Case Study on Buying vs Leasing a Vehicle
Did you hear, Hertz ordered 100,000 Tesla Model 3 cars, despite the fact that Elon Musk, founder of Tesla, tweeted that there’s no deal? As some of you know, I have been planning to buy a Tesla at the end...
Fixed or Variable: if Bank of Canada Increases Rates 8x in the Next Two Years?
A couple of weeks ago, Financial Post released an article that says Scotiabank sees eight Bank of Canada interest rate hikes by end of 2023. 8 interest rate hikes! Yikes! As a real estate investor myself, I couldn’t help but...
Top 7 Considerations When You Invest with a Partner
Erwin and I met each other 10 years ago. At the time when I met him, I was the classic middle-class example described in the book Rich Dad Poor Dad. I lived paycheck by paycheck, I spent all my money...
How to Write-off Medical Expenses as Business Deduction Legitimately
A handful of my self-employed clients recently reached out to ask us about Health Spending Accounts (HSAs). HSAs are essentially self-insured health plans that allow employers to provide health care benefits to employees’ tax free. Employers get to deduct the...
How to Turn a Sour Private Lending Deal to $150,000 profit in 2 years
A friend of mine entered a private lending deal in 2019. For those of you who don’t know much about private lending, basically, we get to be the bank and lend money to others and charge interest in return. There...
Whoever deals with most Sh!t wins
I first heard about this line years ago from Nick Karadza at the Rock Star Inner Circle member event. When I was in my early twenties, I thought success means that living in a nice home while driving a Mercedes. ...
Be aware of the TFSA Maximizer Schemes
I was lucky enough to golf with a couple of friends and clients yesterday at a local golf course located in a residential neighborhood. We often had to cross local streets to get from one hole to the next. At...
Unreported Global Income Isn’t the Main Cause for Canadian Housing Crisis
A recent headline from Global News caught my eyes “CRA study from 1996 found migrants bought BC luxury homes despite having low incomes”. CRA conducted a study 25 years ago in 1996 found that a majority of homes bought in...
6 Ways to Decide Paying Yourself Dividend or Salary
Many real estate investors and small business owners wonder if they should pay themselves salaries or dividends from their corporation. I started off paying myself all dividends in the early days. Nowadays, I pay myself a combination of dividends and...
5 Promises Real Estate Investors Should Look For in the 2021 Canadian Federal Election
We are expecting an election this fall. ☹ Our economy isn’t even fully open yet and we’re already expecting an election in September. In 2019, I attended an event featuring Michelle Obama in Hamilton. She was asked if she would...