tax planning Archives - Page 3 of 12

How To Claim Home Office Expenses (2024 Update)

How To Claim Home Office Expenses (2024 Update)

Working from home has become increasingly common, and for many Canadians, it’s here to stay. But what about claiming home office expenses on your taxes? The rules have changed. This blog post and my latest video on YouTube breaks down...

March 8, 2024

Trusts in Real Estate: Lessons from a Key HST Court Case

Life Lessons Other tax issues Small business and real estate Tips Updates

Trusts in Real Estate: Lessons from a Key HST Court Case

Are you familiar with the concept of trust relationships? Trust agreements, trust relationships, and bare trustees describe a legal arrangement where the legal owner of a property (on title) differs from the beneficial owner. Common law generally accepts this relationship,...

February 29, 2024

Navigating the Tax Implications of Owning International Real Estate

Articles Life Lessons Other tax issues Small business and real estate Tips Updates

Navigating the Tax Implications of Owning International Real Estate

When you own properties outside of Canada, it imposes another layer of complexity. Let’s explore the tax implications of owing international real estate. You are responsible for the income tax filing in the country that you earn the rental income. Upon...

February 22, 2024

Departure Tax & Ongoing Tax Filing Obligations

Articles Life Lessons Other tax issues Small business and real estate Tips Updates

Departure Tax & Ongoing Tax Filing Obligations

Last week, we clarified what it means to be a Canadian tax resident and how to determine if someone is a Canadian tax resident based on it’s residency ties. This week we are talking about departure tax & ongoing tax...

February 5, 2024

New Canada Pension Plan (CPP) Changes 2024 Explained

Articles Other tax issues Real estate investment Real Estate Investors Real estate rant Realtors/real estate agents Rental Property Small business and real estate Tips Updates

New Canada Pension Plan (CPP) Changes 2024 Explained

The Canada Pension Plan (CPP), a cornerstone of retirement savings for working Canadians, is undergoing significant changes in 2024. In this blog post, we’ll explore these changes in detail, including the new tier system, contribution calculations, and strategies for maximizing...

February 4, 2024

Tax Implications on Leaving Canada Permanently

Articles Life Lessons Other tax issues Small business and real estate Tips Updates

Tax Implications on Leaving Canada Permanently

In the last few years, more and more people are asking us on how to leave Canada permanently as a tax resident. Recognizing Canadian citizen is not the same as Canadian tax resident You can be a Canadian citizen and...

January 25, 2024

Articles HST rebate Other tax issues Real estate investment Real Estate Investors Real estate rant Realtors/real estate agents Rental Property Small business and real estate Tips Updates

Top 10 Financial Tips to Kick-Off 2024

2024 brings new opportunities and challenges, and being financially savvy is more important than ever. I dive into essential financial tips that I practice regularly to empower my real estate investment journey and personal finances. Join me, as I break...

January 18, 2024

Everything Canadians Need To Know About Tax Changes 2024

Articles HST rebate Other tax issues Real estate investment Real Estate Investors Real estate rant Realtors/real estate agents Rental Property Small business and real estate Tips Updates

Everything Canadians Need To Know About Tax Changes 2024

What are the biggest tax changes in Canada in 2024, and how will they affect you? This blog post will provide an overview of the upcoming Tax Changes in 2024. I’ll simplify the key updates that will impact your finances,...

December 14, 2023

Everything You Need to Know About NEW Enhanced HST Rebate in Ontario

Articles Other tax issues Real estate investment Real Estate Investors Real estate rant Realtors/real estate agents Rental Property Small business and real estate Tips Updates

Everything You Need to Know About NEW Enhanced HST Rebate in Ontario

Introduction: The Canadian real estate scene is abuzz with the latest updates on GST rebates for new builds, particularly targeting new purpose-built rental housing. This move promises to transform the construction industry significantly. The Federal GST Rebate on New Builds:...

December 7, 2023

Top 3 Federal Economic Updates that affect Real Estate Investors

Articles Other tax issues Real estate investment Real Estate Investors Real estate rant Realtors/real estate agents Rental Property Small business and real estate Tips Updates

Top 3 Federal Economic Updates that affect Real Estate Investors

1. Underused Housing Tax (UHT): Have you ever heard about why we have Underused Housing Tax act in Canada? Our Canadian government told us that UHT is meant to target non-Canadian owners leaving their residential unit vacant and limiting the...

November 24, 2023

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Tag: tax planning

How To Claim Home Office Expenses (2024 Update)

Trusts in Real Estate: Lessons from a Key HST Court Case

Navigating the Tax Implications of Owning International Real Estate

Departure Tax & Ongoing Tax Filing Obligations

New Canada Pension Plan (CPP) Changes 2024 Explained

Tax Implications on Leaving Canada Permanently

Top 10 Financial Tips to Kick-Off 2024

Everything Canadians Need To Know About Tax Changes 2024

Everything You Need to Know About NEW Enhanced HST Rebate in Ontario

Top 3 Federal Economic Updates that affect Real Estate Investors

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