Updates Archives - Page 3 of 10 - Real Estate Tax Tips

Who Reports Profit In A Real Estate Joint Venture

I hear this every week from real estate investors – “I formed a joint venture with a friend. I put in money. He takes care of everything. I haven’t received any cash yet, so I haven’t reported anything.” Or this. ...

September 4, 2025

Updates

The New Build Tax Trap Most Owners Miss

Have you ever finished a brand new build and posted a rental ad the same day you got occupancy? It feels harmless. In a recent Tax Court of Canada case from Ottawa, that simple step helped sink the owner’s GST...

August 22, 2025

Updates

How to Deduct Clothing Expense the Right Way

Who this is for: Small business owners, including corporations. Employees who plan to claim employment expenses. I just read this Financial Post article about a recent Tax Court decision on clothing write-offs for an employee at a luxury retailer: https://financialpost.com/personal-finance/taxes/cra-holt-renfrew-saleswoman-battle-wardrobe-deduction...

August 14, 2025

How a House Painter Built a Thriving Business by Learning to Think Like a CFO

Updates

How a House Painter Built a Thriving Business by Learning to Think Like a CFO

Most people don’t associate house painting with high growth, brand strategy, and financial forecasting. But Brian Young is not most people. Brian started Home Painters Toronto in his first year of university. What began as a side hustle quickly became...

August 1, 2025

7 Real Lessons From a Team That Turned Waste Into Power (and a Billion-Dollar Community)

Updates

7 Real Lessons From a Team That Turned Waste Into Power (and a Billion-Dollar Community)

Most people drive past an abandoned factory and see a liability. Rodney Wilts and his partners saw potential—and had the track record, conviction, and structure to make something extraordinary out of it. Rodney is a former environmental lawyer turned real...

July 24, 2025

Remote Investing with Intention: The Road to 100Doors in Canadian Real Estate

Updates

Remote Investing with Intention: The Road to 100Doors in Canadian Real Estate

Earlier this month, I had the pleasure of interviewing Lisa Michaud on my YouTube channel, Real Estate Tax Tips. Lisa is a real estate coach, intentional investing advocate, and the host of the Golden Girls Podcast. She has built a...

July 17, 2025

How NOT to Report Rental Income When There Is No Real Profit Motive (Taxpayer, The King, 2025)

Updates

How NOT to Report Rental Income When There Is No Real Profit Motive (Taxpayer, The King, 2025)

Sometimes tax law isn’t black and white, especially when it comes to reporting rentalincome in a family arrangement.In the case of this, a Taxpayer claimed rental losses while his family lived in his property. He even reported the income. So...

July 16, 2025

The Best Structure for Canadians Owning U.S. Real Estate

Updates

The Best Structure for Canadians Owning U.S. Real Estate

Are you a Canadian investor considering purchasing property in the United States? Before you dive in, pause for a moment and consider this: Choosing the wrong ownership structure can cost you thousands of dollars in unnecessary taxes. Today, let’s explore...

July 3, 2025

4 Practical Tips on Lowering Your Mortgage Payment + Interest Rate Update

Updates

4 Practical Tips on Lowering Your Mortgage Payment + Interest Rate Update

We’ve officially wrapped up this year’s tax season—what a relief! After reviewing many tax returns, one thing stood out clearly: many homeowners and investors are facing significantly higher mortgage interest costs, with some even experiencing real financial losses. That’s why...

June 27, 2025

8 Tax Advantages You Only Get When You Run Your Own Business

Updates

8 Tax Advantages You Only Get When You Run Your Own Business

If you’re running a business in Canada—whether you’re incorporated or not—there are real, powerful tax strategies available to help you reduce your taxes and reinvest more into your business. These aren’t loopholes. They’re structured incentives, built into the Income Tax...

June 20, 2025

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Category: Updates

Who Reports Profit In A Real Estate Joint Venture

The New Build Tax Trap Most Owners Miss

How to Deduct Clothing Expense the Right Way

How a House Painter Built a Thriving Business by Learning to Think Like a CFO

7 Real Lessons From a Team That Turned Waste Into Power (and a Billion-Dollar Community)

Remote Investing with Intention: The Road to 100Doors in Canadian Real Estate

How NOT to Report Rental Income When There Is No Real Profit Motive (Taxpayer, The King, 2025)

The Best Structure for Canadians Owning U.S. Real Estate

4 Practical Tips on Lowering Your Mortgage Payment + Interest Rate Update

8 Tax Advantages You Only Get When You Run Your Own Business

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