tax deduction Archives - Page 8 of 13

BEST TIPS FOR HANDLING MORTGAGE RATE HIKES

BEST TIPS FOR HANDLING MORTGAGE RATE HIKES

Have you been worried about the mortgage rate hikes? As a real estate investor I too share your concern. Our mortgage is up for renewal in a month and we just received the mortgage renewal papers from a B-lender. The...

June 2, 2022

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

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

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

How to Deduct Travel Expenses for Investors

Articles Life Lessons Real Estate Investors Tips

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

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

How To Qualify For Mortgage Financing In A Corporation

Capital cost allowance Capital Gains Tax Corporation Real Estate Investors

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...

December 10, 2021

5 Ways To Lower Capital Gains Tax on Sale of Your Rental Property

Capital cost allowance Capital Gains Tax Corporation Real Estate Investors

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...

December 2, 2021

Capital cost allowance Capital Gains Tax HST rebate

How To Calculate Rental Property Capital Gains Tax?

For 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, be prepared for rental property capital...

November 25, 2021

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

Why Incorporate When You Can Invest in RRSP?

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

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...

August 22, 2019

1 2 … 7 8 9 … 12 13

Tag: tax deduction