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How To Qualify For Mortgage Financing In A Corporation

Many real estate investors work with our team to set up a proper corporation structure so that they can invest to achieve their long-term goals.If you have been in the real estate industry for a while, you would have probably heard that…
5 Ways to lower capital gains tax on the sale of your rental property
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5 Ways To Lower Capital Gains Tax on Sale of Your Rental Property

The previous article discusses how to calculate rental property capital gains tax on sale of your rental property.In this article, I discuss five ways that you can use to lower your capital gains tax when you sell your rental properties.…
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How To Calculate Rental Property Capital Gains Tax?

RENTAL PROPERTY CAPITAL GAINS TAX WITH CHERRY CHANFor those of you selling their principal residence, you likely won’t have to pay any tax on your home, provided you meet certain conditions. For those of you who want to sell a rental,…
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How to Maximize Return on Investment Using Savings & Line of Credit

A bunch of our friends and I started a small charity a few years ago.Did you know... 37% of Hamilton children go hungry over the holidays.Our goal was to provide holiday dinners to people who're in need.We fed over one thousand families…
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How to Maximize HST Claims When Purchasing a New Vehicle

My cousin got married in May 2016 in Hong Kong.Robin was 2.5 years old, and Bruce was 10-month-old at the time.We would have cramped in a less than 800 square foot condo one bathroom with a total of 4 adults and two kids with my family if…
Canadian Real Estate
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The Secret of Understanding Canadian Real Estate Market

A single parking space in Hong Kong has sold for $765,000 according to this Toronto Star article.$765K Canadian Dollars!My parents bought a couple of parking spots in Hong Kong for self-use for $367K late last year.Of course, my parents’…
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Lease vs. buy: How to get a new car that maximizes tax savings

Our lease on our Honda Odyssey was ending coming October.One of our friends got a plug-in hybrid earlier this year. This plug-in hybrid is considered a "green vehicle" which would allow him to drive on HOV lane on 400 series highway.For…
buying Pre-construction Homes
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Case Study Follow Up: 5 Lessons Learned from Lily Buying MULTIPLE Pre-construction Homes

This is a special week for our family.We got to celebrate Fathers day with my father-in-law.We got to welcome the family of Sharmein, who's our kids' nanny, to our house.They arrived Tuesday evening.Sharmein understandably was very excited.…
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6 Tax Tips That Flippers or Renovators Should Not Miss

With the 1 million immigrants coming to Canada in the next 3 years (historically about 40% come to Ontario), it's almost inevitable that we'll have housing shortages and crazy rental increases.It's basic economic principal – supply and…
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Top 10 Deductions a Real Estate Investor Should not Miss [Revisited]

2018 is an exciting year.I shared with all of you in an earlier blog post about my 'why', my reason for doing all that I do, which is to be the best I can be.To do this with my accounting practice, I've made some plans to provide more…