Quotes of the Day

We allow lean beef twice a month, but still prohibit fatty beef, lamb, and bacon. [2015] - Jamie Koufman

When you buy stock you are buying a part ownership in a company. When you buy bonds you are loaning money to a company or government agency. If you are going to hold bonds, holding them in an index fund is the way to go. Very few individual investors opt to buy individual bonds, with U.S. treasuries being the main exception, along with bank CDs witch act like bonds. [2016] - J L Collins

The first $500,000 of active business income earned within a Canadian-Controlled Private Corporation (CCPC) that qualifies for the small business deduction is subject to a lower federal corporate tax rate. However, effective January 1, 2019, companies that have too much of their retained earnings invested inside the corporation will be subject to new passive investment income rules, which will reduce their access to the small business deduction. While this will generally affect larger and more mature businesses, it's a good idea to have your accountant explain these rules to you so you can plan accordingly. [2020] - Evelyn Jacks

Commercial buildings are generally valued on the basis of their rental income. Typically, banks will lend 50 percent of the appraised value of a commercial property. It is generally much easier to instantly increase the value of a commercial property from the low purchase price you paid to the new appraised value after you have owned the property for a few weeks. The reason is simply that an empty residential property still appraises for close to what its value would be if it were occupied. However, an empty commercial building is not worth much at all. [2001] - Dolf de Roos

You should be taking pictures of your tenants and also taking pictures of your property before the tenancy begins. Take video as well. You want proof if there ever is a dispute regarding the property's condition before the tenancy. Try to get a photocopy of your tenant's driver's license. [2015] - Gary Wong