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…

How Would Federal Election Result Affect Your Tax Bill

It’s been a crazy few weeks here at my office. Between finalizing the Wealth Hacker Conference program and presentation for the day, to presenting at a few events, it’s was a hectic month. One of the presentation topics was how the…
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The Ugly Truth About Canadian Tax System

Earlier in the summer, I got a bike trailer to replace my double stroller so that we could take our kids around using our bikes. Riding bike was something I did all the time when I was a teenager.  We used to ride from one side…
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4 Most Asked Questions About Travel Expense Answered!

This week, I'm in the wonderful city of Edmonton.In my line of work, I don't get to travel very often. We may travel to attend conferences, but rarely we need to leave the comfort of our own home to visit different cities.When I…
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The Proven Cash System That Works With All Entrepreneurs

On Wednesday, I got to attend a local Entrepreneur Organization Accelerator training day. Entrepreneur Organization (EO) is a global entrepreneur network that helps small business owners to grow through networking and peer to…
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How to Hire Your Children and Split Income Legitimately

It has been an exciting week here at my household.Both kids are off to school. Yep, both Robin and Bruce are officially in full-day Kindergarten.We got a letter from his school about Bruce’s class placement. He didn’t get into…
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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…