In this article I discuss the tax advantages for rental properties. Whether you live in Canada, the United States, Great Britain or Australia, many countries possess similar tax advantages when it comes to rental properties. Before getting into that let's briefly recap why … [Read more...] about Tax Advantages for Rental Properties
December 2015 Investment Income
Welcome to my December 2015 investment income report. This report will help me track all of my investment income from the rental property, dividend stocks, index funds and exchange-traded funds (ETFs). As I said in an earlier post, my goal for 2015 was to generate at least … [Read more...] about December 2015 Investment Income
January 2016 Net Worth Update $744,643 (-0.14%)
Here is my January 2016 net worth update. As I've said before, I like to track my family's progress through monthly net worth updates. To calculate our net worth, I add up all of our household assets and subtract any outstanding liabilities (ie. debt owing). The result is … [Read more...] about January 2016 Net Worth Update $744,643 (-0.14%)
Building Wealth: My 2016 Financial Goals
Goodbye 2015 and Hello 2016! Happy New Year everyone! Welcome to my 2016 financial goals post. As I do every year, I’ve been thinking about how we fared this past year in terms of our financial goals and about where I’d like us to be in 2016. Last year, I laid out 6 … [Read more...] about Building Wealth: My 2016 Financial Goals
6 Ways to Build Tax Efficient Wealth
Here's my post on 6 ways to build tax efficient wealth. To build and maintain wealth, we need to take advantage of every available resource to help us reach our goals. One important dimension to our finances that can help us literally save thousands of dollars a year is … [Read more...] about 6 Ways to Build Tax Efficient Wealth