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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…
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Why Robert Kiyosaki said Everyone Needs to Know Accounting to Achieve Financial Freedom

Raptors won last night at Game 5 and I'm in a great mood today.When everyone expected them to lose, they came out with a win in an away game at Milwaukee. It's almost as if we broke the curse.They didn't start off the series right.…
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Why I Learned from My Mistake (And Maybe You Should Too)

I made a mistake.It’s sad but I made a mistake. It was the last week of November. In a week or so, our family would be going on vacation in the south.Canadian winter is hard to predict.  Sometimes, you get snow in…
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3 Short Videos on How to Pay Less Tax and Stay on the Right Side of the Tax Man

Snowstorms, extreme cold weather alerts, school closures, kids sick… those are just a few things that we, Canadians, have battled with this past week.Kids ain't afraid of the cold. Had so much fun making snow angel and sleeping in the…
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The Ugly Truth About CRA HST New Housing Rebates

My dad, being the grandpa, hadn't seen my kids for years, until last month.My kids are just three and four years old, and they don't know any better.  When we go shopping at a store, they generally don't ask to get anything.When…
New home tax
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Answered: Your Most Burning Tax Questions About Building a New House

In today's blog, I'm going to be going over all the tax-related questions I've seen asked regarding building a new house from scratch. You might be looking into your local residential building contractors to see who can help you build your dream…