The Practical Broker

Have you known how potentially disastrous it could be not to plan your capital gains rationally? If you are into the real estate business and think you can sell off your property after a while and skip the taxes on the profit made, today's episode would be an eye-opener for you! Meet Dean Blachford, Specialist Tax Lawyer and Tax Litigator - Business Lawyers, as he joins me to talk about his experience helping individuals and corporations (property flippers, especially), successfully resolve disputes with the Canadian Revenue Agency. Blachford owns the tax firm Blachford Tax Law to specifically help clients with CRA (Canadian Revenue Agency) issues and matters related to capital gains and real estate. Dean shares how he got into this field of expertise. When in law school, the only classes that made sense to him were about taxes. Also, Dean knew that charities were all about taxes because they were not policed and only had the CRA to make sure they behave well and give tax receipts. His love for the court made him a tax litigation lawyer later on. Dean narrates from his experience dealing with rental property personally and his career spanning years in the industry to understand tax laws from the court's perspective. We'll learn: ● Any kind of loan that has to do with our principal residence is tax-free, but we can never deduct the interest on that loan. ● According to Canadian legislation, if we are buying a property to sell it, then after selling, we are to pay tax on the entire profit made. That is not eligible for the principal residence exemption. CRA looks upon the intention of the buyer at the time of purchase. So, there is also no time limit for how long they can sell the asset and not pay tax. ● Blachford discusses five main factors that the court will look into to understand a purchaser's intention: ● The first factor is the length of the ownership - the longer they hold on to a property, the less likely it is for the CRA to come back and assess it for a flip. ● The second is the history of the ownership. ● The third one is the reason for selling - if the CRA believes that they've got a justifiable reason for selling, then it's far less likely that they will assess them for a flip. ● The fourth is the reason for selling. ● The last one is the occupation of the homeowners. If they are working in the real estate industry, or are contractors working in the construction sector, then the CRA will assume that they have been intentional with the dealings. ● And much more! Here the article Property Flipping Issues Relating to Real Estate Professionals  Tune in to today's episode for unparalleled advice from the genius professional Dean Blachford! To know about Dean's learning, visit the resources on his website www.blanchfordtaxlaw.com. If you would like to follow Dean's LinkedIn, you can do so here: https://www.linkedin.com/in/dean-blachford-57042a44/?originalSubdomain=ca

We are joined by Kayla Andrade from The LandLord Credit Bureau and Ontario Landlords Watch. The episode covers how to increase revenues Reward the good tenants  Reduce your risk by vetting the bad apples Network of landlords and property managers Access the Tenant Records database Register on tenant credit reports New benefits for good behavior Consequences for delinquency Sign up here at https://landlordcreditbureau.ca/ or Ontario Landlords Watch http://ontariolandlordswatch.com/

Darcy was first introduced to the world of real estate investing at a very young age. Through push a perseverance, years later he still finds great pleasure in locating great properties and bringing out their true potential. Originally a computer professional by trade, Darcy has over 30 years of project management experience. Darcy lives by the concept of finding the ‘why’ first, then the strategy. Put systems in place that work for you. “The Better Story” is now LIVE on all podcast platforms or directly at: https://bestinterest.ca/the-practical-broker-season-2-ep-1-the-better-story/ If you’d like to get in contact with Darcy, you can reach at darcy@huttonradway.com Or visit his website: https://www.hrrealestatementors.com/

Nowadays we need to take better care of our bodies. We are treating our bodies like a Ford F-150, when we should be treating it like a Ferrari.   This week on the Practical Broker Podcast, we have Dr Valerie Helena Franc ND who is a dynamic and inspirational naturopathic doctor, teacher and world traveler. She combines her passion for holistic health and wellness with over twenty years of clinical experience.    The podcast is now LIVE on all platforms or directly at https://bestinterest.ca/the-practical-broker-episode-18-back-into-balance/    Dr Val is offering $500 off her workshop with with the following link: https://bit.ly/drvalworkshops   You can visit her website at www.drvalfranc.com   If you would like to contact her directly, you can do so at drvalfrancnd@gmail.com

