5 Lessons I Learned from My 13th Tax Season
Erwin and I were at Game 2 of the Raptors against Miami Heat series. Oh, it was so much fun! Our star players were still not playing at the same level as how they used to at the regular season,...
Don’t Overlook These 4 Costs When Incorporating Your Real Estate Portfolio
It was a busy weekend in our business. Other than the fact that it is tax season, we were also busy meeting real estate investors answering their questions at the 2016 Real Estate Investment Network SOS event. It has been...
How to Deduct Real Estate Education Courses and Membership Fees the Right Way
This is an exciting week. Other than the fact that this marks the 3rd last week of tax season this year (woo-hoo!), it is our first time having a booth at Real Estate Investment Network’s Real Estate Strategies Opportunities Solutions...
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....
5 Federal Budget Changes that Real Estate Investors Should be Aware Of
Last week, the Trudeau government came out with their budget for the first time. As a mother of two, I get upset at any tax and benefit cut against our children. There is no more Child Fitness Tax Credit (currently...
Dream Big! And What Every Real Estate Investor Ought to Know About Repairs & Maintenance Expense (Part 2)
As a mother of two children under the age of 3, a small business owner, and a real estate investor, I often find myself lacking the time to read. Audiobooks are a life saver. It is the only way I...
What Every Real Estate Investor Ought to Know About Repairs & Maintenance Expense (Part 1)
Hope everyone’s enjoying the spring-like weather in the middle of March. My children are definitely enjoying spending their time outdoor at the park rather than being stuck at home all day long. 🙂 Bruce even got to go on a...
5 Tips to Help Yourself Keep Proper Records for Canada Revenue Agency
Its the time of the year again. Tax season is here and we are all busy wrapping our heads around preparing the tax returns. However, with these few simple steps below, it should be easy enough to sort out your...
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...