Cherry, Author at Real Estate Tax Tips

How to Buy your First Home with Little Money

How to Buy your First Home with Little Money

When you decide to buy your first home, it isn’t an easy step. My first home was a one bedroom condo located in Richmond Hill. It was a great little place at the time. I remember that I had aggressively...

March 31, 2022

How to Deduct Travel Expenses for Investors

Articles Life Lessons Real Estate Investors Tips

How to Deduct Travel Expenses for Investors

Real Estate Investors often ask me, “Can I deduct travel expenses, and if yes, then how?”. Generally speaking, you can deduct expenses that you incur to earn business income/rental income, subject to a bunch of exceptions, as specified in the...

March 24, 2022

CRA Audit: Real Estate Compliance Tips & Tricks

Articles Life Lessons Real Estate Investors Tips

CRA Audit: Real Estate Compliance Tips & Tricks

Real Estate Investors often ask me, how do I prevent myself from a CRA audit? Non-compliance can be a concern for any real estate investor if you become a victim of targeted audits. CRA released a report in 2011. In...

March 22, 2022

5 Ways To Prepare Yourself For Interest Rate Hike

Articles Life Lessons Real Estate Investors Tips

5 Ways To Prepare Yourself For Interest Rate Hike

What does the BOC’s interest rate hike mean? In the past two years, the Canadian government had done two things to help fellow Canadians to pass this tough pandemic time. Lots of subsidies, grants, and benefits were offered to local...

March 22, 2022

5 Ways To Earn Extra Income & Tax Implications

Articles Life Lessons Real Estate Investors Tips

5 Ways To Earn Extra Income & Tax Implications

We all want to build extra income. And to do so… We build businesses in a proper corporate structure, so we get tax deductions and pay less tax. We invest in real estate because it creates long-term wealth. We trade...

March 22, 2022

Articles Real Estate Investors Tips

How to Get Staycation Credit?

Staycation. Tax. Credit. Three words that sound so appealing put together. We all need a getaway from time to time. If you could get a tax credit to staycation and explore our beautiful province, wouldn’t that just be lovely? Although...

March 22, 2022

How to Deduct Moving Expenses the Right Way

Articles Real Estate Investors Rental Property Tips

How to Deduct Moving Expenses the Right Way

Did you move this year? Or, are you planning to move this upcoming year? During the pandemic, a large number of Canadians have moved from the cities to the suburbs, trying to find more space in and out of their...

March 22, 2022

Articles Real Estate Investors Real estate rant Rental Property Tips

Airbnb Taxes Every Host Should Know

Are you wondering about your Airbnb taxes as a short-term rental’s host? Or are you in the market to sell your Airbnb, wondering about the tax implications associated with it? Last week I spoke to you about “HST Rebate on...

March 22, 2022

HST rebate Life Lessons Other tax issues Real Estate Investors Real estate rant

What’s the HST Rebate on New Home?

A HST rebate on your new home? Can you potentially get one? Many of my clients have been asking me, excited about their recent new homes for themselves and as rentals, if they qualify for the HST rebate. A client,...

February 3, 2022

Avoid Capital Gains Tax When Moving To A Rental Property

Capital cost allowance Capital Gains Tax Other tax issues Principal residence Real Estate Investors Rental Property

Avoid Capital Gains Tax When Moving To A Rental Property

Capital Gains Tax and your Rental Property Are you worried about Capital Gains Tax when moving into your rental property as well? Recently, many of my clients have asked me about it. Some clients are in transition, staying in their...

January 27, 2022

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Author: Cherry

How to Buy your First Home with Little Money

How to Deduct Travel Expenses for Investors

CRA Audit: Real Estate Compliance Tips & Tricks

5 Ways To Prepare Yourself For Interest Rate Hike

5 Ways To Earn Extra Income & Tax Implications

How to Get Staycation Credit?

How to Deduct Moving Expenses the Right Way

Airbnb Taxes Every Host Should Know

What’s the HST Rebate on New Home?

Avoid Capital Gains Tax When Moving To A Rental Property

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