tax tips Archives - Page 19 of 22 - Real Estate Tax Tips

Case Study: 5 Lessons Learned From Lily Buying a Pre-Construction Detached Home

Case Study: 5 Lessons Learned From Lily Buying a Pre-Construction Detached Home

I guess I wrote a somewhat controversial blog post last week, causing a few comments on the Facebook. For the parents out there with young kids, I want to make this point clear – I am not opposed to free...

April 6, 2018

6 Tax Tips That Flippers or Renovators Should Not Miss

Capital cost allowance HST rebate Principal residence Repairs and maintenance Small business and real estate

6 Tax Tips That Flippers or Renovators Should Not Miss

With the 1 million immigrants coming to Canada in the next 3 years (historically about 40% come to Ontario), it’s almost inevitable that we’ll have housing shortages and crazy rental increases. It’s basic economic principal – supply and demand. High...

February 16, 2018

7 Bookkeeping Mistakes a Real Estate Agent (and All Taxpayers) Should Avoid

Other tax issues Realtors/real estate agents Small business and real estate

7 Bookkeeping Mistakes a Real Estate Agent (and All Taxpayers) Should Avoid

Many people asked me how I did it – writing blog posts every single week for the last 3.5 years, accumulating over 150 blog posts today. Trust me, it hasn’t been easy. I look everywhere for materials that can be...

February 9, 2018

Top 10 Deductions a Real Estate Investor Should not Miss [Revisited]

Capital cost allowance Other tax issues Real estate investment Repairs and maintenance

Top 10 Deductions a Real Estate Investor Should not Miss [Revisited]

2018 is an exciting year. I shared with all of you in an earlier blog post about my ‘why’, my reason for doing all that I do, which is to be the best I can be. To do this with...

February 2, 2018

Judge Provides Interesting Comments During a Court Case on Unreported Condo Sale

Realtors/real estate agents

Judge Provides Interesting Comments During a Court Case on Unreported Condo Sale

I am not perfect. I am far from perfect. A client of mine and I were in a self-learning seminar earlier this week. I shared part of my everyday struggle with the group. At the end of the session, she...

January 12, 2018

The Future of Accounting is Mind Blowing & Interest Deductibility on Shareholder Loan

Small business and real estate Uncategorized

The Future of Accounting is Mind Blowing & Interest Deductibility on Shareholder Loan

I attended Quickbooks Connect 2017 in Toronto last week. It was the first year that I attended. I got to speak at one of their events, and I was completely blown away from the value I got out of it....

December 8, 2017

Frustrated With Organizing All Your Receipts? Take a Look at Some of These Accounting Software Solutions

Other tax issues Small business and real estate

Frustrated With Organizing All Your Receipts? Take a Look at Some of These Accounting Software Solutions

I came across a National Post article about Ontario’s fiscal update last week. According to this article, with Ontario being the largest province in Canada, personal income tax revenues came in short by $2 billion than what the forecast in...

November 23, 2017

Everything You Need to Know About Paper Flipping/Assignments Taxation

Real estate rant Uncategorized

Everything You Need to Know About Paper Flipping/Assignments Taxation

I am so grateful that we have organizations like Fraser Institute, calling out the government’s lies. Their latest report released on Sept 26 was about how ALL Canadians are paying more taxes, including the middle class, wealthy, everyone. ...

September 27, 2017

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

Real estate rant

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

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