With the Canada capital gains tax increase in 2024, a significant shift is happening that's poised to reshape how capital gains are taxed, especially for wealthy Canadian families, investors, and business owners. With the federal government's latest move, I'm diving deep into the implications of the capital gains tax increase, a topic that's not only timely but crucial for understanding the broader economic shifts in Canada. This change, set to take effect on June 30th, 2024, targets capital gains exceeding $250,000, marking a pivotal moment in Canadian tax policy to foster a more equitable tax system.

Hamilton, one of Ontario's fastest-growing cities, attracts home buyers and has become a hotspot for travellers worldwide. This surge in popularity makes it an ideal time to explore which neighbourhoods stand out for their hospitality potential and livability. Let's discover the best neighbourhoods in Hamilton that promise a blend of comfort for residents and appeal for visitors, ensuring you make an informed decision that feels right.

Navigating Canada's tax system and staying on top of things as a business owner or investor can be difficult, and there are a lot of complexities. Whether you're a seasoned entrepreneur or new to the game, understanding the basics of tax law and planning is crucial to success. In this article, I'll share the essentials of effective tax planning, from reducing taxable income to maximizing deductions and tax credits.

I’m excited to take you through my personal journey in the real estate world, starting from my early days of inventing in Downtown Hamilton. It's a story of taking risks, learning from the ground up, and ultimately finding success in a market and career while many people initially doubted me. I'll share the challenges I faced, the strategies that worked, and why, in 2020, I decided to prepare my $15M portfolio for liquidation. I will also share why I decided to leave Canada and move to the Caribbean real estate market.

Navigating the complexities of the Non-Resident Speculation Tax in Ontario (NRST) also referred to as the Foreign Buyers Tax can seem daunting, especially if you're not a Canadian citizen or permanent resident eyeing a slice of the property market. Since April 21, 2017, the NRST has been a key player in Ontario's real estate landscape, with a hefty 25% tax on residential property purchases by non-residents. This had an immediate impact on the market.

In 2011, I started investing in real estate in downtown Hamilton, an up-and-coming city near Toronto, Canada. When I first started, I knew nothing about construction, property management, or investing, but I quickly learned. Once my portfolio required me to be less hands-on, I started working remotely and travelling the world and focusing on growing my real estate portfolio internationally. I quickly realized that I wanted to live a life of global freedom. After exploring over 50+ countries in Europe, Asia, and Latin America, in 2020, I saw a big opportunity in the Caribbean region.