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.

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 the next chapter of my investing career, I'm taking all of the lessons I learned in Hamilton on how to create wealth investing in real estate and applying them to building a real estate portfolio in the Caribbean. The opportunities in this region feel similar to the Hamilton market in 2011, offering exponential growth. With my proven investment strategies, laser-focused approach, and disciplined decision-making, I am confident and excited to bring others on this new adventure.

That trip completely changed my life. Exploring some of Europe’s greatest cities, staying in hostel dorm rooms, drinking and eating like broke students, and just relaxing on the beaches on a Tuesday was incredible. I met incredible people on that trip, some of which I still keep in touch with. And for the first time in my life, I finally felt free.