canadian government Archives - Real Estate Tax Tips

How to Turn Cash Back Incentive into Tax-Free Money

How to Turn Cash Back Incentive into Tax-Free Money

Did you all have a great long weekend? Canada Day long weekend is always special in our family. My wedding anniversary is on this weekend, while my son’s birthday is also close enough that we all get to celebrate everything...

July 4, 2019

7 Best Back-Office Practices A Real Estate Investor Should Adopt – Part 2

Life Lessons Other tax issues Real estate corporations Real estate investment Real estate rant Repairs and maintenance Small business and real estate

7 Best Back-Office Practices A Real Estate Investor Should Adopt – Part 2

It’s Ontario’s budget date. When the Federal budget was released, the message from the Fed was to spend, spend and spend. Ontario, however, has a pre-budget message to cut, cut and cut. Cutting taxes and cutting funding for schools and...

April 11, 2019

4 Simple Ways to Solve the Canadian Housing Issue

Life Lessons Other tax issues Principal residence

4 Simple Ways to Solve the Canadian Housing Issue

A few months ago, I saw a piece of artwork at Queens Quay park. The artist was expressing the ideal of “everyone is entitled to have a place to live” through this art piece. Erwin and I are currently in...

November 16, 2018

The Danger of Reporting Multiple Years of Losses

Real estate corporations Real estate investment Real estate rant Realtors/real estate agents Small business and real estate

The Danger of Reporting Multiple Years of Losses

A couple of months ago, I met with a real estate investor for an initial consultation. As part of the process, I asked him what his long-term goals are. He said, “I would like to give up my job one...

October 30, 2018

How to Pay 13.5% Small Business Tax on Rental Income

Real estate corporations Real estate investment Real estate rant Realtors/real estate agents Small business and real estate

How to Pay 13.5% Small Business Tax on Rental Income

Did you see this headline – “Liberal government writes off $1.1B US loan, plus interest, docs show” on MSN.com? Federal government wrote off a loan made to Chrysler during the 2009 global economic meltdown. I believe in making progress in...

October 25, 2018

The Secret of Understanding Canadian Real Estate Market

Capital cost allowance Real estate investment

The Secret of Understanding Canadian Real Estate Market

A single parking space in Hong Kong has sold for $765,000 according to this Toronto Star article. $765K Canadian Dollars! My parents bought a couple of parking spots in Hong Kong for self-use for $367K late last year. Of course,...

July 12, 2018

The Proposed Tax Changes Won’t Affect the Most Wealthiest Canadians

Real estate rant

The Proposed Tax Changes Won’t Affect the Most Wealthiest Canadians

Recently I have been taking some portrait classes. When I was a teenager, one of my favourite things to do was to draw and paint. I did a lot of that in school. At one point, I applied to become...

November 2, 2017

#MeToo and Update on the Proposed Tax Change

Other tax issues Real estate rant Small business and real estate

#MeToo and Update on the Proposed Tax Change

Most of you have already heard of the sexual harassment stories of Harvey Weinstein, the powerful American film producer, who allegedly used his position to sexually harass and assault many actresses. Many actresses spoke up about Harvey since the initial...

October 26, 2017

2 Steps to Counter the Proposed Tax Changes Now

Other tax issues Small business and real estate

2 Steps to Counter the Proposed Tax Changes Now

We had a rare big family gathering last weekend, as Erwin’s cousin and his family visited from Hong Kong. One of Erwin’s younger cousins is planning his wedding for the coming year. They are planning to have their wedding at...

October 19, 2017

Everything You Need to Know About Paper Flipping/Assignments Taxation

Real estate rant Uncategorized

Everything You Need to Know About Paper Flipping/Assignments Taxation

I am so grateful that we have organizations like Fraser Institute, calling out the government’s lies. Their latest report released on Sept 26 was about how ALL Canadians are paying more taxes, including the middle class, wealthy, everyone. ...

September 27, 2017

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