Posts

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4 Most Asked Questions About Travel Expense Answered!

This week, I’m in the wonderful city of Edmonton. In my line of work, I don’t get to travel very often.  We may travel to attend conferences, but rarely we need to leave the comfort of our own home to visit different cities. When…
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How to Write Off 100% of Your Car and Save $22,826 of Tax Immediately

Raptors won! It was a nice surprise to hear “let’s go Raptors” when they’re playing in Oakland, Golden State Warriors’ home court. It gave me chills when I saw online that there were a dozen of Raptors fan gather in Golden…
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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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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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A Simple Way to Minimize Taxes That Works for Airbnb Owners

New year resolution is tough. Waking up early is tough when you have an event the previous night. I’m already falling off the waggon on the 2nd week of January. But… it was a lot of fun doing a presentation on Airbnb.  I spent…
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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…

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…
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…