Anker RETax

“You can write it off.”

🤝

CRA: “Let’s have a look at that.”

Real estate bootcamps, masterminds, and investing seminars are often marketed as deductible.

But in many cases, CRA views them as related to future growth, not current rental income.

And that distinction matters.

Before claiming a large expense, it’s worth understanding how it’s actually treated.

Full blog here:
https://www.ankerretax.com/post/are-real-estate-seminars-tax-deductible-in-canada

Headed to post-secondary in the fall?

Keep your tuition receipts.

In Canada, eligible tuition fees can be used to claim a tax credit, either now or carried forward to a future year.

Even if you’re not earning much yet, those amounts can still matter later.

It’s one of those small admin things that’s easy to overlook… and very useful to keep.

Financial defensiveness is one of those things that feels responsible right up until it doesn't anymore.

Most Canadian homeowners are managing. Keeping things together, handling what comes up, making it work. But managing and building are two different things, and at some point the gap between them starts to matter.

If your financial strategy has felt more reactive than intentional lately, you're not alone. And it's not too late to change that.

Summer tends to bring more real estate activity. More purchases, more listings, more movement.

It’s also when small details can get missed in the rush.

Keeping records as things happen (not months later) makes everything easier to manage when it comes time to report.

Most Canadians were taught one thing about their mortgage: pay it off. And for a long time, that was the only option most people knew about.

The Smith Manoeuvre™ has been around for decades, but it's still something a lot of homeowners are discovering for the first time. If that's you, you're in the right place.

Buying a property:
→ Expectation: “We’ll just sign a few papers.”
→ Reality: a full stack of documents, emails, and follow-ups.
It’s not the glamorous part, but it’s the part that matters later.

Real Estate Investors -- share, please! How do you keep your documents organised?

Hey, new grad... some advice (that more of us should have heard sooner) as you head off into the adult world...

When you're just starting out, keep it simple:
• Spend less than you earn
• Save something (even a small amount)
• Don’t ignore your bank account
• Ask questions when you don’t understand something

You don’t need a complicated system.

You just need a few good habits.

The most consistent investors usually aren't the most aggressive ones. They're just the ones who started and didn't stop.

Compound growth rewards patience more than it rewards timing or big moves. And for most Canadian homeowners, the structure to start building that way already exists inside their mortgage — they just haven't been shown how to use it.

That's exactly what The Smith Manoeuvre™ is designed to do. If you're curious what consistent, structured investing could look like for your situation, I'd love to walk you through it. We should talk.

Not all properties are treated the same at tax time.

Your principal residence, a rental property, and a short-term rental can all have different reporting requirements.

How a property is used matters. And that’s where the details start to count.

Need help organising the accounting for your properties? Reach out: AnkerRETax.com

Buying a property comes with a lot of feelings.

Excitement. Stress. Pinterest boards.

And then… paperwork.

If the property may be used for rental income, business use, investment purposes, or a future sale, it’s worth keeping your records organised from the beginning.

Receipts, legal fees, mortgage details, closing documents, property tax records, and renovation costs may all matter later.

Future-you will be very grateful. Possibly even smug.