small business Archives - Real Estate Tax Tips

How to Deduct Travel Expenses for Investors

How to Deduct Travel Expenses for Investors

Real Estate Investors often ask me, “Can I deduct travel expenses, and if yes, then how?”. Generally speaking, you can deduct expenses that you incur to earn business income/rental income, subject to a bunch of exceptions, as specified in the...

March 24, 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

5 Ways To Prepare Yourself For Interest Rate Hike

Articles Life Lessons Real Estate Investors Tips

5 Ways To Prepare Yourself For Interest Rate Hike

What does the BOC’s interest rate hike mean? In the past two years, the Canadian government had done two things to help fellow Canadians to pass this tough pandemic time. Lots of subsidies, grants, and benefits were offered to local...

March 22, 2022

5 Ways To Earn Extra Income & Tax Implications

Articles Life Lessons Real Estate Investors Tips

5 Ways To Earn Extra Income & Tax Implications

We all want to build extra income. And to do so… We build businesses in a proper corporate structure, so we get tax deductions and pay less tax. We invest in real estate because it creates long-term wealth. We trade...

March 22, 2022

Articles Real Estate Investors Tips

How to Get Staycation Credit?

Staycation. Tax. Credit. Three words that sound so appealing put together. We all need a getaway from time to time. If you could get a tax credit to staycation and explore our beautiful province, wouldn’t that just be lovely? Although...

March 22, 2022

How to Deduct Moving Expenses the Right Way

Articles Real Estate Investors Rental Property Tips

How to Deduct Moving Expenses the Right Way

Did you move this year? Or, are you planning to move this upcoming year? During the pandemic, a large number of Canadians have moved from the cities to the suburbs, trying to find more space in and out of their...

March 22, 2022

Articles Real Estate Investors Real estate rant Rental Property Tips

Airbnb Taxes Every Host Should Know

Are you wondering about your Airbnb taxes as a short-term rental’s host? Or are you in the market to sell your Airbnb, wondering about the tax implications associated with it? Last week I spoke to you about “HST Rebate on...

March 22, 2022

Real Estate Wholesaling Makes A 6 Figure Income

Life Lessons Real estate investment Real Estate Investors Repairs and maintenance Small business and real estate

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 if...

January 13, 2022

Top 10 Tax Deductions as a Real Estate Investor

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

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 can deduct against their...

November 18, 2021

Case Study on Buying vs Leasing a Vehicle

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

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...

November 12, 2021

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Tag: small business

How to Deduct Travel Expenses for Investors

CRA Audit: Real Estate Compliance Tips & Tricks

5 Ways To Prepare Yourself For Interest Rate Hike

5 Ways To Earn Extra Income & Tax Implications

How to Get Staycation Credit?

How to Deduct Moving Expenses the Right Way

Airbnb Taxes Every Host Should Know

Real Estate Wholesaling Makes A 6 Figure Income

Top 10 Tax Deductions as a Real Estate Investor

Case Study on Buying vs Leasing a Vehicle

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