Other tax issues Archives - Page 2 of 15

How to Claim Tax Deductions with Gift Cards as a Landlord

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...

December 23, 2021

How Would Federal Election Result Affect Your Tax Bill

Other tax issues

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...

October 25, 2019

The Ugly Truth About Canadian Tax System

Other tax issues Real estate corporations Realtors/real estate agents Should I incorporate?Small business and real estate

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...

October 11, 2019

4 Most Asked Questions About Travel Expense Answered!

Other tax issues Real estate corporations Real estate investment Realtors/real estate agents Should I incorporate?Small business and real estate

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...

September 18, 2019

The Proven Cash System That Works With All Entrepreneurs

Life Lessons Other tax issues Real estate corporations Real estate investment Realtors/real estate agents Should I incorporate?Small business and real estate

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 peer learning. Participants need to have a...

September 16, 2019

How to Hire Your Children and Split Income Legitimately

Life Lessons Other tax issues Real estate corporations Realtors/real estate agents Should I incorporate?Small business and real estate

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...

September 5, 2019

The HST Risk Hiding in Converting Commercial to Residential Units

HST rebate Other tax issues Real estate corporations Real estate investment Real estate rant Realtors/real estate agents

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...

August 30, 2019

Why Incorporate When You Can Invest in RRSP?

Other tax issues Real estate corporations Real estate investment Realtors/real estate agents Should I incorporate?Small business and real estate

Why Incorporate When You Can Invest in RRSP?

You may have already known, I am an accountant. This means that I have to look at numbers all the time. I have always been equipped with two monitors, one from my laptop and one extra monitor. Recently I had...

August 22, 2019

5 Reasons Why My Airbnb Doesn’t Generate As Much Income As Others

HST rebate Other tax issues Real estate investment Real estate rant Realtors/real estate agents Repairs and maintenance Small business and real estate

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...

August 15, 2019

How to Pay Zero Personal Tax and Receive $30K Income Every Year

Life Lessons Other tax issues Real estate corporations Realtors/real estate agents Should I incorporate?Small business and real estate

How to Pay Zero Personal Tax and Receive $30K Income Every Year

The first time I’ve heard of Jesse Itzler was at the Grant Cardone 10x Event earlier this year. Erwin and I were so fascinated by his speech and I immediately ordered his New York Times Best Selling book, Living with...

August 7, 2019

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Category: Other tax issues