How to Master Budgeting & Financial Management for Success
In today’s current market, effective budgeting and financial management are crucial skills for individuals and businesses alike. Whether you’re striving for personal financial security or aiming to...
View ArticleHow to Turn Your Mortgage into a Tax-Deductible Machine
Are you looking for ways to make your primary residence mortgage tax-deductible? In this blog, we will explore a five-step process that can help you convert a non-tax-deductible primary residence...
View ArticleWhat You Need to Know about Tax Implications Upon Death
Many individuals live under the mistaken belief that death equals the end of tax obligations. They think that if they don’t sell their properties during their lifetime, their tax liabilities cease...
View ArticleHow Canadian’s can Protect their Wealth by Investing in Global Real Estate
Real estate has always been a robust pillar in the investment portfolios of Canadians. I had the pleasure of speaking with Francois Lanthier, one of my esteemed clients, about his expansive journey...
View ArticleHow to Navigate Seller Financing and Their Tax Implications
When it comes to seller financing or, as some may call it, vendor take-back mortgages, real estate presents an innovative solution akin to toy-sharing. Picture this: You want a toy but can’t afford it...
View ArticleHow to Use AI to Advance Your Real Estate Investment Journey
Lately, I’ve been super interested in how new technology, especially AI (short for Artificial Intelligence), is changing the world of real estate. Over time, I’ve seen how professionals across...
View ArticleCanada’s Emergency Business Loan Account (CEBA) Update
The financial landscape for Canadian businesses has seen dramatic shifts in the recent past. Amid these changes, the Canada Emergency Business Account Loan (CEBA) has emerged as a lifeline for many...
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New GST Rebate on New Built & Its Impact
The recent announcement by the Canadian Prime Minister about the GST rebate on new built is making waves. This move, particularly focused on new purpose-built rental housing, promises a major shift in...
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Another NEW reporting rule that Affects Real Estate Investors
The trust reporting has been announced by the government for a number of years. This new trust reporting rule was supposed to be implemented by the government in 2022, but they decided to prioritize...
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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...
View ArticleEverything 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...
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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...
View ArticleTop 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...
View ArticleTax 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...
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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...
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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...
View ArticleNavigating 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...
View ArticleTrusts 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...
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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...
View ArticleTo Sell or Not to Sell: Making Smart Decisions about Your Real Estate...
Recently, Erwin and I embarked on a journey to sell off a portion of our portfolio in Ontario. One of the properties that I sold was my very first investment property that I bought together with my...
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