Tag: Deduction

You’ve heard you can build a fourplex on a regular lot now.  The rules changed. Everyone got excited. But almost nobody explains how these deals actually work, or whether they’re right for you.  So here’s the honest version.  It’s a machine, and it runs in order  Missing...

Let me start with something most accountants would never admit in public.  I got audited.  Me. A CPA who does this for a living. I file my own taxes carefully, I know the rules, and the Canada Revenue Agency still...

If you are reading this, chances are you already own at least one rental property. You picked real estate for a reason and understand how leverage works. You watched your equity climb while your tenant paid down your mortgage. So why am...

Let me start with the truth most parents don’t want to hear.  If you invest in Canada and you make money, at some point someone has to pay the tax.  If you don’t pay it today, your kids who inherit your property will pay it later. That is...

Most people assume tax is tax. Money comes in, you hand some of it over to the government, and that is the end of the story.  But what if I told you there is an account inside your corporation that lets you...

I recently sat down with a client I’ll call Sandra.  Sandra is 58 years old. She earns $130,000 a year as a vice-principal in Mississauga and has saved consistently her whole career. She bought a rental property at the right time, plans to retire...

Ontario dropped its 2026 budget today.  There is a lot in it. Most of it will not affect you.  But some of it will. And I want to make sure you know exactly what changed, what it means for your money,...

Most Canadians know why they should contribute to an RRSP.  You get a tax deduction today. Your investments grow inside the plan without being taxed each year. You defer the tax until later, hopefully when your income is lower.  It...

Most incorporated business owners hit a moment where they realize something uncomfortable.  The money is there. The corporation has been profitable for years. Retained earnings have built up. But every time they try to take money out, the tax bill is enormous. So the...

More Than Half of Canadians Have No Will. Here Is What Actually Happens to Your Money When You Die. I want to start with two numbers. 53%. And 42%. A 2024 survey by Narrative Research found that 53% of Canadians...