Posts

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Ontario Landlord Watch Conference & 3 Common HST Scenarios When Building a New House

Today, I got the opportunity to speak to Kayla, the founder of a group called Ontario Landlord Watch. She has started Ontario Landlord Watch initiative since 2010, acting as a voice to our government advocating fairness among landlords and…
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5 HST Planning Tips for Developers and Builders

This summer has been tough. A close client passed away suddenly at the age of 52, leaving his wife, his children, his family, friends and JV partners all in shock. At the visitation of his funeral, packed with his friends and families,…
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Lease vs. buy: How to get a new car that maximizes tax savings

Our lease on our Honda Odyssey was ending coming October. One of our friends got a plug-in hybrid earlier this year.  This plug-in hybrid is considered a “green vehicle” which would allow him to drive on HOV lane on 400 series highway. For…
buying Pre-construction Homes
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Case Study Follow Up: 5 Lessons Learned from Lily Buying MULTIPLE Pre-construction Homes

This is a special week for our family. We got to celebrate Fathers day with my father-in-law. We got to welcome the family of Sharmein, who’s our kids’ nanny, to our house. They arrived Tuesday evening. Sharmein understandably…

The CRA's Recent Court Order on Real Estate Flipping

How did you spend your Thanksgiving this past weekend? We spent the Saturday with a bunch of Superheroes delivering food baskets to 300 families at the Hamilton Basket Brigade . Delivering to 300 families was no easy job.  Normally,…
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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…
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4 Recent Tax Updates That Would Affect Principal Residence Deduction

It’s getting cold. Before it gets to freezing cold, we took our kids to a nearby farm to pick apples this past weekend. As we parked our car to enter the farm, we saw two bus loads of Chinese tourists entering the farm. I don’t…
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Why Foreign Buyers Shouldn’t be Blamed for Rising Housing Prices

3 reps of 155lbs deadlifts! :) If you don’t know what deadlifts are, I’ve attached my own pictures here for your reference. :) (You can probably see that I was biting my lips for my final lift.) Honestly, 155lbs in the lifting world…