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Top 10 Tax Deductions Real Estate Investor Should Not Miss

Today is a big day.   Today is the first day of 3-day full day training for our March Stock Hacker Academy beginner course. We added in an all-new day to make sure our students can get the most out of it.  As always,…
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Top 5 questions asked about RRSP & TFSA

I just finished a webinar on how to use RRSP & TFSA to split income with low income spouses and minimize overall family taxes for my clients last Friday.  It is RRSP contribution season right now.  I thought I would take…
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The Ugly Truth About Primary Residence Exemption

Happy Lunar New Year.  I spent the New Years Eve last night sharing about my journey with stock hacking.  It was a tough presentation to do, given that I wasn’t the subject matter expert.   If you missed it,…
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Discover this Secret Weapon that Protects You from CRA Audit

It’s chilly today.   We had so much excitement from the last week.  We listed our home for sale the last week and we relocated our entire family to the hotel to accommodate all the showings.   Yes, we had to…
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Why You Shouldn’t Setup Corporation to Own Investment Properties

Today is a special day.  Today is the day my own home is listed for sale.  Yes, we’re moving! I’m no stranger to moving.  I moved from Hong Kong to Toronto over 20 years ago.  I stayed in North York for two years before…
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Here's a Quick Guide to Bitcoin Taxation

Here’s a Quick Guide to Understand Bitcoin Taxation Happy New Year.  We celebrated my daughter’s birthday over the holidays, I couldn’t believe she turned 7 already!   It’s unfortunate that we have to start…
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3 Year-end Tax Update You Should Not Miss

What a year!   If you have followed my blog post long enough, you would have known about our charity – Hamilton Basket Brigade.   We got a large quantity of shoe donation from a wholesaling company that’s shutting…
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Debunking the Biggest Myth About Owning Rental Properties in a Corporation

When you put your name out there and share your knowledge, it’s inevitable that some other people do not agree with you. Earlier this week, someone made a comment on my Instagram post that investors would pay double taxation if they setup…
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How to Qualify for Financing for Rental Properties in a PREC

Our realtor clients are asking us, “how do we qualify for financing in my PREC?” Before I dive deep into this conversation, you should check out my previous article on whether you should own rental properties in a PREC. Before you…
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Avoid this Major Tax Landmine When You Setup Your PREC

One of our business core values is to Always Do the Right Thing.  Core value is like the guiding principle in both my business and personal life.  When I am in a difficult situation, I always go back to the basics, which is…