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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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…
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Contractors: 3 Business Tips to Take Your Business to the Next Level

My dad is a general contractor in Hong Kong. My brother works for him as a project manager. My dad loves to share with me how much business he has completed in the last year. He loves to talk about the top line, revenue. Revenue, he does…
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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,…
7 Steps You Must Take When Setting Up a New Corporation
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7 Steps You Must Take When Setting Up a New Corporation

Thursday is the election day in Ontario. It is so disheartening to see how much "new spending" is promised across all parties. Liberals don't look like they have a chance, but the options remaining aren't any better. This Global &…
Tax Questions
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6 Common Tax Questions Asked by Top 200 Realtors & Investors

Happy Mother's day to all of you. It's a special year this year. I finally got to spend my mother's day with my mom, the superhero in my life. 😊 She's in town to visit for a week, spending some quality time with us and enjoying…
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…

5 Impacts on Transferring Rental Properties into a Corporation

Real estate investors usually start investing in their personal names. It’s easy, simple and the cheapest form of ownership. Once they test the water, many of them decide that they will continue their investing journey. Some investors…

5 Tax Impacts on Real Estate Investors from the Proposed Tax Changes on Private Corporation

We are changing our office number! I am in the middle of switching my business phone network from a US carrier to a Canadian carrier.  Although we can work out the logistics to port the old number over, I’m assigned a new number temporarily…
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Unfair Proposed Tax Changes Entrepreneurs Need to Know About

Nothing makes me more upset when reading this consulting paper released by the Finance Minister this past Tuesday. Our government always seems to forget, the objective behind taxing people is to raise sufficient funds to provide for our…