Real Estate Tax Tips

Real Estate Tax Tips A Chartered Accountant that specializes in providing tax planning, accounting, bookkeeping for real estate investors, realtors, mortgage brokers.

My accounting career began in 2003, working as a co-op student for a small accounting firm. I worked long hours and did my due diligence, completing over 200 tax returns in one season. I built a knowledge base on small business taxation and personal tax returns, working on multiple accounting files for doctors and dentists. After two years, I moved into a medium sized firm, which would eventually merge into Deloitte. During my time there I learned various tax planning strategies, compilation, review and audit engagement for small to medium sized companies. In 2006 I wrote the Chartered Accountancy exam and became the only student in the history of the firm to make honour roll. Like many new CAs, I realized I didn’t enjoy auditing as I tried out as many new positions as possible within the accounting field, in an attempt to find my true calling. For a time, I worked as an Operating Manager and Controller, managing over 200 employees in Thailand, as well as a Senior Manager in financial reporting for the largest grocery retailer in Canada. I reached a six-figure salary by the age of 28. Even with all this, I still felt like I hadn’t found my true purpose. I still wasn’t satisfied, and still needed something more. I still sought a greater challenge. It was during one day when I was invited to drive ATVs up north with a group of self-employed individuals; I recall struggling to book time off because my vacation time was limited. However, all the self-employed people simply rearranged their schedules to take time off and were out having fun at the least busy time of the week. It finally dawned on me that I wanted more control over my professional life. I wanted more leisure time for myself. “I need to start my own business!” I thought to myself. This realization lead to three things I knew I had to accomplish:
1. Becoming involved with real estate investing
2. Learning sales and marketing
3. Running my own business

Shortly after this life-altering realization, I joined the Rock Star Real Estate team and Mr. Hamilton to learn everything about real estate and marketing. I worked with many investors; discovering that most people rarely understand what options they have in terms of tax reporting and filing. There are so many tax questions out there, yet so few of them are properly answered. It was through the discovery of this problem that I became inspired to challenge myself to provide the solution people needed. Now today, using all my resources and connections, I have dedicated my accounting practice and this blog so that all real estate investors, property managers, contractors, builders and real estate agents may finally receive straight forward answers to all those confusing tax questions.

09/14/2026

Did you know that once you turn 65, you may be able to split up to 50% of your RRIF withdrawals with your spouse for tax purposes? 🤔

By converting a portion of your RRSP to a RRIF before age 71, you can unlock a valuable tax-planning opportunity sooner and potentially reduce your household's overall tax bill. 📉💰

Many Canadians overlook this retirement strategy, but it could make a significant difference in preserving more of your wealth during retirement.

✅ Learn how RRIF income splitting works ✅ Find out who qualifies ✅ Discover a simple way to reduce taxes as a family

09/03/2026

Comment “TWO WILLS” and I’ll send you the full breakdown instantly 👇👇

Most Canadians only have one will... but for incorporated business owners and real estate investors, two wills could potentially reduce probate exposure and save thousands.

Here’s what you’ll learn in the free breakdown:

✅ One Will vs Two Wills in Canada
✅ How probate works
✅ Which assets may qualify for a secondary will
✅ Why business owners and real estate investors often use this strategy
✅ Potential probate savings for incorporated investors
✅ Important considerations before setting up multiple wills

Estate planning isn't just about who inherits your assets. It's about protecting your family's wealth and avoiding unnecessary costs.

Follow for more Canadian tax, wealth-building, and estate planning education 🇨🇦

⚠️ Not legal or financial advice. Always consult a qualified estate lawyer for advice specific to your situation.

08/27/2026

I wonder if one of the biggest estate planning mistakes isn't how much we leave our children... but when we leave it.

Imagine giving your child $150,000 at age 30.

That gift could help them buy a home, enter the market years earlier, build equity, and benefit from decades of growth.

Now imagine they receive the same $150,000 inheritance at age 60.

By then, their mortgage may already be paid down, their peak earning years may be behind them, and the opportunity for that money to transform their financial future is much smaller.

Same amount. Very different impact.

Sometimes the greatest legacy isn't leaving more money behind.

It's putting that money to work when it can make the biggest difference.

Of course, every family's situation is different, and there are important tax, legal, and financial considerations before making large gifts.

But it's a question worth asking:

Would your children benefit more from your wealth after you're gone... or while you're here to see the impact?

👇 What do you think? Would you rather receive an inheritance at 60 or help with a down payment at 30?

