CRA Archives - Page 13 of 15 - Real Estate Tax Tips

How to Get Tax Savings with Losses? Capital Loss vs. Business Loss

How to Get Tax Savings with Losses? Capital Loss vs. Business Loss

This week we will be talking about Tax Savings with Losses (yes, I’m talking about Capital Loss). Lately, we have seen headlines such as… “Stock markets sell off as inflation fears settle in.” “Peak Panic – Crypto Market Teeters After...

May 20, 2022

10 Questions from “Buying a Tesla & Saving $28K in taxes”

Articles HST rebate Life Lessons Other tax issues Real Estate Investors Tips

10 Questions from “Buying a Tesla & Saving $28K in taxes”

A year ago, I recorded a video on how to save $28K of tax payable when buying a Tesla. We’ve since got tons of questions. Since there’s so much information out there, and so many questions unanswered, I decided to...

May 12, 2022

CRA Audit: Real Estate Compliance Tips & Tricks

Articles Life Lessons Real Estate Investors Tips

CRA Audit: Real Estate Compliance Tips & Tricks

Real Estate Investors often ask me, how do I prevent myself from a CRA audit? Non-compliance can be a concern for any real estate investor if you become a victim of targeted audits. CRA released a report in 2011. In...

March 22, 2022

6 Ways to Decide Paying Yourself Dividend or Salary

Corporation Real estate corporations Real estate investment Real Estate Investors Should I incorporate?

6 Ways to Decide Paying Yourself Dividend or Salary

Many real estate investors and small business owners wonder if they should pay themselves salaries or dividends from their corporation. I started off paying myself all dividends in the early days. Nowadays, I pay myself a combination of dividends and...

August 26, 2021

How to Hire Your Children and Split Income Legitimately

Life Lessons Other tax issues Real estate corporations Realtors/real estate agents Should I incorporate?Small business and real estate

How to Hire Your Children and Split Income Legitimately

It has been an exciting week here at my household. Both kids are off to school. Yep, both Robin and Bruce are officially in full-day Kindergarten. We got a letter from his school about Bruce’s class placement. He didn’t get into...

September 5, 2019

How to Turn Cash Back Incentive into Tax-Free Money

Other tax issues Real estate corporations Real estate investment Realtors/real estate agents

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

4 Shocking Tax Mistakes Killing Your Real Estate Investments

HST rebate Life Lessons Other tax issues Principal residence Real estate corporations Real estate investment Real estate rant Realtors/real estate agents Should I incorporate?Small business and real estate

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. ...

June 13, 2019

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

Life Lessons Other tax issues Real estate corporations Realtors/real estate agents Should I incorporate?

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...

June 6, 2019

Why Cheat on Tax When You Can Get the Money Back Legitimately

HST rebate Other tax issues Real estate corporations Real estate investment Realtors/real estate agents Small business and real estate

Why Cheat on Tax When You Can Get the Money Back Legitimately

It was such an exciting experience to finally speak on Realtor Quest’s stage on Thursday. I wouldn’t say that I was sharing a stage with Gary Vaynerchuk, but hey, my picture is on the same page as his on the...

May 31, 2019

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

HST rebate Life Lessons Other tax issues Real estate corporations Real estate investment Realtors/real estate agents Repairs and maintenance Small business and real estate

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....

May 24, 2019

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Tag: CRA