5 Ways to lower capital gains tax on the sale of your rental property
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5 WAYS TO LOWER CAPITAL GAINS TAX ON SALE OF YOUR RENTAL PROPERTY

The previous article discusses how to calculate rental property capital gains tax on sale of your rental property.In this article, I discuss five ways that you can use to lower your capital gains tax when you sell your rental properties.  The…
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Top 10 Tax Deductions as a Real Estate Investor

Can you believe it’s November already?Our team is preparing for tomorrow’s client only webinar to go through our bookkeeping procedures with clients.It got me thinking, we should reiterate with everyone what real estate investors…
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Case Study on Buying vs Leasing a Vehicle

Did you hear, Hertz ordered 100,000 Tesla Model 3 cars, despite the fact that Elon Musk, founder of Tesla, tweeted that there’s no deal?As some of you know, I have been planning to buy a Tesla at the end of my Honda Odyssey lease next…
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Fixed or Variable: if Bank of Canada Increases Rates 8x in the Next Two Years?

A couple of weeks ago, Financial Post released an article that says Scotiabank sees eight Bank of Canada interest rate hikes by end of 2023. 8 interest rate hikes!  Yikes!As a real estate investor myself, I couldn’t…
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Top 7 Considerations When You Invest with a Partner

Erwin and I met each other 10 years ago.At the time when I met him, I was the classic middle-class example described in the book Rich Dad Poor Dad.   I lived paycheck by paycheck, I spent all my money on a nice Mercedes and…
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How to Write-off Medical Expenses as Business Deduction Legitimately

A handful of my self-employed clients recently reached out to ask us about Health Spending Accounts (HSAs). HSAs are essentially self-insured health plans that allow employers to provide health care benefits to employees’ tax free. Employers…
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How to Turn a Sour Private Lending Deal to $150,000 profit in 2 years

A friend of mine entered a private lending deal in 2019.For those of you who don’t know much about private lending, basically, we get to be the bank and lend money to others and charge interest in return.There are a few advantages…
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Whoever deals with most Sh!t wins

I first heard about this line years ago from Nick Karadza at the Rock Star Inner Circle member event.When I was in my early twenties, I thought success means that living in a nice home while driving a Mercedes.   I did it to appear…
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Be aware of the TFSA Maximizer Schemes

I was lucky enough to golf with a couple of friends and clients yesterday at a local golf course located in a residential neighborhood.We often had to cross local streets to get from one hole to the next.  At one of the…
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Unreported Global Income Isn’t the Main Cause for Canadian Housing Crisis

A recent headline from Global News caught my eyes “CRA study from 1996 found migrants bought BC luxury homes despite having low incomes”.CRA conducted a study 25 years ago in 1996 found that a majority of homes bought in Burnaby…