Now is the time to start levelling up. Dan Doré from Doré Property Management is a wealth of knowledge both on property management, and growing a business. Dan speaks on how to take your job, and make it into an actual functioning business. Dan is offering a Wealth Mastery course, and is currently giving away free tickets for anyone that uses our link: https://wealth-mastery.ca/ref/8/ If you would like to follow Dan’s LinkedIn, you can do so here: https://www.linkedin.com/in/dorerentals/ If you would like to get in contact with Dan, you can email him at dan@dorerentals.com

You have everything to gain, nothing to lose by starting a podcast. Today’s guest passionate believes that the key to growing your success is starting a podcast. Nicky Billou will ignite your passion for success and push you to go further than you think possible. During this interview you will learn The importance of Podcasting for your brand The 6 Keys to a Successful Podcast How to put your podcast plan into an action To learn more about Nicky, check out his podcast. To sign up for the complimentary call on how to set up your podcast with Nicky, go here. To connect with him on LinkedIn, click this link.

On this episode of the Practical Broker podcast, I had the pleasure of interviewing Nicky Billou. Nicky has spent the last 20 years figuring out the mindset of champions.  He has worked with athletes and entrepreneurs at the highest levels, from Olympic Gold medalists to billionaires. Nicky will ignite your passion and push you to go further than you think possible. We discuss the importance of podcasting for businesses, how to empower men and why you need to take responsibility for your life. 3 Key Insights 1. A podcast allows you to build a large audience of your ideal clients, promote your product or service and position yourself as an authority to make a bigger impact and difference in the world. 2. It is important to understand that at the heart of every man beats the heart of a badass and a warrior, the world today has conspired to make men soft. Men need to understand that they were put here on this earth, to provide for themselves and for their families. 3. Everything in your life is your responsibility. The truth is most of us do not want to take 100% responsibility for our lives, we want to blame and we want to avoid. It is important to call bullshit on yourself and the people you are close to.   Show notes https://bestinterest.ca/the-practical-broker-episode-15-i-call-bullshit/ Resources Nicky on LinkedIn Nicky’s website eCircle Academy The Thought Leader Revolution Podcast The Thought Leader's Journey: A Fable Of Life Your Next Five Moves: Master the Art of Business Strategy Extreme Ownership: How U.S. Navy SEALs Lead and Win Selling 101: What Every Successful Sales Professional Needs to Know Marketing Lessons from the Grateful Dead: What Every Business Can Learn from the Most Iconic Band in History

In this episode of the Practical Broker podcast, I had the pleasure of interviewing Colt Charlebois. Colt originally started as a real estate agent, he grew a big team selling over 100 homes a year and he later realized that selling real estate was not his passion. After going through some trials and tribulations, he took a leap that a lot of people are scared to do by following his passion. He shares how that happened and how he was able to make a big shift from real estate into the world of coaching. 3 Key Insights 1. In the beginning there is a place of stability that you need to get to before you can explore some of the greater things you are interested in. 2. You can get started with a small “WHY”, it doesn’t have to be anything earth-shattering, just get in there with a small contribution. 3.You can accelerate your growth and development by being actively involved in a community with a group of peers that you respect and look up to. Resources Colt on LinkedIn DiSC Enneagram Strength Finder The E-Myth Revisited Scaling Up: How a Few Companies Make It...and Why the Rest Don't Profit First Show notes https://bestinterest.ca/the-practical-broker-episode-14-finding-your-why/

In the second part of this episode of the Practical Broker podcast, I had the pleasure of interviewing Casey Grey. Casey is the founder of the award-winning sustainable building company, The Conscious Builder, the host of The Conscious Builder Podcast, and The Conscious Builder Show on YouTube, and the former Co-host of The Conscious Living Podcast. He has written almost 400 blog posts on topics such as marketing, branding, entrepreneurship, personal development, sustainability, and more. He talks about how why it is important for small businesses to operate as media companies. Resources The Conscious Builder Website The Conscious Builder on Youtube The Conscious Builder Podcast Tarion Shownotes https://bestinterest.ca/the-practical-broker-episode-13-realizing-what-works-pt-2/

