Home » CORPORATION (Page 2)
Category Archives: CORPORATION
Real Estate Investment Tips for Canadian Investors
I’ve learned a few real estate investment tips from my mum that I would like to share with you, whether you’re working in property development finance in Melbourne, or if you’re based up here in chilly Canada! My mom is my superhero. She’s inspired me to be a real estate investor and entrepreneur. Thanks to […]
5 Lessons learned from $600 million unpaid Real Estate taxes
Canada Revenue Agency recently released its latest statistics on their effort cracking down on unreported tax liability in the real estate sector (unpaid real estate taxes). We have been following this data since 2015 when it was first introduced. I figured that it’s a good time to remind all real estate investors, flippers, land developers […]
Setting up a new Corporation? Take these 7 steps
Setting up a new corporation has many benefits but can also be complicated. Here are 7 steps you need to take to simplify this process. 1. Open a bank account: A corporation is a separate legal entity. When you conduct business in your corporation’s name, the corporation earns money, not you personally. If you receive […]
Taxation of Rental income: How to pay 13.5% Small Business Tax
Taxation of Rental income is not the same as how regular income is taxed. But before I go into more details, did you see this headline – “Liberal government writes off $1.1B US loan, plus interest, docs show” on MSN.com? Federal government wrote off a loan made to Chrysler during the 2009 global economic meltdown. […]
Reporting losses from Rental business? These are the dangers…
There are many dangers of reporting losses from the rental business… I’ll explain with this story. A couple of years back, I advised a real estate investor not to take the entire apartment renovation as a one-time deduction. The renovation was done in between tenancies. He didn’t put much improvement except giving the unit a […]
6 Simple ways a Canadian Real Estate Investor can create Freedom
As a Canadian real estate investor, whether you own your businesses or have a rental portfolio, systems and processes are the keys. I had a rare and candid business conversation with my dad and Erwin one night. He asked us about our numbers and how our businesses are structured. He was fascinated that we could […]
How to Pay Less Tax as an Airbnb owner
It was a lot of fun doing a presentation on Airbnb. I spent half a day doing my own research confirming the HST impact on the sale of Airbnb and how Airbnb owners can pay less tax. Most importantly, I enjoyed doing the research and learning something new. The host of the event, Davelle Morrison, […]
GROW REAL ESTATE PORTFOLIO AND GET ASSET PROTECTION WITHOUT LOSING SLEEP AT NIGHT
Many real estate investors invest for the reason of providing a legacy to the next generation. They want to use the money they earn to finance their children’s education. They want financial freedom. They want to retire early. If there’s money left over, they may even want to help their kids to buy their homes. […]
DO YOU RECOGNIZE THESE SIX TAX CHANGES FOR 2018?
Have you ever heard of the term Fear of missing out (aka FOMO)? FOMO is part of the reason why most of us are so addicted to social media. We’re worried that we’re missing out something, which for the most part, is nothing. This is especially serious when it comes down to parenting. Kids don’t […]
Canadian Real Estate Investors Vs. 2019 Federal Budget
As Canadian Real Estate Investors, there are two things you need to pay attention to about 2019’s Federal budget. Though, this year’s budget was a bit boring, compared to the last couple of years, here is the short and sweet summary of how this year’s budget could affect us: Spend, spend and spend ☹️ All […]