4 Ways to Minimize Taxes on Sale of Rental Properties
“Success is measured by inches, not miles.†For some of my long time blog followers, you know that my goal is to be able to do a strict pull up by the end of this year. I am still working...
“Whoever can deal with the most sh@t wins!”
I heard this line the first time from Nick Karadza at the Rock Star Inner Circle member event. I’ve always been depositing my rent cheques late. Life is busy with two kids. Operating a growing business requires a lot of...
How to Calculate Tax Payable on the Sale of Your Rental Properties?
Update: 2021-11-25 Recently, my clients have been asking a lot of questions about Capital gains tax and rental property. I have addressed some of the most commonly asked Q & A’s in this new post along with a youtube video....
Top 6 Considerations When Buying a Rental Property in Your Adult Child’s Name
I always knew I wanted to go to University of Waterloo, despite my parents don’t really know much about it at the time. My dad lives in Hong Kong. All he had heard of was University of Toronto. I always...
7 Questions to Decide Whether You Should Incorporate (Part 2)
Irene, a long time friend of mine, came by to visit a couple weeks ago. Together with Jason, we were in the same study group when we wrote the Uniform Final Exam (UFE) 10 years ago! We all graduated from...
7 Questions to Decide Whether You Should Incorporate (PART 1)
Corporations provide a lot of flexibility in tax planning but the immediate cost to setup and maintain can sometimes be difficult to bear, especially for new investors who barely make any cash flow from the properties. Whether you should incorporate...
New Residential Housing Rebates: Be Aware of These Recent Court Cases!
I didn’t grow up with money. My family was relying on a lot of government help when I was young. We first got into temporary housing; a similar style to townhouses, except that they were built with metal and they...
4 Tips to Organize Your Books and Records to Protect Yourself from a CRA Audit
I had an opportunity to sit down with a very inspiring lady yesterday. She’s Chinese, grew up in Singapore. She left Singapore in her early 20’s to pursue a dream in Canada. She and I shared a very similar background....
How To Support Your Parents and Finance Your Children’s Education with Your Rental Portfolio
Many of our friends know that we are real estate investors. Some of them ask us what we do, but very few of them actually take any actions. We don’t go around and tell our circle of friends what we...
The Amazing Secrets of Deciding to Take Out Your RRSP Money to Buy Properties Revealed!
It was a beautiful weekend full of love. We spent Saturday hosting the monthly Mr. Hamilton meeting at Rock Star Brokerage’s office. We then spent a weekend with our families celebrating Father’s Day. Erwin, my husband, and his team shared...