Real Estate Tax Tips
418 North Service Rd E Unit 3C L6H 5R2 Oakville, ON, Canada

After analyzing hundreds of real estate agents who decided to incorporate their real estate businesses in order to save taxes last year, I discovered that the results differ from business to business. So, I asked myself What are the top 1% realtors doing that the other 99% are not? Want to know what I found out? I’ll TELL ALL at my next live Realtor Incorporation Webinar on Thursday.... If you are considering setting up a PREC to help you save taxes this year, register your FREE spot today. http://bit.ly/realtor-webinar-fborg

Fun time tobaganning and snow fighting on Christmas day with the kids So grateful for the amazing camera capturing all these moments Being silly and having fun is like a muscle. The more you exercise it, the happier you get. ... Happy Holidays everyone.

Pay attention to this if you are a Real Estate Agent in Ontario. Over the last few weeks, my team and I have done dozens of realtor incorporation consultations with real estate agents who want a clear cut out path of how incorporation will help them pay less tax according to their unique business situation... Wanna know what I discovered? ... I’ll reveal EVERYTHING at my next Realtor webinar. We are grateful for the opportunities to help fellow realtors to pay less tax so if you are thinking of incorporating, register Your FREE Spot Today. Link to register: http://bit.ly/realtor-webinar-fborg

If you can't recognize me after the lockdown in January, it is because i have ballooned from eating all these chocolates, cookies , liquor and wines from everyone. Judging by how snug I feel in my regular work today, I am on track to gain 10 pounds easy during the lockdown Thanks @jaysonlowe99 for this delicious chocolate . I love it. ... @radixdan, don't worry. The before and after picture of my 8 week lean muscle challenge will be huge .

Summary of the Top 5 most popular RETT blog posts of 2020 #5 - 6 Tax Tips That Flippers Or Renovators Should Not Miss https://realestatetaxtips.ca/6-tax-tips-flippers-renovator/... #4 - The Quickest And Easiest Way To Understand Interest Deductibility https://realestatetaxtips.ca/the-quickest-and-easiest-way-/ #3 - How To Apply For $40k Interest Free Loan As Real Estate Investors And Realtors https://realestatetaxtips.ca/expanded-ceba-program-can-pro/ #2 - How To Setup Personal Real Estate Corporation (PREC) As Real Estate Agent https://realestatetaxtips.ca/how-to-setup-personal-real-es/ #1 - How To Calculate Tax Payable On The Sale Of Your Rental Properties https://realestatetaxtips.ca/calculate-tax-payable-sale-re/ Thank you to all of our followers and readers of the RETT. I hope you enjoy these posts. We look forward to serving you in 2021.

Thanks for @dwbbroker and @danielpattonmtg for a thoughtful gift. Our @iwinrealestate and my accounting team can definitely use some alcohol, mask , hand sanitizer and toilet paper this Xmas during the lockdown. Stay safe everyone.

#1 - How To Calculate Tax Payable On The Sale Of Your Rental Properties No surprise that this post occupies the #1 spot as it shows you the exact formula to use to calculate the tax liability when you sell your rental properties. Check it out: https://realestatetaxtips.ca/calculate-tax-payable-sale-re/

Best thing about our office is that we get to see our clients dropping by unexpectedly. Nick DiTomaso, our tax client and our @stockhackeracademy customer, dropped by today with some Xmas . So grateful to be part of his journey watching him grow, from a full time employee to owning multiple properties to stock hacking. Loving the My Life My Term tattoo on your wrist. ... This is the most rewarding part of my work, not the number crunching. Thank you again for being a big supported for @erwinszeto and I and our charity @hamiltonbasketbrigade. Looking forward to working with you many more years ahead.

So much holiday gifts we received this year. Grateful to have worked with @mkahlon127 and Peter Lount building our business together Thanks so much for delivering great value to our clients.

What are your plans for the future? If your value determines how much you are worth, what are you doing to increase your value?

We are not your regular tax Accountants - Yes I said it! Matter of fact, your regular Accountants don’t like us because we tell Realtors the things they don’t want Realtors to know. And the best part is, we tell Realtors most of these things for FREE. Totally pisses them off . ... I don’t mind though the Realtors love us and that’s what’s important . Personally, as a real estate tax Accountant and a real estate investor myself, I believe small business owners need all the help they can get so I like to share tips and strategies you can use to pay less tax in your real estate business. Not already on board? Click here to get on now ==>> https://realestatetaxtips.ca/ I’ll make sure you don’t miss out on any of the latest updates on the best strategies.

Enjoying a few laughs with our team at our weekly lunch and learn today. Work is work. It is the team that we work with that would make a difference. I am blessed to have found a team that we can crack some jokes and share a few personal stories with and yet still able to service our clients.

