Principal residence Archives - Real Estate Tax Tips

Avoid Capital Gains Tax When Moving To A Rental Property

Avoid Capital Gains Tax When Moving To A Rental Property

Capital Gains Tax and your Rental Property Are you worried about Capital Gains Tax when moving into your rental property as well? Recently, many of my clients have asked me about it. Some clients are in transition, staying in their...

January 27, 2022

How to Use Buy Renovate Refinance Rent (BRRR) Strategy to Make 1.5 Million in 2 Years

HST rebate Principal residence Real estate corporations Real estate investment Real estate rant Realtors/real estate agents Repairs and maintenance Small business and real estate

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...

August 1, 2019

Tax Man Doesn’t Want You to Read This Court Case

Other tax issues Principal residence Real estate investment Realtors/real estate agents

Tax Man Doesn’t Want You to Read This Court Case

Recently, I saw a headline, “Condo flippers beware: The taxman is watching you, and has new tools at his disposal to ‘take action’” on Financial Post. It’s an interesting case as the court sided with the taxpayer’s position. Before I...

July 19, 2019

4 Reasons I Switched to A Fixed Rate Mortgage

Other tax issues Principal residence Real estate corporations Real estate investment Realtors/real estate agents

4 Reasons I Switched to A Fixed Rate Mortgage

Mortgages can be a tough river to cross as there are many factors to consider. Many of us understandably want the lowest rates possible when getting a mortgage. And if you don’t know already, the interest rate for a 4-year...

July 10, 2019

4 Shocking Tax Mistakes Killing Your Real Estate Investments

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

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. ...

June 13, 2019

The Quickest and Easiest Guide to Understand 2019 Federal Budget for Real Estate Investors

Other tax issues Principal residence Real estate investment Realtors/real estate agents Small business and real estate

The Quickest and Easiest Guide to Understand 2019 Federal Budget for Real Estate Investors

I walked into a Rogers store this week looking for a new phone. I had been using Blackberry KeyOne for the last year and a half. The phone is still great, but it just doesn’t give me much flexibility doing...

March 22, 2019

Why I Learned from My Mistake (And Maybe You Should Too)

HST rebate Life Lessons Other tax issues Principal residence Real estate investment Realtors/real estate agents Repairs and maintenance

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,...

March 7, 2019

The Ugly Truth About CRA HST New Housing Rebates

HST rebate Other tax issues Principal residence Real estate investment

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...

December 12, 2018

4 Simple Ways to Solve the Canadian Housing Issue

Life Lessons Other tax issues Principal residence

4 Simple Ways to Solve the Canadian Housing Issue

A few months ago, I saw a piece of artwork at Queens Quay park. The artist was expressing the ideal of “everyone is entitled to have a place to live” through this art piece. Erwin and I are currently in...

November 16, 2018

One Tip on Startup & 5 Tax Considerations Buying a place for University Kids

Principal residence Real estate rant Small business and real estate

One Tip on Startup & 5 Tax Considerations Buying a place for University Kids

We are back at the Realtor Quest this year. This is our third year at the event. It’s always interesting to meet a few familiar faces and so many new faces. One realtor that I spoke with last year came...

May 31, 2018

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Category: Principal residence