On this episode of the Practical Broker podcast, I had the pleasure of interviewing Casey Grey. Casey is the founder of the award-winning sustainable building company, The Conscious Builder, the host of The Conscious Builder Podcast and The Conscious Builder Show on YouTube and the former Co-host of The Conscious Living Podcast. He has written almost 400 blog posts on topics such as marketing, branding, entrepreneurship, personal development, sustainability and more. He talks about building homes, renovations and how his construction company takes a different approach to issues in the construction industry. 3 Key Insights 1. Consciousness is a state of awareness and you can’t make a change unless you realize what needs to be changed. 2. An integrated design process is essential because it allows the builder, architect and energy advisor to work together and plan effectively to get the best results. 3. If you are based in Ontario, a tarrion warranty program covers you for seven years when you are dealing with structural issues that affect your building. Resources The Conscious Builder Website The Conscious Builder on Youtube The Conscious Builder Podcast Tarion Show notes: https://bestinterest.ca/the-practical-broker-episode-13-realizing-what-works/

We're going to slowly be introducing a new side series where we post shows in which I, Chad Robinson, have been featured on. All credit will go to the actual podcast itself, but I do want to showcase the amazing knowledge given on these other podcasts. In this episode, we talk about how I got into real estate then moved into the mortgage sector and also how I invest in mortgages. If you are interested in Real Estate investing and mortgage investing you definitely want to listen to this one. This episode brings lots of value to the starting investor and also the experienced one. Check out the original podcast posting at: https://anchor.fm/max-spencebusinesspodcast/episodes/Chad-Robinson-Real-Estate-investor-and-Mortgage-investor-egg2fi/a-a2lf88s

On this episode of the Practical Broker podcast I had the pleasure of interviewing Diana Lidstone. Diana is an author, speaker and an entrepreneur. She shares some marketing tips that will help businesses thrive in this climate. 3 Key Insights 1) People have short attention spans so they need to understand what you do, who you do it for and the benefits you offer within the first three seconds of visiting your website. 2) Avoid the tactic hustle of jumping on the latest tools without having a well-defined strategy that is unique to your entrepreneur style and stage of business growth. 3) You need to know the core problem you are solving and the results you are getting for your clients. Resources Diana Lidstone – Diana’s website Show Notes https://bestinterest.ca/the-practical-broker-episode-12-grab-their-attention/

Michael Hughes is an author and speaker. He has an incredible wealth of knowledge on networking and he has had been on stage in various countries around the world. 3 Key Insights 1) Understanding how to use online networks like LinkedIn is a springboard for surviving in this time we find ourselves in. 2) Your profile is your online business card that should project your professionalism and your competence. 3) Any content you put out there should reinforce your value and speak to your target market. Show notes https://bestinterest.ca/the-practical-broker-episode-11-springboard-for-survival/ Resources Networking For Results – Michael’s website Michael Hughes on LinkedIn info@networkingforresults.com – Michael Email address

We have another short 555 series today where we feature two special guests who will tell us how to conduct our marketing and sales activities during this crisis we are currently experiencing.  Matt Thibeau is a Direct Response Marketing Consultant and the founder of Savant Marketing Agency. He is the creator of the 7 Step Marketing Method which is an automated marketing funnel proven to increase lead flow and generate more sales. He has also shared his expertise on Rogers TV as well as other tv, radio, and online platforms.  Jeremy DeMerchant is the CEO and founder of Permission to Sell, he is also an author and the host of a TV show on Headspace TV called Sales Team Rescue.   Shownotes:  https://bestinterest.ca/the-practical-broker-episode-10-weve-got-you-covered/   Resources Matt Thibeau Facebook https://www.facebook.com/matt.thibeau Savant Marketing Agency https://savantmarketingagency.com/ Matt Interview on Rogers tv https://www.youtube.com/watch?v=mF57qosCdTs Jeremy DeMerchant Facebook https://www.facebook.com/jeremy.demerchant Permission To Sell http://www.permissiontosell.com/ Jeremy Email jeremy@permissiontosell.com

Hi! I’m Chad Robinson and welcome to another episode of the Practical Broker podcast. My guest this week is Milan Topolovec, the President and CEO of Inner Orbis Inc. He will talk about what it takes to be an Entrepreneur. He will also discuss the successes and failures he has experienced in the business world. He will delve further into the legal structure of companies, insurance, and other topics that people often want to avoid or don’t enjoy talking about.   Shownotes    https://bestinterest.ca/the-practical-broker-episode-9-rise-to-the-occasion/ Resources Inner Orbis https://www.innerorbis.ca/ Milan Topolovic Email milant@innerorbis.ca Milan LinkedIn Profile https://www.linkedin.com/in/milan-topolovec-4373/ Beyond the Tipping Point https://www.amazon.ca/Beyond-Tipping-Point-Milan-Topolovec/dp/1329892011 Wim Hof Method https://www.wimhofmethod.com/ Google Play Wim Hof Method https://play.google.com/store/apps/details?id=nl.deckeron.apps.innerfire App Store Wim HOF Method https://apps.apple.com/us/app/innerfire/id890471578?

