Quotes of the Day

The Income Tax Act grants to CRA a number of arbitrary powers. The Minister doesn't have to accept your return as filed. In fact, under Section 152(7), CRA has the right to change your tax return if they don't agree with the way you've filed it. They can change your income figures, your deductions or your credits prior to the expiration of a normal "reassessment period," which is 3 years. If you don't agree with how your tax return has been assessed, you have the right to appeal the results. [2020] - Evelyn Jacks

Once the property fits the Cash Flow Zone, the next step is to determine the motivation of the vendor. Unmotivated vendors will waste a ton of your time. The best way to determine the vendor's motivation is to provide your realtor with a list of questions. 1. Why are you selling? 2. How long have you owned the property? 3. When do you have to move? The answers you get will reveal the vendor's motivation level and, as an added bonus, you'll discover whether the most critical motivating factor is time or money. You should also note that a vendor's motivation level often increases when the property has been listed for sale for some time. [2009] - Don R. Campbell

Apartment houses and commercial properties offer greater opportunities, but these tend to come with higher risks, more problems, and require greater knowledge. The cost of buying an apartment building as a multiplier of the total rents is much less than for single-family residences. If you have your expenses under control and factored into your purchase price, they could show a better cash flow. You acquire tenants much faster. And it's easier to raise the rent in apartments. [2004] - Mike Summey

In business, a monthly review of activities, production, and financial performance is the minimum. [2004] - Gary Keller

Placing a cap over the toothbrush head appeared to encourage virulent opportunistic pathogens, like one called Pseudomonas aeruginosa, a species of bacteria that is adapted to low-oxygen environments. This is important information for anyone who travels or keeps their toothbrush in a gym bag, drawer, or confined space. [2018] - Ellie Phillips