Attention all real estate agents who want to pay less tax and save money. Attend our FREE Webinar on Thursday, November 5th at 8PM EST to find out if incorporation is the right money saving path for your real estate business. Click here: http://bit.ly/realtor-webinar-fborg... Here’s what you’ll discover on this FREE webinar: What a corporation is and why it matters to you How incorporation can help you lower your income tax rate from 53.5% to 12.5% How to legally use incorporation to split income between yourself and your family members Introducing the common tax structure used by many Realtors to build up their retirement funds How to use the low corporate tax rate to purchase life insurance, invest in real estate and the stock market Link to register: http://bit.ly/realtor-webinar-fborg

In 10 minutes, I am going to show 70 people how to apply for CEBA loan without a business bank account, as a thank you for pre-ordering my realtor tax book that's hopefully coming out mid November. We had already done one of these webinars earlier this year to help our clients navigate through this confusing process.

Have you heard any myths about owning your rental properties in a corporation? Well, I’ve heard so many and some have left me speechless! Here’s the biggest one I’ve heard and I’ve taken the time to DEBUNK it! Check it out.... https://realestatetaxtips.ca/debunk-the-biggest-myth-in-ow/

One of my favorite quotes from Steve Jobs

I’ve seen so many Realtors short change themselves over the years. They don’t think they’ve built a valuable business. But they have, and I’ll prove it to you in this week's article.... Read my latest article here: https://realestatetaxtips.ca/avoid-this-major-tax-landmine/

I used to take 407 all the time. If you are familiar with the 407, you’ll know that the speed limit is 100km/hour but most cars are going way faster than 100km/hour. Some would consider driving at 100km/hour on Highway 407 as unsafe as most cars are way faster than you. ... Occasionally there is one that gets caught, but most speeding drivers do not get caught. If I speed and I don’t get caught, it doesn’t mean that I’m complying with the law, I am just lucky that day. My opinion about deducting interest expense is this: You can claim whatever you want in your tax returns. Ultimately, it is your tax return. Just like the speeding analogy, it’s just the speed limit sign, what you do ultimately is up to you Some folks may disagree with this opinion but if you read my latest article, you’d understand what I mean and learn how to determine interest deductibility once and for all. Read my latest article here: https://realestatetaxtips.ca/the-quickest-and-easiest-way-/

Got a little surprise from @_kevinhuynh today

Super excited to to do a second webinar for Toronto Real Estate Board members - this time, I am armed with way more information to answer your questions. Thank you again for the invite and so blessed to have the ability to simplify the tax law for people to understand.

Our personal core value is to learn more and share with others - it's also the core value that our team thrives on. Today, we hosted our client only webinar on How to Stay a Mortgage Virgin... And yes, it isn't a topic an accountant would present on, but hey, we aren't your regular accountants - we learn more and share more. ... Hopefully this strategy can help our clients to buy more properties :) Happy Friday.

Who are you, ideally, in 5, 10, 20 years?

Retirement jitters : How many properties do you need to retire comfortably? Many people are using real estate to achieve financial freedom, but few truly understand how many properties they need to purchase for them to retire In this month's iWIN meeting, I’m sharing a sample retirement plan that's done for one of my clients to see how her 3 investment properties can help her retire at the age of 54. ... Join me on October 24th via Zoom. The fee to attend this meeting is nominal and all the proceeds go to the Hamilton Basket Brigade as we plan to feed as many families in need, in the safest way possible during Thanksgiving this year. Here’s the link to register:https://oct2020iwinmeeting.eventbrite.ca

Happy Thanksgiving fellow stock hackers. Fortunately and unfortunately Thanksgiving is still a trading day for these two Monica Lee and @erwinszeto Monica has three devices in front of her while Erwin is managing his personal account and my corp account ... I am grateful that I am surrounded by like minded people and for the stock hacking skill that I learned in March. Happy Thanksgiving everyone!

Best thing about having our own office is that clients would drop by unexpectedly to give us a surprise. Our long time client Nick DiTomaso, a big supporter of @hamiltonbasketbrigade, dropped by today with a bunch of toys for families who are in need this #Thanksgiving We are grateful and we are constantly inspired by our clients' generosity and willingness to help. ... @erwinszeto and I are also thankful for the gift to celebrate our office opening... Nick is one of our early clients that has witnessed our personal and business growth over the years. Grateful to be part of your journey as well.

Friday lunch and learn Today, we talked about front end sale process, how we sign our clients up and how we onboard them. I am sooooo grateful for our amazing accounting team supporting my crazy goal.