Posts

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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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Where Ultimate Asset Protection is And How To Get It

Being an entrepreneur is such a weird thing.  It’s a blessing and a curse all at once.  It’s a curse because it is a lot of hard work. It’s all about hustle.  It’s a blessing because it pushes you to become someone…
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3 Short Videos on How to Pay Less Tax and Stay on the Right Side of the Tax Man

Snowstorms, extreme cold weather alerts, school closures, kids sick… those are just a few things that we, Canadians, have battled with this past week. Kids ain't afraid of the cold. Had so much fun making snow angel and sleeping in the…
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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…
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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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…

How to Deduct Travel Expense by Avoiding This Cirque Du Soleil’s $38M Mistake

I spent a few days in Hong Kong last week attending my grandma’s funeral.  (Thank you for all the clients who’ve reached out.  Much appreciated.) While I was there prepping for this week’s blog post, I found a court case about Cirque…
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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…