tax planning Archives - Page 15 of 17

Fixed or Variable: if Bank of Canada Increases Rates 8x in the Next Two Years?

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 help but...

November 5, 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

How to Pay Zero Personal Tax and Receive $30K Income Every Year

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

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...

August 7, 2019

How to Turn Cash Back Incentive into Tax-Free Money

Other tax issues Real estate corporations Real estate investment Realtors/real estate agents

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...

July 4, 2019

4 Shocking Tax Mistakes Killing Your Real Estate Investments

HST rebate Life Lessons Other tax issues Principal residence Real estate corporations Real estate investment Real estate rant Realtors/real estate agents Should I incorporate?Small business and real estate

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. ...

June 13, 2019

How to Write Off 100% of Your Car and Save $22,826 of Tax Immediately

Life Lessons Other tax issues Real estate corporations Realtors/real estate agents Should I incorporate?

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...

June 6, 2019

Why Cheat on Tax When You Can Get the Money Back Legitimately

HST rebate Other tax issues Real estate corporations Real estate investment Realtors/real estate agents Small business and real estate

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...

May 31, 2019

Why Robert Kiyosaki said Everyone Needs to Know Accounting to Achieve Financial Freedom

HST rebate Life Lessons Other tax issues Real estate corporations Real estate investment Realtors/real estate agents Repairs and maintenance Small business and real estate

Why Robert Kiyosaki said Everyone Needs to Know Accounting to Achieve Financial Freedom

Raptors won last night at Game 5 and I’m in a great mood today. When everyone expected them to lose, they came out with a win in an away game at Milwaukee. It’s almost as if we broke the curse....

May 24, 2019

End Game: 5 lessons learned from this tax season

Life Lessons Other tax issues Real estate corporations Real estate investment Real estate rant Realtors/real estate agents Repairs and maintenance Should I incorporate?Small business and real estate

End Game: 5 lessons learned from this tax season

I did somehow to squeeze a night out to watch the End Game. I was caught off guard by the ending. Like everyone else, my small logical mind was trying to make sense of the storyline. Oh well, I am...

May 2, 2019

7 Best Back-Office Practices A Real Estate Investor Should Adopt – Part 2

Life Lessons Other tax issues Real estate corporations Real estate investment Real estate rant Repairs and maintenance Small business and real estate

7 Best Back-Office Practices A Real Estate Investor Should Adopt – Part 2

It’s Ontario’s budget date. When the Federal budget was released, the message from the Fed was to spend, spend and spend. Ontario, however, has a pre-budget message to cut, cut and cut. Cutting taxes and cutting funding for schools and...

April 11, 2019

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Tag: tax planning