Hi! I’m Chad Robinson and welcome to another episode of the Practical Broker podcast. My guest is Anisa Lancione who is an expert in all things mortgages, especially construction.   Shownotes:    https://bestinterest.ca/the-practical-broker-episode-8-building-a-foundation/ Resources:  The One Mic  https://www.the1mic.com/ Ontario Dispute Adjudication for Construction Contracts (“ODACC”)  https://odacc.ca/en/   Wave Invoicing  https://www.waveapps.com/   Workplace Safety and Insurance Board  https://www.wsib.ca/en   Chad Robinson  mortgages@bestinterest.ca   Best Interest Mortgages  https://www.bestinterest.ca/

In this episode of the podcast, we experiment with a different format of the show called the 5-5-5, where we hold short interviews with different professionals in different industries. They will be sharing vital information we need during this uncertain time which you might call a crisis, opportunity, or pandemic, whatever you choose to label it depends on your take on it.  For the first phase of the 5-5-5 format, we interview 3 amazing people in this episode.  Dale Way from Right At Home realty based in the Ottawa area has been a realtor for almost 20 years. He helps clients in diverse areas such as residential, commercial development, land development homes, and a few farms and colleges.  Jean Belliveau and his wife Melanie are financial brokers with World Financial Group. Together they help the client steer through investment decisions, life insurance, and other issues that affect people’s careers.  Jean has been a financial specialist for over 12 years while Melanie is relatively new to the scene with 3 years experience. Key Insights From This Episode The market right now is on hold but there is still movement and activity in the market. It is advisable to still be involved in inequities. When the markets come down, they tend to come down the most but they tend to also be the ones that bounce back the quickest. There are some industries that are flourishing during this pandemic, especially in the tech space. Show Notes https://bestinterest.ca/the-practical-broker-episode-7-covering-covid/ Resources Dale Way https://www.rightathomerealty.com/Dale-Way  Jean Belliveau https://www.linkedin.com/in/jean-belliveau-84a39a25/  Covid-19 updates and what homeowners need to know https://bestinterest.ca/covid-19/ 

Hi! I’m Chad Robinson and welcome to the Practical Broker podcast. My guest in this episode is a long-term friend of mine Rich Danby who is an accomplished real estate investor. He talks about how he became a construction expert and a real estate investor. He also shares some of the mistakes he has made during his career and the launch of his club Masters of Real Estate. 3 Key Insights From This Episode 1. It is important to consider your spouse's needs and make sure you have a clear vision of why you are doing what you do instead of just having a random number of properties you want to own because it feels good to own a large number of properties. 2. Learn how to raise capital so that you don’t need to give total control of your ability to buy properties to the bank. 3. If you own the beginning of your day, then the rest of your day becomes easy. If you don't own the beginning of your day, then your day owns you. Show Notes https://bestinterest.ca/the-practical-broker-episode-6-own-your-day/ Resources Masters of Real Estate http://mastersofrealestate.com/ Rich Danby Email rich@mastersofrealestate.com The 5 AM Club: Own Your Morning. Elevate Your Life https://www.amazon.ca/AM-Club-Morning-Elevate-Life/dp/1443456624 Rich Ottawa Investments http://www.richottawainvestments.com/ Best Interest Mortgages https://bestinterest.ca/ Chad Robinson's Email chad@bestinterest.ca

