tax tips Archives - Page 13 of 15 - Real Estate Tax Tips

80% of Success is Showing Up & 2 Podcasts on Incorporating

From the beginning of this year, I’ve always gotten up early for work. But more recently I’ve been getting up earlier for my Miracle Morning challenge. For most weeks, I managed to go to the Crossfit classes twice a...

August 3, 2017

Try this Little Known Secret to Stress Test your Portfolio for Interest Rate Hikes & a 2-Step Test to Determine Your Working Relationship as Subcontractor or Employee

Other tax issues Small business and real estate

Try this Little Known Secret to Stress Test your Portfolio for Interest Rate Hikes & a 2-Step Test to Determine Your Working Relationship as Subcontractor or Employee

We finally managed to purchase a new rental property and take advantage of the equity in our properties. We signed the mortgage paper on our refinancing and new rental property purchase yesterday. And then Bank of Canada finally announced a...

July 13, 2017

Capital cost allowance

How to Calculate Capital Cost Allowance – Part 1

I was away with the Rock Star team last week at an entrepreneur conference in Cleveland. Dan Kennedy, the host, is a successful businessman and the guru in direct response marketing. The conference was all about the business...

June 22, 2017

6 Lessons I Learned from My 14th Tax Season

Other tax issues Real estate rant Small business and real estate

6 Lessons I Learned from My 14th Tax Season

Last week was a hectic week for me. I presented at my client, Martin Kuev’s Meet Up group in Vaughan, educating over 40 investors on whether they should incorporate to own their rental portfolio or not. If you are interested...

June 1, 2017

Why Incorporation is the Way to Go for High-Earning Realtors

Real estate corporations

Why Incorporation is the Way to Go for High-Earning Realtors

It was nice spending time meeting so many great people at Realtor Quest 2017 and the Rock Star Inner Circle member event. Despite the business of my schedule last week, I managed to take my Sunday off with my two...

May 18, 2017

4 Tax Lessons Every Small Business Owner Needs to Follow

Other tax issues Small business and real estate

4 Tax Lessons Every Small Business Owner Needs to Follow

Recently I had a couple of gatherings with my old accounting firm colleagues. Back in the day, in order to get licensed we were required to work in an accounting firm to get experience. Many of the junior staff were...

April 6, 2017

Budget 2017: What You Need to Know as Small Business Owners & Real Estate Investors

Other tax issues Real estate rant Small business and real estate

Budget 2017: What You Need to Know as Small Business Owners & Real Estate Investors

This week marked the completion of our Crossfit Open 2017. It’s my first time participating in it and it was a lot of fun. I mentioned in my last blog post that I belonged to this 18-34 age group, mixed...

March 30, 2017

Principal residence

Another Court Case of Principal Residence Exemption Gone Wrong

Recently, we’ve got friends and families approaching us for advice on real estate investing. One of our closest relatives, a couple of two high income individuals each earning over 6 figures, asked us where they could go next. They currently...

March 2, 2017

Little Known Tax Impact of Refinancing Your Properties

Real estate investment

Little Known Tax Impact of Refinancing Your Properties

“Some people dream of success while others wake up and work hard at it” ~ Napolean Hill. Although I didn’t grow up in a wealthy family, my parents worked extremely hard to provide everything we wanted in our lives for...

February 23, 2017

How to Take Cash Out from Your Corporation and Lower Your Tax Liability?

Real estate corporations Small business and real estate

How to Take Cash Out from Your Corporation and Lower Your Tax Liability?

Happy belated Valentine’s Day to all of you. Erwin and I had a very uneventful Valentine’s day. We spent the day resting at home, trying to rest and recover from our illnesses. I got a very nice present from him...

February 16, 2017

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