Posts

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How To Qualify For Mortgage Financing In A Corporation

Many real estate investors work with our team to set up a proper corporation structure so that they can invest to achieve their long-term goals.If you have been in the real estate industry for a while, you would have probably heard that…
5 Ways to lower capital gains tax on the sale of your rental property
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5 Ways To Lower Capital Gains Tax on Sale of Your Rental Property

The previous article discusses how to calculate rental property capital gains tax on sale of your rental property.In this article, I discuss five ways that you can use to lower your capital gains tax when you sell your rental properties.…
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How To Calculate Rental Property Capital Gains Tax?

RENTAL PROPERTY CAPITAL GAINS TAX WITH CHERRY CHANFor those of you selling their principal residence, you likely won’t have to pay any tax on your home, provided you meet certain conditions. For those of you who want to sell a rental,…
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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…
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How to Use Buy Renovate Refinance Rent (BRRR) Strategy to Make 1.5 Million in 2 Years

We're up north with the kids this week.My best friend, Monica, shared with me how great her experience with the YMCA Pine Crest family camp was, Erwin & I decided to sign up.We barely made the cut, as there're only limited…
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Tax Man Doesn’t Want You to Read This Court Case

Recently, I saw a headline, “Condo flippers beware: The taxman is watching you, and has new tools at his disposal to ‘take action’” on Financial Post.It’s an interesting case as the court sided with the taxpayer’s position. …
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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 all at…
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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. In the…
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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 Golden…
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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 promotional material!Of…