Cherry, Author at Real Estate Tax Tips

Purchasing a Vehicle With Your Real Estate Corporation

Purchasing a Vehicle With Your Real Estate Corporation

When we found out we were expecting Bruce, the first thing we did to get prepared was trade in my small sedan for an 8-seat minivan. It is a nice and highly rated van, big enough to accommodate our growing...

August 6, 2015

Other tax issues

Be Aware of the Price You Pay for Additional UCCB and other Invisible Taxes

I just got a letter from the government saying that the Universal Child Care Benefits (UCCB) is now increased to $160 per child for children under the age of 6. This is even retroactive to the beginning of this year....

July 24, 2015

Documentation matters when it comes to CRA audit

Other tax issues Real estate rant

Documentation matters when it comes to CRA audit

Starting in 2011, Canada Revenue Agency (CRA) has been going after the New Home HST rebate program for a few years now. Many of the new home buyers intended to move into the new homes, but circumstances change in the...

July 16, 2015

Our Children’s Future Education: Using Real Estate Instead of RESPs

Real estate investment Real estate rant

Our Children’s Future Education: Using Real Estate Instead of RESPs

It’s difficult for me to picture how I will be when this blog post is posted. My son, Bruce, will be a week old and I will be exhausted. Last blog post, I discussed how we got ourselves ready for...

July 9, 2015

Real estate rant

The Birth of a Child, Life Insurance and Moving into a New Home: How to Plan for the Near Future

By the time you read this post, hopefully our new baby will have been born. He’s our second child. I still remember how busy we were trying to get ready for Robin’s arrival, our first child. This time we are...

July 2, 2015

Starting from Nothing to Owning a Million Dollar Home in 15 Years! The Canadian Dream Does Come True!

Real estate rant

Starting from Nothing to Owning a Million Dollar Home in 15 Years! The Canadian Dream Does Come True!

When I said nothing, I really mean nothing. My uncle, Uncle John, who’s merely 7 years older than me, had nothing when he first landed in Canada. It wouldn’t be far off if you use the term FOB (Fresh Off...

June 25, 2015

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

Other tax issues Real estate corporations

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

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Author: Cherry