CRA Archives - Page 10 of 10 - Real Estate Tax Tips

Contractors: Here’s a Quick Guide to Progress Billing

HST rebate Other tax issues Should I incorporate?Small business and real estate

Contractors: Here’s a Quick Guide to Progress Billing

Thank you for the overwhelming feedback for my last week’s blog post about my dad. I am extremely grateful to be able to share such an inspiring life story. I consider myself as a gritty person because I have the...

August 30, 2018

Ontario Landlord Watch Conference & 3 Common HST Scenarios When Building a New House

HST rebate Real estate investment

Ontario Landlord Watch Conference & 3 Common HST Scenarios When Building a New House

Today, I got the opportunity to speak to Kayla, the founder of a group called Ontario Landlord Watch. She has started Ontario Landlord Watch initiative since 2010, acting as a voice to our government advocating fairness among landlords and tenants...

August 15, 2018

5 HST Planning Tips for Developers and Builders

HST rebate Other tax issues Real estate investment Small business and real estate

5 HST Planning Tips for Developers and Builders

This summer has been tough. A close client passed away suddenly at the age of 52, leaving his wife, his children, his family, friends and JV partners all in shock. At the visitation of his funeral, packed with his friends...

July 27, 2018

Lease vs. buy: How to get a new car that maximizes tax savings

Capital cost allowance HST rebate Other tax issues

Lease vs. buy: How to get a new car that maximizes tax savings

Our lease on our Honda Odyssey was ending coming October. One of our friends got a plug-in hybrid earlier this year. This plug-in hybrid is considered a “green vehicle” which would allow him to drive on HOV lane on 400...

June 28, 2018

Case Study Follow Up: 5 Lessons Learned from Lily Buying MULTIPLE Pre-construction Homes

Capital cost allowance HST rebate Real estate investment

Case Study Follow Up: 5 Lessons Learned from Lily Buying MULTIPLE Pre-construction Homes

This is a special week for our family. We got to celebrate Fathers day with my father-in-law. We got to welcome the family of Sharmein, who’s our kids’ nanny, to our house. They arrived Tuesday evening. Sharmein understandably was very...

June 21, 2018

5 Impacts on Transferring Rental Properties into a Corporation

Articles Corporation Real estate corporations Real estate investment Real Estate Investors Rental Property

5 Impacts on Transferring Rental Properties into a Corporation

Real estate investors usually start investing in their personal names. It’s easy, simple, and the cheapest form of ownership. Once they test the water, many of them decide that they will continue their investing journey. Some investors even take it...

November 9, 2017

The CRA’s Recent Court Order on Real Estate Flipping

Real estate investment

The CRA’s Recent Court Order on Real Estate Flipping

How did you spend your Thanksgiving this past weekend? We spent the Saturday with a bunch of Superheroes delivering food baskets to 300 families at the Hamilton Basket Brigade . Delivering to 300 families was no easy job. Normally, Erwin...

October 13, 2017

Do You Make These Mistakes When You File Rental Income in Your Corporation?

Capital cost allowance Real estate corporations Real estate rant

Do You Make These Mistakes When You File Rental Income in Your Corporation?

Happy belated Easter everyone! I hope all of you enjoyed your Easter as much as I did. We are so fortunate that our neighborhood hosted an annual Easter Egg Hunt every Easter Sunday. We have been participating ever since we...

April 20, 2017

4 Recent Tax Updates That Would Affect Principal Residence Deduction

Capital cost allowance HST rebate Other tax issues Principal residence

4 Recent Tax Updates That Would Affect Principal Residence Deduction

It’s getting cold. Before it gets to freezing cold, we took our kids to a nearby farm to pick apples this past weekend. As we parked our car to enter the farm, we saw two bus loads of Chinese tourists...

October 26, 2016

Other tax issues Principal residence Real estate rant

Why Foreign Buyers Shouldn’t be Blamed for Rising Housing Prices

3 reps of 155lbs deadlifts! 🙂 If you don’t know what deadlifts are, I’ve attached my own pictures here for your reference. 🙂 (You can probably see that I was biting my lips for my final lift.) Honestly, 155lbs in...

September 15, 2016

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