Terri Stephens | 403-827-4663

 
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THE Expenses associated wiht a property portfolio are more easily overlooked: 

 

1-Get Organized - I've been using a spreadsheet for my monthly expenses.  There are several you can find and work on in the icloud.

 

2-Know Your Expenses - advertising, buisness use of home expenses, Condo fees, Continuing education, consultant fees, insuarnce, Interest, Management fees, Motor Vehicle expenses, Office Expenses, Property Tax,

Repairs and maintenance, Salaries and wages, Telecommunitications, Travel, Meals and lodging, Utilities

 

3-Know your captial Costs

 

4-Refuse a Salary - depends on the size of your portfolio

 

5-GST/HST - be vigilant

 

6-Start a Tax Free Savings Account (TFSA)

 

7-Disclose Foreign Investments

 

8-File on Time

 

 Terri's Tidbit for today 

 

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