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...
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...
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...
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...
Budget 2017: What You Need to Know as Small Business Owners & Real Estate Investors
This week marked the completion of our Crossfit Open 2017. It’s my first time participating in it and it was a lot of fun. I mentioned in my last blog post that I belonged to this 18-34 age group, mixed...
Canada Pension Plan: A good or bad investment?
I’ve been doing cross-fit for three years on and off. I still consider myself a beginner but I have to say, I’m a more experienced beginner now than a couple years back. There’re still lots of movements that I can’t...
![How to Deduct Home Office Expenses for Real Estate Investors [REVISITED with CRA latest UPDATE]](https://realestatetaxtips.ca/wp-content/uploads/2017/03/write-593333_1280-1.jpg)
How to Deduct Home Office Expenses for Real Estate Investors [REVISITED with CRA latest UPDATE]
I’ve shared on my blogs a few times about my involvement in helping out with a charity called the Hamilton Basket Brigade. We raise money, purchase groceries and assemble them into baskets that we donate to local Hamilton families who...
5 Tips to Determine Whether You Should Setup a 3 Tiered Corporate Structure to Own Your Business & Rental Portfolio
January came and went. So has February. For those of you who are wondering if I am still sticking with my 4:30am wake up time, it’s getting bigger and better. March and April are the busiest time of the year...
Another Court Case of Principal Residence Exemption Gone Wrong
Recently, we’ve got friends and families approaching us for advice on real estate investing. One of our closest relatives, a couple of two high income individuals each earning over 6 figures, asked us where they could go next. They currently...
Little Known Tax Impact of Refinancing Your Properties
“Some people dream of success while others wake up and work hard at it” ~ Napolean Hill. Although I didn’t grow up in a wealthy family, my parents worked extremely hard to provide everything we wanted in our lives for...