Cherry, Author at Real Estate Tax Tips

The Absolute Best Way to Avoid Paying Tax on Capital Gain on Sale of Properties

The Absolute Best Way to Avoid Paying Tax on Capital Gain on Sale of Properties

Recently one of my blog followers asked me this question: what is the best way to avoid paying tax on capital gain on sale of properties? Sadly, unless you don’t make any gain on the sale of your real estate...

June 11, 2015

The Person Who Signs Your Paycheck Controls Your Life

Other tax issues Real estate investment Real estate rant

The Person Who Signs Your Paycheck Controls Your Life

“The person who signs your paycheck controls your life. Shouldn’t that person be you?” ~ Robert Kiyosaki I just saw this quote from Robert Kiyosaki’s facebook page today. Many of us know him as the author of “Rich Dad Poor...

May 28, 2015

This Lower–Income Spouse Tax Splitting Strategy Can Help You!

Other tax issues

This Lower–Income Spouse Tax Splitting Strategy Can Help You!

I was at the Real Estate Investment Network (REIN) annual Authentic Canadian Real Estate (ACRE) event last month. One veteran investor said that she would not touch any real estate investment if it doesn’t provide at least 30% return annually....

May 15, 2015

A Quick Look at the Federal Budget – How Does it Affect Us All?

Other tax issues Small business and real estate

A Quick Look at the Federal Budget – How Does it Affect Us All?

A couple days ago when I was driving to Toronto to visit a client, I heard Justin Trudeau’s radio comment about how much he doesn’t like the new Family Tax Cut and how it makes the rich richer. And he...

April 23, 2015

Other tax issues Principal residence

Principal Residence Exemption – Part 2: Sheltering Capital Gain When Building on Vacant Land

Hello fellow real estate investors, A lot of us have thought about building our dream home. Some of us have even taken this grand plan into action. But only a few recognize the tax impact on building your home on...

March 26, 2015

HST rebate Other tax issues Principal residence Real estate rant

Principal Residence Exemption – Part1: What I learned from the most recent Professional Development course

March break is underway. With the interest rate reduction announced earlier by Bank of Canada, spring market seems to be hotter than ever. Many people are interested in investing in this real estate market, especially the condo market. Recently I...

March 19, 2015

Other tax issues Real estate investment

Tax Filing Deadlines and Penalties

Have you been enjoying the warmer weather outside yet? Despite the great weather, I am not as lucky as my little one, who gets to enjoy the outdoors everyday. We are in the middle of March, usually the toughest time...

March 13, 2015

Other tax issues Real estate investment

How Can You Use Your RRSP to Invest in Real Estate?

Many investors ask me how they can invest their money within their Registered Retirement Saving Plans (RRSPs) in real estate without collapsing the plans and incur a large amount of tax liability. (This article applies to Registered Education Saving Plans...

March 5, 2015

Other tax issues

TFSA or RRSP: Where Should You Put Your Money?

Being a busy mom with a one year old toddler and a small business owner, it isn’t exactly easy to find time to read. Audible has actually become my best friend over the last few years. (For those of you...

February 26, 2015

Other tax issues Real estate corporations

Save $1000s in Tax Liabilities with the Proper Share Structure in Your Real Estate Corporation

Hello fellow real estate investors, Happy Chinese New Year everyone! It is the year of Goat in 2015. Our family wishes everyone a happy and healthy and prosperous year of Goat. Believe it or not, according to this Astrologer from...

February 19, 2015

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Author: Cherry