Posts

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Top 10 Deductions a Real Estate Investor Should not Miss [Revisited]

2018 is an exciting year. I shared with all of you in an earlier blog post about my 'why', my reason for doing all that I do, which is to be the best I can be. To do this with my accounting practice, I’ve made some plans to provide…

Judge Provides Interesting Comments During a Court Case on Unreported Condo Sale

I am not perfect.  I am far from perfect. A client of mine and I were in a self-learning seminar earlier this week.  I shared part of my everyday struggle with the group. At the end of the session, she said to me, "I didn’t know…
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The Future of Accounting is Mind Blowing & Interest Deductibility on Shareholder Loan

I attended Quickbooks Connect 2017 in Toronto last week.  It was the first year that I attended. I got to speak at one of their events, and I was completely blown away from the value I got out of it. First and foremost, thanks to my…
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Frustrated With Organizing All Your Receipts? Take a Look at Some of These Accounting Software Solutions

I came across a National Post article about Ontario's fiscal update last week.  According to this article, with Ontario being the largest province in Canada, personal income tax revenues came in short by $2 billion than what the forecast in…
real estate tax tips
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Everything You Need to Know About Paper Flipping/Assignments Taxation

I am so grateful that we have organizations like Fraser Institute, calling out the government’s lies.   If you go to their site, they have a lot of great research available - https://www.fraserinstitute.org/ Their latest report released…

80% of Success is Showing Up & 2 Podcasts on Incorporating

From the beginning of this year, I’ve always gotten up early for work. But more recently I’ve been getting up earlier for my Miracle Morning challenge.   For most weeks, I managed to go to the Crossfit classes twice a week.  Some…
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Try this Little Known Secret to Stress Test your Portfolio for Interest Rate Hikes & a 2-Step Test to Determine Your Working Relationship as Subcontractor or Employee

We finally managed to purchase a new rental property and take advantage of the equity in our properties. We signed the mortgage paper on our refinancing and new rental property purchase yesterday. And then Bank of Canada finally announced…

How to Calculate Capital Cost Allowance - Part 1

I was away with the Rock Star team last week at an entrepreneur conference in Cleveland.   Dan Kennedy, the host, is a successful businessman and the guru in direct response marketing.   The conference was all about the business…
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6 Lessons I Learned from My 14th Tax Season

Last week was a hectic week for me.  I presented at my client, Martin Kuev’s Meet Up group in Vaughan, educating over 40 investors on whether they should incorporate to own their rental portfolio or not. If you are interested in learning…

Why Incorporation is the Way to Go for High-Earning Realtors

It was nice spending time meeting so many great people at Realtor Quest 2017 and the Rock Star Inner Circle member event. Despite the business of my schedule last week, I managed to take my Sunday off with my two lovely kids. Robin asked…