Posts

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Why Incorporate When You Can Invest in RRSP?

You may have already known, I am an accountant. This means that I have to look at numbers all the time. I have always been equipped with two monitors, one from my laptop and one extra monitor. Recently I had the opportunity to upgrade…
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5 Reasons Why My Airbnb Doesn’t Generate As Much Income As Others

Airbnb is a great way to earn extra money.  It has become some of my clients’ side hustle.  A few of my clients become full-time Airbnb operators. We’ve heard how great Airbnb is and I’ve seen some crazy numbers. One…
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How to Pay Zero Personal Tax and Receive $30K Income Every Year

The first time I’ve heard of Jesse Itzler was at the Grant Cardone 10x Event earlier this year. Erwin and I were so fascinated by his speech and I immediately ordered his New York Times Best Selling book, Living with a Seal and the book…
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How to Turn Cash Back Incentive into Tax-Free Money

Did you all have a great long weekend? Canada Day long weekend is always special in our family. My wedding anniversary is on this weekend, while my son’s birthday is also close enough that we all get to celebrate everything all at…
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Why Robert Kiyosaki said Everyone Needs to Know Accounting to Achieve Financial Freedom

Raptors won last night at Game 5 and I’m in a great mood today. When everyone expected them to lose, they came out with a win in an away game at Milwaukee.  It’s almost as if we broke the curse. They didn’t start off the series…
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The End Game: How to retire using real estate investments

No, I haven’t watched the End game yet.  I am excited about it and we got tickets for next week, but I have not watched it yet.  😊  But it’s such a perfect name for today’s blog post.  Recently, I’m listening…
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The Quickest and Easiest Guide to Understand 2019 Federal Budget for Real Estate Investors

I walked into a Rogers store this week looking for a new phone.  I had been using Blackberry KeyOne for the last year and a half.  The phone is still great, but it just doesn’t give me much flexibility doing videos. I searched…
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Do You Recognize These Six Tax Changes for 2018?

Have you ever heard of the term Fear of missing out (aka FOMO)? FOMO is part of the reason why most of us are so addicted to social media. We’re worried that we’re missing out something, which for the most part, is nothing. This…
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How to Split Income From Your Real Estate Portfolio Under the New Income Splitting Rule

Happy Valentine’s day everyone! It has been quite a week getting back from the sunny south to this winter wonderland. I just had a great conversation with my tax mentor, a retired partner at Deloitte to discuss the possibility of…
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You Don’t Have to Buy a Jet like Grant Cardone to Avoid Paying Tax

I listened to Grant Cardone’s book the 10X Rule: The Only Difference Between Success and Failure.  It was intriguing.  His idea was that we could set a goal a lot higher than what we think we could achieve, and you could still…