her what I do with…
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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…
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Unfair Proposed Tax Changes Entrepreneurs Need to Know About

Nothing makes me more upset when reading this consulting paper released by the Finance Minister this past Tuesday. Our government always seems to forget, the objective behind taxing people is to raise sufficient funds to provide for our…
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How to Lower Your Taxes by Distinguishing Between Capital Gain and Income

Over the years, I’ve met a few people that would be so concerned about paying taxes that they would not invest at all. I also have a few people who put so much attention into deducting personal expenses even though they aren’t doing…
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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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…