5 COMMON HST QUESTIONS WHEN SUBSTANTIALLY RENOVATING A PROPERTY
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5 Common HST Questions When Substantially Renovating A Property

Recently more clients have asked me about HST questions when building or substantially renovating a property for a flip. I have spoken about this before here. And I have created this post along with a video to refresh your memory and address…
6 HOUSE FLIPPING TAX TIPS YOU JUST CAN'T AFFORD TO MISS (1)
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6 House Flipping Tax Tips You Just Can't Afford To Miss

Today I am going to share house flipping tax tips for all you renovators out there!We have talked about this before, but with the latest booming real estate market, I am here to refresh your knowledge!With approximately 1 million immigrants…
TAX IMPLICATIONS OF REFINANCING YOUR RENTAL PROPERTY
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Tax Implications of Refinancing Your Rental Property

Over the years many real estate investors have questioned: What are the tax implications when I am refinancing a rental property? Let’s begin with looking at how refinancing works.Say you purchased a property 2 years ago for $500,000.…
HOW TO CLAIM TAX DEDUCTIONS WITH GIFT CARDS
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How to Claim Tax Deductions with Gift Cards as a Landlord

As a landlord and taxpayer, you may wonder how to claim tax deductions on gift cards?Being a landlord myself, I too like to give gift cards to my tenants as a gesture of goodwill. After all, no good deed goes to waste. When you treat your…
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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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The HST Risk Hiding in Converting Commercial to Residential Units

Do you feel a bit chilly these days?It's last week of August and we're already at the low twenties. Robin, my older kid, is counting down her days to start her Senior Kindergarten year.  I hope she would still look forward…
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5 Reasons Why My Airbnb Doesn’t Generate As Much Income As Others

Airbnb is a great way to earn extra money.  It has become some of my clients’ side hustle.  A few of my clients become full-time Airbnb operators.We’ve heard how great Airbnb is and I’ve seen some crazy numbers.One…
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How to Use Buy Renovate Refinance Rent (BRRR) Strategy to Make 1.5 Million in 2 Years

We're up north with the kids this week.My best friend, Monica, shared with me how great her experience with the YMCA Pine Crest family camp was, Erwin & I decided to sign up.We barely made the cut, as there're only limited…
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4 Shocking Tax Mistakes Killing Your Real Estate Investments

Rich Dad Poor Dad is the legendary book that got both Erwin and me started in the journey of real estate investing.So, when my mother-in-law attended a Rich Dad Poor Dad workshop in Hong Kong recently, I was surprised. In the…
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Why Cheat on Tax When You Can Get the Money Back Legitimately

It was such an exciting experience to finally speak on Realtor Quest’s stage on Thursday. I wouldn’t say that I was sharing a stage with Gary Vaynerchuk, but hey, my picture is on the same page as his on the promotional material!Of…