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How to Deduct Capital Cost Allowance in the Most Tax Advantageous Way?

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...

February 19, 2016

Other tax issues Real estate investment

How to Deduct Your Home Mortgage Interest Using the Cash Flow from Your Rental Properties

For the majority of Canadians, we start our investing journey with saving up a sufficient downpayment to buy our first home. If you’re lucky, you might be able to secure a mortgage with a very low down payment. Over time,...

November 12, 2015

How to Deduct Taxes with Gift Cards While Being a Nice Landlord

Other tax issues

How to Deduct Taxes with Gift Cards While Being a Nice Landlord

Erwin and I believe that if you treat people nice, most of the time, they will also treat you nice as well. Whenever we visit our tenants, we always try to buy some treats or gift certificates for them to...

August 27, 2015

Small business and real estate

Discover Secret Vehicle Expense Deductions for Your Rental Properties and Small Business

Hello fellow real estate investors and small business owners, Ever since Robin was born, we noticed that a small 4-door sedan just isn’t big enough for a family of four (including our furry baby, Jackson, a 50lb German Sheppard mixed)....

November 13, 2014

Capital Gains Tax Real estate investment Real Estate Investors Tips Updates

The Unfair 2024 Federal Budget

We’ve all heard about the news by now, but below are the summary of how the 2024 Federal Budget affects real estate investors in Canada. Proposed Changes to Capital Gains Inclusion Rates The proposed adjustments to capital gains inclusion rates...

April 18, 2024

LP/GP Unraveled: Tax Efficiency and T5013 Clarifications for Investors

Real estate investment Real Estate Investors Tips Updates

LP/GP Unraveled: Tax Efficiency and T5013 Clarifications for Investors

Investing in Limited Partnerships (LPs) within the LP/GP structure offers unique opportunities and benefits for real estate investors. LPs provide investors with the chance to participate in lucrative ventures while minimizing active management responsibilities. However, navigating the complexities of LP...

April 5, 2024

Your T1 Tax Roadmap: 8 Key Tips for a Smooth Journey

Real estate investment Real Estate Investors Tips Updates

Your T1 Tax Roadmap: 8 Key Tips for a Smooth Journey

Navigating the complexities of tax filing and compliance in real estate investing can be a daunting task. From accurate reporting of rental income and expenses to understanding the implications of property sales and capital cost allowances, there’s a myriad of...

March 28, 2024

How To Claim Home Office Expenses (2024 Update)

Life Lessons Other tax issues Small business and real estate Tips Updates

How To Claim Home Office Expenses (2024 Update)

Working from home has become increasingly common, and for many Canadians, it’s here to stay. But what about claiming home office expenses on your taxes? The rules have changed. This blog post and my latest video on YouTube breaks down...

March 8, 2024

Navigating the Tax Implications of Owning International Real Estate

Articles Life Lessons Other tax issues Small business and real estate Tips Updates

Navigating the Tax Implications of Owning International Real Estate

When you own properties outside of Canada, it imposes another layer of complexity. Let’s explore the tax implications of owing international real estate. You are responsible for the income tax filing in the country that you earn the rental income. Upon...

February 22, 2024

Departure Tax & Ongoing Tax Filing Obligations

Articles Life Lessons Other tax issues Small business and real estate Tips Updates

Departure Tax & Ongoing Tax Filing Obligations

Last week, we clarified what it means to be a Canadian tax resident and how to determine if someone is a Canadian tax resident based on it’s residency ties. This week we are talking about departure tax & ongoing tax...

February 5, 2024

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