Posts

5 COMMON HST QUESTIONS WHEN SUBSTANTIALLY RENOVATING A PROPERTY
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5 Common HST Questions When Substantially Renovating A Property

Recently more clients have asked me about HST questions when building or substantially renovating a property for a flip. I have spoken about this before here. And I have created this post along with a video to refresh your memory and address…
Real Estate Wholesaling Makes A 6 Figure Income
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Real Estate Wholesaling Makes A 6 Figure Income

Real estate wholesaling properties is not easy.When my clients Don Lewis & Rick Lewis told me that they were giving up focusing on being general contractors for others to develop their real estate wholesaling business, I wasn’t sure…
TAX IMPLICATIONS OF REFINANCING YOUR RENTAL PROPERTY
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Tax Implications of Refinancing Your Rental Property

Over the years many real estate investors have questioned: What are the tax implications when I am refinancing a rental property? Let’s begin with looking at how refinancing works.Say you purchased a property 2 years ago for $500,000.…
Multifamily investing in the US
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How to Purchase 150 Unit Building in the United States

Multi-family real estate investing has become a popular topic among Canadian real estate investors. Multi-family real estate investing may mean small-scale landlords like you and I, buying single-family homes and converting them into…
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Top 10 Tax Deductions as a Real Estate Investor

Can you believe it’s November already?Our team is preparing for tomorrow’s client only webinar to go through our bookkeeping procedures with clients.It got me thinking, we should reiterate with everyone what real estate investors…
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Case Study on Buying vs Leasing a Vehicle

Did you hear, Hertz ordered 100,000 Tesla Model 3 cars, despite the fact that Elon Musk, founder of Tesla, tweeted that there’s no deal?As some of you know, I have been planning to buy a Tesla at the end of my Honda Odyssey lease next…
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Fixed or Variable: if Bank of Canada Increases Rates 8x in the Next Two Years?

A couple of weeks ago, Financial Post released an article that says Scotiabank sees eight Bank of Canada interest rate hikes by end of 2023. 8 interest rate hikes!  Yikes!As a real estate investor myself, I couldn’t…
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8 Ways to Increase Cash Flow from Real Estate Portfolio

I work exclusively with real estate investors and real estate agents.We all believe that real estate investing is a long-term investment vehicle.Most of us start by refinancing our own home, pull out some equity (borrow against our…
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The HST Risk Hiding in Converting Commercial to Residential Units

Do you feel a bit chilly these days?It's last week of August and we're already at the low twenties. Robin, my older kid, is counting down her days to start her Senior Kindergarten year.  I hope she would still look forward…
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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…