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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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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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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…
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 &…