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…
6 HOUSE FLIPPING TAX TIPS YOU JUST CAN'T AFFORD TO MISS (1)
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6 House Flipping Tax Tips You Just Can't Afford To Miss

Today I am going to share house flipping tax tips for all you renovators out there!We have talked about this before, but with the latest booming real estate market, I am here to refresh your knowledge!With approximately 1 million immigrants…
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.…
HOW TO CLAIM TAX DEDUCTIONS WITH GIFT CARDS
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How to Claim Tax Deductions with Gift Cards as a Landlord

As a landlord and taxpayer, you may wonder how to claim tax deductions on gift cards?Being a landlord myself, I too like to give gift cards to my tenants as a gesture of goodwill. After all, no good deed goes to waste. When you treat your…
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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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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 Pay Zero Personal Tax and Receive $30K Income Every Year

The first time I’ve heard of Jesse Itzler was at the Grant Cardone 10x Event earlier this year.Erwin and I were so fascinated by his speech and I immediately ordered his New York Times Best Selling book, Living with a Seal and the book…