Cherry, Author at Real Estate Tax Tips

5 Tax Impacts on Real Estate Investors from the Proposed Tax Changes on Private Corporation

We are changing our office number! I am in the middle of switching my business phone network from a US carrier to a Canadian carrier. Although we can work out the logistics to port the old number over, I’m assigned...

August 24, 2017

Birthday Celebration & 2 recent court cases on New Residential Housing Rebate

HST rebate

Birthday Celebration & 2 recent court cases on New Residential Housing Rebate

I passed another birthday during our week at the cottage. When we got back, Erwin, being a wonderful husband, took me to Blacktree Restaurant in Burlington to celebrate. It was a fantastic dinner, I enjoyed every single bit of...

August 18, 2017

Real estate investment Real estate rant Small business and real estate

Retiring on Real Estate

Real Estate is still the best retirement option you can find out there. Erwin and I are a very fortunate couple. In the past few years, we have been able to enjoy a week with our family at our friends’...

August 11, 2017

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

Real estate rant

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...

August 3, 2017

The War on Small Business Owners and Landlords

Real estate rant

The War on Small Business Owners and Landlords

I don’t follow politics. I am a simple business owner, responsible mom and adult. Then there are these politicians that somehow think that operating a business and a rental portfolio are equivalent to growing money on the trees. You don’t...

July 27, 2017

Unfair Proposed Tax Changes Entrepreneurs Need to Know About

Real estate corporations Real estate rant Small business and real estate

Unfair Proposed Tax Changes Entrepreneurs Need to Know About

Nothing makes me more upset when reading this consulting paper released by the Finance Minister this past Tuesday. Our government always seems to forget, the objective behind taxing people is to raise sufficient funds to provide for our public services....

July 20, 2017

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

Other tax issues Small business and real estate

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 a...

July 13, 2017

What’s the Tax Impact of Hiring a Subcontractor vs. an Employee?

Small business and real estate

What’s the Tax Impact of Hiring a Subcontractor vs. an Employee?

We had a fantastic long weekend. We had a blast hosting two parties at home, celebrating Canada’s 150 birthday and my son’s birthday. Time flies. He’s already 2 years old. He can play by himself quietly with my daughter. He...

July 6, 2017

Capital cost allowance

Happy Birthday Canada and How to Calculate Capital Cost Allowance – Part 2

Happy 150 years old Canada! I have lived over half of my life here in Canada, more than 18 years and counting. I still remember the moment when we stepped out of the airport and saw the ENTIRE sky, I...

June 29, 2017

Capital cost allowance

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...

June 22, 2017

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Author: Cherry