Entries by Cherry

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Discover this Secret Weapon that Protects You from CRA Audit

It’s chilly today.   We had so much excitement from the last week.  We listed our home for sale the last week and we relocated our entire family to the hotel to accommodate all the showings.   Yes, we had to get the kids out of the house to accommodate the non-step showing appointments.   Thankfully, we were […]

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Here’s a Quick Guide to Bitcoin Taxation

Here’s a Quick Guide to Understand Bitcoin Taxation Happy New Year.  We celebrated my daughter’s birthday over the holidays, I couldn’t believe she turned 7 already!   It’s unfortunate that we have to start our new year in a lockdown.  I’m very grateful that my kids are enjoying their virtual learning.  They feel that they’re all […]

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Debunking the Biggest Myth About Owning Rental Properties in a Corporation

When you put your name out there and share your knowledge, it’s inevitable that some other people do not agree with you. Earlier this week, someone made a comment on my Instagram post that investors would pay double taxation if they setup a corporation to earn passive income. I responded by explaining that the Canadian […]

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How to Qualify for Financing for Rental Properties in a PREC

Our realtor clients are asking us, “how do we qualify for financing in my PREC?” Before I dive deep into this conversation, you should check out my previous article on whether you should own rental properties in a PREC. Before you jump all in owning properties in the PREC, it is worthwhile to re-iterate what […]