Posts

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Budget 2017: What You Need to Know as Small Business Owners & Real Estate Investors

This week marked the completion of our Crossfit Open 2017.  It’s my first time participating in it and it was a lot of fun. I mentioned in my last blog post that I belonged to this 18-34 age group, mixed together with the best…

Another Court Case of Principal Residence Exemption Gone Wrong

Recently, we’ve got friends and families approaching us for advice on real estate investing. One of our closest relatives, a couple of two high income individuals each earning over 6 figures, asked us where they could go next. They currently…

Little Known Tax Impact of Refinancing Your Properties

“Some people dream of success while others wake up and work hard at it” ~ Napolean Hill. Although I didn’t grow up in a wealthy family, my parents worked extremely hard to provide everything we wanted in our lives for us. As…
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How to Take Cash Out from Your Corporation and Lower Your Tax Liability?

Happy belated Valentine’s Day to all of you. Erwin and I had a very uneventful Valentine’s day. We spent the day resting at home, trying to rest and recover from our illnesses. I got a very nice present from him – a MUSE headband…
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How to Understand the Canadian Personal Tax System & 3 Successful Factors that can Change your Life

I signed up to commit to a 21-day challenge to wake up at 4:30am every morning for 21 working days. Most of you probably think I am crazy. You might be thinking waking up at 4:30am is not possible. I have to admit that it was tough…
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HST Quick Method: A Simple Secret for Keeping More Money in Your Pocket

It was holiday season and it’s always great time to get together with friends & families. We had four straight days of partying and now we are back to work. For our kids, this is the best time of the year as they receive so many…
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How to Deduct Home Office Expenses for the Self-Employed

(Our last group workout at Radix Performance in Oakville. Source.) A few of my friends become first time moms recently. Being a new mom is not easy. Your body has to heal. You have to learn to breastfeed and you now have another life…
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How to Deduct Entertainment & Meal Expenses for Your Business

I am going to start off my blog post with some great news! First things first, I was finally able to do a rope climb! I’ve never in my life expected myself to be able to climb a rope and I did it this last Thursday! I expected it…
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Why the Rich Get A LOT Richer with Corporations

Jays are hot these days! :) Watching their games can be stressful, thanks to Donaldson, they somehow managed to sweep the Texas Rangers. Other than cheering to our favorite team, we also did a little bit of charity work this past weekend. We…
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5 Reasons Why You Should have Separate Bank Accounts for Business/Investment

Be grateful. Hussle. Work hard. “Beneath every excuse is a fear. Fears are bravery training.” “Small daily improvements over time lead to staggering result.” “#1 reason to make a massive amount of money is philanthropy.” These…