Archive for March 2009
March 2009 Net Worth Update: Market Rally Edition (+1.92%)
Welcome to the Million Dollar Journey March 2009 Net Worth Update – The Market Rally Edition. Finally, some relief from the markets where buyers are starting to come back. Investors seem to have renewed faith in financials and other dividend paying blue chips. My feeling is that this is a temporary rally, but who knows…
Read MoreHow Capital Cost Allowance Works (CCA)
I’ve brushed on Capital Cost Allowance (CCA) before when discussing rental property tax deductions and the CCA schedule for the purchase of a computer in 2009. However, as it can be a fairly complicated topic, I thought I would write a primer and explain the basics of CCA. Capital Cost Allowance is basically the fancy…
Read MoreRental Properties – To incorporate or not to incorporate…
…that is the question. Put to me by FT and his request that I try to address the issue. First, and most importantly, I am not an accountant, tax lawyer, or anyone else who makes money off the misery of others. Second, my current corporate structure has evolved over time and I do not advocate…
Read MoreFeb 2009 Net Worth Update (-2.29%): Landlord No Longer Edition
Welcome to the Million Dollar Journey February 2009 Net Worth Update – The Landlord No Longer Edition. As some of you know, I purchased a cash flow positive rental property a few years ago. What you probably didn’t know is that the tenants were interested in purchasing the properly. I ended up selling the house…
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