4 Ways to Minimize Taxes on Sale of Rental Properties
“Success is measured by inches, not miles.†For some of my long time blog followers, you know that my goal is to be able to do a strict pull up by the end of this year. I am still working...
Top 6 Considerations When Buying a Rental Property in Your Adult Child’s Name
I always knew I wanted to go to University of Waterloo, despite my parents don’t really know much about it at the time. My dad lives in Hong Kong. All he had heard of was University of Toronto. I always...
The Amazing Secrets of Deciding to Take Out Your RRSP Money to Buy Properties Revealed!
It was a beautiful weekend full of love. We spent Saturday hosting the monthly Mr. Hamilton meeting at Rock Star Brokerage’s office. We then spent a weekend with our families celebrating Father’s Day. Erwin, my husband, and his team shared...
Discover 4 Little Known Exceptions to Deducting Repairs & Maintenance Expense and 3 Common Real Life Examples
Before the last blog post about the Federal budget update, we discussed the tax difference between repairs and capitalized expense. We also discussed the criteria used by CRA to evaluate whether an expense is considered current or capital in nature....
How to deduct full mortgage interest when turning your home into a rental property
Saving money is difficult here in Canada, especially in Ontario. When the government is charging over 50% personal income tax rate, for every dollar you make above the top bracket, you are only left with less than 50 cents to...
3 Things You Need to Know About Deducting Your Line of Credit Interest
My real estate investing journey starts with the Toronto townhouse that I bought for myself. It has been fantastic and I couldn’t be more grateful to own this place. Within the first year, I refinanced it to take out sufficient...
How to Deduct Capital Cost Allowance in the Most Tax Advantageous Way?
I used to be afraid of public speaking. It made me sick just thinking about speaking to a crowd. Last Saturday I spoke at the Rock Star Member Event. There were 600 people in attendance! Amazing crowd as always! I...
6 Tax Changes Coming in 2016 that Will Affect Your Real Estate Investing
Happy New Year everyone! I hope everyone got to enjoy the holidays as much as I did. I surely had a great time hosting a large Christmas party for our family this year. Thanks to Tony, my brother-in-law, we were...
The One Common Thing Between Real Estate Investment and Doing Pull Ups
Being an entrepreneur is not easy. The first person you have to fight against is yourself. When I was in the corporate world, the first thing I did when I got to the office was to log onto Facebook. After...
How to Shelter Taxes in Canada for Foreign Investors
It’s been a long history that Chinese families like to send their kids away for school for different reasons. My dad grew up in a communist country. Even in a communist system, the families were ranked. The higher the ranking,...