Posts

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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 Maximize HST Claims When Purchasing a New Vehicle

My cousin got married in May 2016 in Hong Kong. Robin was 2.5 years old, and Bruce was 10-month-old at the time. We would have cramped in a less than 800 square foot condo one bathroom with a total of 4 adults and two kids with my family…
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9 Tax Tips Canadian Amazon Reseller Should Know When Selling on Amazon.com

It was the summer long weekend.  We started our long weekend by celebrating my birthday at Niagara Falls. As we get older, it’s less about presents but more about presence and experience.  😊 This year, I decided to try the Whirlpool…
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…
What Everybody Should Know About Doug Ford's Tax Change
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What Everybody Should Know About Doug Ford's Tax Change

Joanne and I, and 80 other entrepreneurs spent two days at the Rock Star Entrepreneur Summit in Oakville. Over the past few years, I've attended at least five different conferences. I'm just blown away by how practical the information is…
3 Investment Tips Every Real Estate Investor Can Benefit From
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3 Investment Tips Every Real Estate Investor Can Benefit From

This past week went by fast. It was a fun filling weekend with my mom and my family. We took the kids to a Pirate show downtown Toronto. We even got my mom, who's usually serious, to dress up! My mom is my superhero. She's inspired me…
Lessons Learned from Tax Season

5 Lessons Learned from Tax Season

HoHoHo!  April finally passed! I must thank my entire team for pulling through this tax season with me.  It’s not easy, and we have a lot of room for improvements. What better way to celebrate the end of tax season and the beginning…
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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…