accounting Archives - Page 6 of 7 - Real Estate Tax Tips

The Guide to Airbnb taxation to Real Estate Investors

Last week I finally found a place in Florida to stay for our February trip. Last year, we planned a cruise trip. Like all the cruise trips we had been on, we booked an early flight to Fort Lauderdale the...

November 19, 2015

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

The Top Ten Expenses You should Not Miss as a New Real Estate Investor

Other tax issues

The Top Ten Expenses You should Not Miss as a New Real Estate Investor

A few weeks ago, I discussed the election available for Tony, my brother in law, who recently turned his principal residence into a rental. Congratulation to him–he now found a tenant who would stay there for two years. Tony is...

November 5, 2015

How to Pay Yourself and Defer Taxes with Your Income Properties

Other tax issues Real estate corporations

How to Pay Yourself and Defer Taxes with Your Income Properties

“Can I charge myself property management fees?” Many Canadian real estate investors have asked me this, or similar questions, before. You know this type of real estate investor. They manage their properties directly. They spend the time commuting back and...

October 29, 2015

Buying Real Estate in the US? Be Aware of All Potential Pitfalls

Other tax issues Real estate investment

Buying Real Estate in the US? Be Aware of All Potential Pitfalls

Erwin and I were very lucky to score a pair of Blue Jays playoff tickets last minute on Monday for the fourth game. For all the time I’ve been in Canada, close to 20 years now, the Blue Jays have...

October 23, 2015

Going From Donating to 6 Families to Starting Up a Private Foundation: Here’s How You Can Achieve It!

Other tax issues

Going From Donating to 6 Families to Starting Up a Private Foundation: Here’s How You Can Achieve It!

“Can we afford this?”, that’s the question Erwin and I asked ourselves multiple times. We are going to start a charitable foundation called the Basket Brigade, and the main mandate of this foundation is to provide dinners to families who...

October 15, 2015

Real estate corporations

Corporations: Why You Should Not Overlook the Flexibility of Having a Corporation

It’s that time of the year again. It’s rainy and it’s getting cold. For accountants, it’s the less busy time of the year. Many of us use this less hectic time at various professional development courses to update ourselves. It is...

October 8, 2015

Bruce Wayne’s Future Education: Why the 20% “free money” from the government really isn’t worth it?!

Other tax issues Real estate investment Real estate rant

Bruce Wayne’s Future Education: Why the 20% “free money” from the government really isn’t worth it?!

Hello real estate investors, We have nicknamed our son Bruce, Bruce Wayne (Batman), ever since we found out he’s a boy from the ultrasound. We are so used to this name that we decided to name him Bruce. Too bad...

August 21, 2015

Maximizing the principal residence exemption with your cottage

Other tax issues Real estate rant

Maximizing the principal residence exemption with your cottage

We are at our annual cottage trip this week enjoying the beautiful Wasaga beach. We are staying at our friends’ cottage nearby. Packing isn’t exactly the easiest thing. When we didn’t have kids, we would often wait until the day...

August 13, 2015

Purchasing a Vehicle With Your Real Estate Corporation

Other tax issues Real estate corporations

Purchasing a Vehicle With Your Real Estate Corporation

When we found out we were expecting Bruce, the first thing we did to get prepared was trade in my small sedan for an 8-seat minivan. It is a nice and highly rated van, big enough to accommodate our growing...

August 6, 2015

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Tag: accounting