Posts

New home tax
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Answered: Your Most Burning Tax Questions About Building a New House

November was a fun month. We attended my brother’s wedding in Hong Kong, and we got to spend a week with a bunch of close friends on a 7-day cruise. As always, I’m incredibly grateful for the help of my team to allow me to take a long…
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6 Simple Ways to Create Freedom that Works for Real Estate Investors

I had a rare and candid business conversation with my dad and Erwin one night. He asked us about our numbers and how our businesses are structured. He was fascinated that we could be away for two weeks while our businesses are still running…
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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,…

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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What Everybody Ought to Know about Property Flipping Taxation

I saw this interesting article written by The Vancouver Sun last Friday. It talks about the Canada Revenue Agency’s inability to go after the flippers for unreported income, which could be one of the causes for skyrocketing housing prices…