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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…
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6 Ways to Decide Paying Yourself Dividend or Salary

Many real estate investors and small business owners wonder if they should pay themselves salaries or dividends from their corporation. I started off paying myself all dividends in the early days.  Nowadays, I pay myself a combination…
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5 Promises Real Estate Investors Should Look For in the 2021 Canadian Federal Election

We are expecting an election this fall. ☹Our economy isn’t even fully open yet and we’re already expecting an election in September. In 2019, I attended an event featuring Michelle Obama in Hamilton. She was…
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The Quickest & Easiest Guide to Laneway House Tax Implication

Building laneway houses have become a popular investment strategy in Ontario.Most investors buy a house on a big lot, convert the original house into two units and build a brand-new laneway house in the back.These strategic investors…
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4 Considerations You Shouldn’t Miss When Buying an Investment Property

We bought a turnkey legal secondary suite home on Hamilton market last week.It was one of the easiest purchases we have done. What kind of investment strategy should I be buying?I've only invested in single…
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Canadians are taxed on Illusory Capital Gains

We had some fun this week.Our team, together with our extended Stock Hacker team and iWIN Real Estate team, came together and spent a day on the water at the Toronto Waterfront.When I see the picture of our entire team, it triggered…
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5 Ways to Invest Your RRSP/TFSA that Beat the Bank

Many of our clients are real estate investors and real estate agents. They often asked me how they could potentially lower the tax liabilities and how they could use their registered funds to invest in real estate. What…