Hi! It's Chad Robinson here and it’s another loaded episode of the Practical Broker Podcast. My guest on this episode is Bruce Firestone. Bruce was one of the few mentors that I had and I got amazing value out of our conversations, his mentoring and coaching has had a profound impact on my life and business. He has a Ph.D. in urban planning, he's a realtor and a business coach. He is also one of the founders of the Ottawa Senators NHL ice hockey team. He helps people to find the right business model, helps with their financing,  helps them to find the right product, animates it and adds more revenue streams. He is clearly someone you can’t fit into a tiny box as he is a man of many interests and passions. Show Notes https://bestinterest.ca/the-practical-broker-episode-5-be-the-mentor/ Resources Bruce M Firestone, PhD, broker Cell: 613-762-8884 Email: bruce.firestone@century21.ca Text: 613-762-8884 Fax: 613-422-2877 Bruce Firestone Website https://brucemfirestone.com/ Staying Afloat In A Time Of COVID-19 For Tenants And Landlords https://brucemfirestone.com/staying-afloat-in-a-time-of-covid-19-for-tenants-and-landlords/ Goldman Sachs sees 34% plunge in U.S GDP and 15% unemployment https://www.bloomberg.com/news/articles/2020-03-31/goldman-sees-even-deeper-u-s-contraction-in-second-quarter Century 21 Realtor https://bruce-firestone.c21.ca/ Best Interest Mortgages https://bestinterest.ca/

Hi! I’m Chad Robinson and on this episode of the Practical Broker podcast, I had the pleasure of chatting with Fred Huard and Marie Roy. They are 2 family lawyers based in Ottawa, they are both bi-lingual and very passionate about their craft. Together they share amazing insights into how customers, clients and the general public, when faced with this difficult situation, can get through this as best and quickly as possible. Fred Huard has been in family law for over 15 years and he just called to the bar about 1½ years ago. Show Notes Resources Chad's email: chad@bestinterest.ca Fred's email: frederic@huardlaw.ca Marie's email: marie@huardlaw.ca Best Interest Mortgage's Website: https://bestinterest.ca/ Huard Law's Website: http://huardlaw.ca/english/

Hi! I’m Chad Robinson and on this episode of the Practical Broker podcast, I had the pleasure of chatting with James Jeffcott (Jim). Jim is a phenomenal lawyer who has been around family law practice for decades and he is a founding member in Ottawa of the Collaborative Law Society and Practice. He shares some great insight that will be useful to lawyers, financial planners, real estate agents, mortgage brokers or anyone that is interested in how separation and family law works. Show Notes https://bestinterest.ca/the-practical-broker-episode-2-talk-it-out/ Resources Jim’s Email:  jjeffcott@lmrlawyers.com Website: https://lmrlawyers.com/team/james-jeffcott/ Collaborative Practice Ottawa: https://collaborativepracticeottawa.ca/ Jim’s Profile on Collaborative Practice Ottawa’s Website: https://collaborativepracticeottawa.ca/en/james-w-jeffcott/ Ontario Association of Collaborative Professionals: https://oacp.co/

Hi! I’m Chad Robinson and on this episode of the Practical Broker podcast I had the pleasure of chatting with Jake Ulak. I have known Jake for over 15 years and our careers have blossomed in a parallel trajectory within that timeframe. Show Notes For the Show Notes, click here. Resources Peter Diamandis https://www.diamandis.com/ GHOBA https://www.gohba.ca/ XPrize https://www.diamandis.com/xprize Elon Musk https://www.tesla.com/elon-musk Royal Architectural Institute of Canada https://raic.org/

The Credit Game With Richard Moxley Hi! I’m Chad Robinson and this is the first-ever episode of the Practical Broker, we have brought aboard Richard Moxley author of the book The Nine Rules of Credit, and The Credit Game Richard Moxley is one of Canada's leading authorities on personal credit. After seven years as a mortgage broker, he had had enough in watching people forced to pay thousands of dollars in excess fees and rates, all because no one had taught them the basic rules of credit. He plunged into the field and has since developed a program to educate North Americans on how to save money and strengthen one's credit rating. Today's podcast covers how Richard Moxley got his footing in the mortgage industry, how he's made his mark, and how he had used the knowledge he's learned over the years to help others through his two books, The Nine Rules of Credit and The Credit Game. Show Notes Click here for the Show Notes. Resources TransUnion Canada - https://www.transunion.ca/ Equifax Canada - http://equifax.ca/ The Credit Game Book - https://creditgame.net/the-credit-game/ The Nine Rules of Credit - https://www.amazon.ca/dp/1770402411/ The Credit Game - https://www.amazon.ca/Credit-Game-Rules-Ever-Canadian/dp/B081D9SW18/ Richard Moxley on Amazon - https://www.amazon.com/Richard-Moxley/e/B00J6Z8804 Richard Moxley on Audible - https://www.audible.com/author/Richard-Moxley/B00J6Z8804 Best Interest Mortgages - https://bestinterest.ca/