Author: Cherry

Building laneway houses have become a popular investment strategy in Ontario. Most investors buy a house on a big lot, convert the original house into two units and build a brand-new laneway house in the back. These strategic investors essentially...

We bought a turnkey legal secondary suite home on Hamilton market last week. It was one of the easiest purchases we have done thanks to the help of our realtor. We used a real estate agent similar to these Greensboro...

We had some fun this week. Our team, together with our extended Stock Hacker team and iWIN Real Estate team, came together and spent a day on the water at the Toronto Waterfront. When I see the picture of our...

Many of our clients are real estate investors and real estate agents.  They often asked me how they could potentially lower the tax liabilities and how they could use their registered funds to invest in real estate.  What they are...

Many people have misunderstanding about property sale.   Many taxpayers are under the misconception that if he/she lives in a property at some point in time, upon sale of the property, one doesn’t have to pay taxes on the gain from...

Happy Canada Day. I’ve lived in two different places in the world.  July 1 is a special day.  It is also the anniversary that my hometown, Hong Kong, was handed over to China.  Sometimes I wonder how my life would...

Canadian tax system is a complicated tax system.  Hence, we routinely do internal and external training so that our team can have the most up to date tax knowledge. One of the court cases that was brought up by our...

Recently I saw a question on social media about borrowing money from your small business corporation to purchase your primary residence.  “I run a small business in my corporation and have accumulated a large amount of savings in the corporation. ...

I recently had a casual conversation with my client. He’s currently working as a consultant for a small business who’s owned multiple stores in a grocery chain. His clients often asked him, ‘where did my money go?’ As a business...

I hope everyone had a great long weekend.  Even though we’re still in the lockdown state, we managed to spend some time in our pool and our backyard.  Erwin and I even squeezed us in for a round of golf. ...