🎉 Real Estate Tax Tips is now on Spotify! 🎉You can now listen to our podcast episodes anywhere, anytime, whether you're ...
08/24/2026

🎉 Real Estate Tax Tips is now on Spotify! 🎉

You can now listen to our podcast episodes anywhere, anytime, whether you're commuting, working out, or managing your real estate portfolio.

Our mission has always been to help hardworking Canadians create multiple income streams, build wealth through real estate, achieve financial freedom, and keep more of their hard-earned money through smart tax planning.

From basic Canadian tax strategies to advanced real estate investing and wealth-building topics, we're bringing you practical, actionable advice to help you grow your wealth and pay less tax.

🎧 Subscribe and follow us on Spotify so you never miss an episode: https://open.spotify.com/episode/5RE50nzql81UzUryaoFAni?si=O84PCdTCRSmcGC84CL8S2A

Thank you for supporting the channel. Let's continue building wealth together!

08/20/2026

🚨 Has the traditional path to wealth stopped working for young Canadians?

For decades, the formula was simple: 🎓 Graduate 💼 Get a job 💰 Save money 🏠 Buy a home 📈 Build wealth

But today, many Canadians feel that dream is slipping away.

In this podcast, Sadaf Chowdhury shares why younger generations are struggling to follow the same path their parents did and discusses an alternative way some Canadians are using leverage to build wealth beyond real estate.

Do you think homeownership is still the best path to financial freedom in Canada? 🤔

👇 Let me know in the comments.

🎥 Watch the full podcast for a deeper discussion on wealth building, investing, estate planning, and segregated funds. Link is given in comments 👇

08/18/2026

🚨 Estate Freeze Warning: 3 Hidden Risks of Giving Shares to Your Kids

Thinking about an estate freeze and giving common shares to your children? 🤔 Before you do, there are some important risks you need to understand.

✅ Once shares are issued, reversing the decision can be difficult and may trigger tax consequences.
✅ If a child goes through a divorce or lawsuit, those shares could be exposed.
✅ Family dynamics can change when future growth and ownership are involved.

An estate freeze can be a powerful wealth transfer strategy, but it needs to be structured properly with the right legal protections and family discussions in place. 💡

👨‍👩‍👧‍👦 Protect your wealth. Protect your family. Plan carefully.

👇 Have you considered the family impact of your estate plan?

08/13/2026

💬 Comment"PROBATE" and I'll send you our FREE guide: 5 Ways to Pass Your Home to Your Kids Without Probate. 📩

😳 Did you know your family could pay thousands in probate fees just to inherit your home?

Many homeowners try to avoid probate by adding their children to the title, gifting the home early, or using strategies they found online. But what most people don't realize is that these moves can trigger a much larger income tax bill.

🏠 In this reel, we break down 5 common ways to pass your home to your children, the pros and cons of each, and the little-known Ontario strategy that may help you avoid probate while keeping full control of your property.

💬 Comment"PROBATE" and I'll send you our FREE guide: 5 Ways to Pass Your Home to Your Kids Without Probate. 📩

08/13/2026

Did you know your $800K mortgage could actually cost you over $2 million in income to pay off — with zero tax break?

There's a completely legal strategy that can flip that script: turn your mortgage into a tax deduction, pay it off years sooner, and do it all without spending an extra dollar a month.

I, Cherry Chan, CPA, break down, in this video, exactly how the Smith Maneuver works and why it might make sense for Canadian homeowners.

08/12/2026

💰 Think your children will inherit your entire estate? Think again.

A $1.5 million estate can quickly shrink once RRSP taxes, capital gains taxes on rental properties and investments, and probate fees are taken into account. 😲

In this video, we break down a real-life example showing how nearly $300,000 could be lost to taxes and probate costs, leaving your family with far less than expected.

🏡 Own rental properties? 📈 Have investment accounts? 💼 Built up a sizable RRSP?

This is a must-watch for every Canadian investor, retiree, and business owner looking to protect their family's wealth.

👉 Watch now and learn why proactive estate planning matters.

08/07/2026

🏘️ Why is everyone talking about the"Missing Middle"?

Cities across North America are rethinking housing by encouraging more density and less urban sprawl. Instead of building farther out, municipalities are making it easier to create duplexes, triplexes, fourplexes, and even sixplexes in existing neighborhoods. 🌆

In Toronto, property owners can now build up to six units on a lot in certain areas without the hurdles that existed just a few years ago. This shift is creating exciting opportunities for homeowners, investors, and developers alike. 💡💰

✅ More housing options
✅ Better use of existing infrastructure
✅ New investment opportunities
✅ A major trend shaping the future of real estate

Do you think higher-density housing is the solution to today's housing challenges? Let us know in the comments! 👇

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