Posts

, , , , ,

Why Incorporate When You Can Invest in RRSP?

You may have already known, I am an accountant. This means that I have to look at numbers all the time.I have always been equipped with two monitors, one from my laptop and one extra monitor.Recently I had the opportunity to upgrade…
, , , , , , , , ,

4 Shocking Tax Mistakes Killing Your Real Estate Investments

Rich Dad Poor Dad is the legendary book that got both Erwin and me started in the journey of real estate investing.So, when my mother-in-law attended a Rich Dad Poor Dad workshop in Hong Kong recently, I was surprised. In the…
, , , ,

How to Write Off 100% of Your Car and Save $22,826 of Tax Immediately

Raptors won!It was a nice surprise to hear “let’s go Raptors” when they’re playing in Oakland, Golden State Warriors’ home court.It gave me chills when I saw online that there were a dozen of Raptors fan gather in Golden…
, , , , , , ,

Why Robert Kiyosaki said Everyone Needs to Know Accounting to Achieve Financial Freedom

Raptors won last night at Game 5 and I'm in a great mood today.When everyone expected them to lose, they came out with a win in an away game at Milwaukee. It's almost as if we broke the curse.They didn't start off the series right.…
, , , , , ,

7 Best Back-Office Practices A Real Estate Investor Should Adopt – Part 1 

I saw this post a while ago on my FB feed. A friend of mine wanted to "stop" Doug Ford to cut OSAP.Most of us only read the news from its title/headline.  If you see the title of Doug Ford cutting OSAP, I personally would…
, , , , ,

Do You Recognize These Six Tax Changes for 2018?

Have you ever heard of the term Fear of missing out (aka FOMO)?FOMO is part of the reason why most of us are so addicted to social media. We’re worried that we’re missing out something, which for the most part, is nothing.This…
, , , , , ,

How to Split Income From Your Real Estate Portfolio Under the New Income Splitting Rule

Happy Valentine’s day everyone!It has been quite a week getting back from the sunny south to this winter wonderland.I just had a great conversation with my tax mentor, a retired partner at Deloitte to discuss the possibility of…
, , , ,

You Don’t Have to Buy a Jet like Grant Cardone to Avoid Paying Tax

I listened to Grant Cardone's book the 10X Rule: The Only Difference Between Success and Failure.It was intriguing. His idea was that we could set a goal a lot higher than what we think we could achieve, and you could still achieve it…
, , , , , ,

A Simple Way to Minimize Taxes That Works for Airbnb Owners

New year resolution is tough.Waking up early is tough when you have an event the previous night. I'm already falling off the waggon on the 2nd week of January.But... it was a lot of fun doing a presentation on Airbnb.…
,

How You Can Lower Your 2018 Tax Bill Almost Instantly

As we’re approaching the end of 2018 and I’m still scrambling to complete my Xmas shopping,  I am going to make this blog post short and sweet. :)I am going to leave you a couple of tax tips you may want to consider (rush to do)…