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7 Best Back-Office Practices A Real Estate Investor Should Adopt – Part 2

It’s Ontario’s budget date.  When the Federal budget was released, the message from the Fed was to spend, spend and spend. Ontario, however, has a pre-budget message to cut, cut and cut.  Cutting taxes and cutting…
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7 Best Back-Office Practices A Real Estate Investor Should Adopt – Part 1 

I saw this post a while ago on my FB feed.  A friend of mine wanted to “stop” Doug Ford to cut OSAP.  It’s old news now, cutting teachers is the new news.  😉 Most of us only read the news from its title/headline.  If…
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Why I Learned from My Mistake (And Maybe You Should Too)

I made a mistake. It’s sad but I made a mistake.  It was the last week of November. In a week or so, our family would be going on vacation in the south. Canadian winter is hard to predict.  Sometimes, you get snow in…
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The Ugly Truth About CRA HST New Housing Rebates

My dad, being the grandpa, hadn’t seen my kids for years, until last month. My kids are just three and four years old, and they don’t know any better.  When we go shopping at a store, they generally don’t ask to get anything. When…
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The Danger of Reporting Multiple Years of Losses

A couple of months ago, I met with a real estate investor for an initial consultation. As part of the process, I asked him what his long-term goals are.  He said, “I would like to give up my job one day to volunteer full time and give…
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How to Pay 13.5% Small Business Tax on Rental Income

Did you see this headline – “Liberal government writes off $1.1B US loan, plus interest, docs show” on MSN.com? Federal government wrote off a loan made to Chrysler during the 2009 global economic meltdown. I believe in making progress…
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6 Little Known Facts About Structuring Joint Venture Deal in Real Estate

Back to school week! My daughter is in Junior Kindergarten this year. Since she had been in half day daycare five days a week last year, I didn’t expect to get emotional when she’s off to the full-day kindergarten on Tuesday. I…
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Contractors: Here’s a Quick Guide to Progress Billing

Thank you for the overwhelming feedback for my last week’s blog post about my dad. I am extremely grateful to be able to share such an inspiring life story. I consider myself as a gritty person because I have the best examples in my life…
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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…
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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,…