Cherry, Author at Real Estate Tax Tips

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

A Secret to Achieving Success & 2 Court Cases to Help You Determine Your Eligibility for Business Expense Deductions

Small business and real estate

A Secret to Achieving Success & 2 Court Cases to Help You Determine Your Eligibility for Business Expense Deductions

People always say that if you want to achieve your goals, the fastest way is to learn from those who came before us. Like doing wall walk at the gym, for the longest time I couldn’t do this movement. Thanks...

June 15, 2017

Estate Planning Tip: Be Aware of these Pitfalls Using this Strategy to Avoid Probate & My Miracle Morning Routine Revealed

Other tax issues Real estate investment

Estate Planning Tip: Be Aware of these Pitfalls Using this Strategy to Avoid Probate & My Miracle Morning Routine Revealed

I listened to the audiobook The Miracle Morning written by Hal Elroy. It was nothing that I didn’t hear before, but it serves as a great reminder for me to continue my early morning commitment. Recently I have been slacking...

June 9, 2017

6 Lessons I Learned from My 14th Tax Season

Other tax issues Real estate rant Small business and real estate

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...

June 1, 2017

5 Common HST Questions When Building or Substantially Renovating a Property

HST rebate

5 Common HST Questions When Building or Substantially Renovating a Property

How was your long weekend? Victoria Day long weekend is always fun in our neighborhood. One of our neighbors organizes an annual fireworks event every year. This year as a collective group, we spent over a thousand dollars on the...

May 25, 2017

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

Real estate corporations

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...

May 18, 2017

Real estate rant

The Bright Side of Self Reflection

Happy Mother’s Day to everyone out there celebrating it. It was Mother’s Day celebration at my kids’ part time Daycare this week. Both of my kids go to the same school on different days so I got to have two...

May 11, 2017

You Need to Use the ‘5 Second Rule’ to Get Anything Done & Here’s Why the 15% Foreign Buyers Tax Won’t Work

Other tax issues Real estate investment

You Need to Use the ‘5 Second Rule’ to Get Anything Done & Here’s Why the 15% Foreign Buyers Tax Won’t Work

Many of you have probably heard about 5 second rule before. Usually it is related to dropping food on the floor, but if you pick up the food within 5 second, you can still eat it. The 5 second...

May 4, 2017

Do You Make These Mistakes When You File Rental Income in Your Corporation?

Capital cost allowance Real estate corporations Real estate rant

Do You Make These Mistakes When You File Rental Income in Your Corporation?

Happy belated Easter everyone! I hope all of you enjoyed your Easter as much as I did. We are so fortunate that our neighborhood hosted an annual Easter Egg Hunt every Easter Sunday. We have been participating ever since we...

April 20, 2017

4 Tax Lessons Every Small Business Owner Needs to Follow

Other tax issues Small business and real estate

4 Tax Lessons Every Small Business Owner Needs to Follow

Recently I had a couple of gatherings with my old accounting firm colleagues. Back in the day, in order to get licensed we were required to work in an accounting firm to get experience. Many of the junior staff were...

April 6, 2017

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Author: Cherry