Robert Kayasaki put it this way: You take 100% of the risk, mutual fund companies take 0% or the risk You put up 100% of the money, mutual fund companies put up 0% of the money You get 20% of the profits, they get 80% of the profits! Is it so tough to ask for 50% of the profits from JV...

CMHC is already on the hook for the low down payment mortgages. Is the Government buying anything that it did not own? The banks had these mortgages as good mortgages. Will the banks loan this money out? That is to be seen. But the move on the part of the Government is a good one. They...

Look at my post on my website to see how to choose an accountant -might help

Here are my thoughts about deducting interest Refinancing your property- Is the interest tax deductible? There are different rules for refinancing for property owned in a Corporation and property that you own personally. For properties that are personally owned, your have to use the...

A good one will make you money -so 7-12% is cheap- a bad will cost you money -fire them even if they are cheap! good and cheap does not exisit, expensive and good exists, expensive and bad also exists so be carefully

I see them disallowed all the time. If it is too good to be true it is! Revenue Canada is in the business of collecting taxes not giving them!

I would love it - hate paying $99 -147 per day in Edmonton for Large Smart car! (compacts-Aveo etc)

They are all just as bad- you are the cash cow that pays for the banks mistakes

If you are a Canadian resident, you province of residence is determined by your where you reside at Dec 31. Avoid any attempt to "make it look" like you live in Alberta as other issues will kick in such as -your drivers licence, helath care insurance, where you work etc.

If the deal is still a good deal -see if you can get a JV partner who would qualify or assign the contract -but it is a tough situation

GEneral rule of thumb- "transactions to avoid tax rarely work" Focus on making money so you can pay the taxes and not get involved in these types of schemes

It is a complex issue. It depends on a number of personal factors. In simple terms, if you had an apple tree and sold apples, you would be in the business of selling apples. After 10 years if you decided to sell the apple tree, you would have capital gains on that tree. In real estate...

all these seminars are great -watch the sales spill at the end for more seminars - i have seen clients spend their downpayments on the seminars

I have a realtor looking for houses in SW Calgary with 5-6 total bedrooms upstairs and basement. If some one has a FSBO -contact me

Predictions are predictions - Most forecasters will tell you- "it is hard to predict -especially if it is about the future". Learn to invest for the long term and watch the fundamentals - the real debate should be "have the fundamentals changed"

I have not used it -but always begin with a question -what are you trying to do? What are your options? Which one is the path of least resistance?

Possibly -sounds cheeky, but there are issues and the answer is not clear cut -New issues are always coming up and a black and white answer is not easy Some of the issues facing you are (remember to answer it from your point and CRA`s point and the two are not the same) [list type=decimal]Are...

Hello Firoz Would like to quote a couple of people with good financial acument-these are para-phrased Robert Kayasaki - Mutual fund companies make 80% of the profits, clients take 100% of the risk and put in 100% of the money and make 20% of the profits over the lifetime of investments-is that...

Hello EveryoneHere is an e-mail I got from Laura Holland -a real estate lawyer in Coquitlam BC -worth reading Happy New Year everyone! [/size] I hope everyone had a great holiday! (I certainly did). Here is my latest concern for clients which I want to share with you. NOT ALL...

Nope -cause what is stopping you from saying the commission is negotiated to $500 and the bonus is $10K