Ontario Community Newspapers

Oakville Beaver, 4 Feb 1994, p. 22

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Loans * Line of Credit 1st, 2nd 3rd mortgages Residential Commercial Plazas/Apt./Ofiice Bldgs. Up to 95% Financing NO Upâ€"Front Fees Inâ€"Home or Office Consultation 6 Days, 9 a.m.â€"9 p.m. TOP CANADIAN FINANCIAL EXPERT PREDICTS Ontario economy on verge of major real estate boom!! OAKVILLE _ â€" Famous Canadian Real Estate Expert, Raymond Aaron, has officially announced to the Media that the Ontario Economy is set for a huge boom in real estate prices. "Some places in Ontario will be the centres of the \ Greatest Booms" predicts Raymond RAYMOND AARON Aaron. Mr. Aaron, author of bestselling Vast Profits for the 1990‘s and The Turning Point recently revealed to the Press that he and his clients across Canada are investing very heavily in Ontario right now in order to catch the Vast Profits from the coming boom. In a recent Press Conference, Mr. Aaron divulged that he has already purchased, for his own portfolio, in excess of 1,000 "Since I took your Seminar about two years ago, I bought ten properties, all positive cashflow" "In eight months after taking Raymond‘s course, I have increased my net worth by $250,000. Raymond has changed my life dramatically." _ Mel Goodwin Mr. Aaron‘s close business associate, James MacNeil, has agreed to present Raymond‘s ideas this week so that you will have a greater opportunity to hear these fascinating ideas. Tues. Feb. 8 N ‘s:l‘g" Holiday Inn EW BUY WITH 360 Iroquois Shore Rd. UP 4y lc ??‘e § pm Da 7-557 DOWN LIMITED SEATING. ARRIVE 30 MINUTES EARLY. NO RESERVATION REQUIRED. New US tax laws catch snowbirds BY HARRY UHRIG Special to the Beaver The U.S. Internal Revenue Service has become increasingly concerned that the U.S. tax system is being abused by nonâ€"residents. Due to this concern, greatly increased filing requirements have been introduced. It is unclear whether this enlarged net was supposed to catch Canadians "snowbirds", but it has. residential and commercial properties. When pressed for details, Mr. Aaron explained that he purchases real estate only in Canada. Mr. Aaron sees a boom returning to the Oakville area. Now that he has achieved such wealth and won such distingâ€" uished honours as being listed in the prestigious Canadian Who‘s Who, Mr. Aaron has agreed to allow his close business associate, James MacNeil, to divulge his Proven in a spellâ€"binding twoâ€"hour talk to the Ontario public. "By teaching the average person how to buy real estate with nothing down, I am allowing my. fellow Canadians to own their own home or to buy investment real estate for huge profits" says Mr. Aaron. He goes on to say "In this way, you can earn several hundred thousand dollars, or much more, starting with little or nothing down, over the next several year time period." Here are some of the things you‘ll learn at this fascinating talk... * How to buy real estate with exactly nothing down. If you‘re a snowbird who vacaâ€" John Yu "After attending Raymond Aaron‘s Courses, we purchased 23 properties with a $5,000 a month positive cashflow!" Eaon Loro Caldwell "I first attended Raymond‘s Real Estate Course a year and a half ago. Since that time I have acquired 42 properties." David Elwood * How to know exactly when to invest for maximum profitsâ€"â€" right here in Ontario! * How to develop a safe, easyâ€"toâ€" follow and extremely profitable Master Plan to powerhouse your way to wealth in the next ThreeYears. * How to dramatically increase your credit rating so that you can participate more easily in the cashâ€"generating and very profitable field of Ontario Real Estate. Though Mr. Aaron charges $79 or much more for these real estate talks, he feels that it is so important for you to hear his Proven Method"" this week, that he is willing to pay your admission fee for you! YES, as a benefit to you, Mr. Aaron will be offering his seminar for free. He cautions that seating is limited and there is usually Standing Room Only. Arrive at least 30 minutes early to ensure seating. Details of his seminar are shown in the advertisement below. tions 122 days or more each year in the U.S., you are likely subject to the new filing requirements. Also, if you own a vacation property, there are some important U.S. tax rules you should know about. If you spend 183 days or more in the U.S. during 1993, you‘re deemed to be a U.S. resident under their domestic law. You can also be a resident for 1993 under domestic law under a weighted average of the number of days spent in the U.S. in the last three years. The weighted average is: 1 x No. of days in 1993; plus 1/3 x No. of days in 1992; plus 1/6 x No. of days in 1991. If the total of this formula is 183 or more and you spent more than 30 days in the U.S. in 1993, you‘re a resâ€" ident under domestic law. If you‘re resident due to the weighted average test described, you can claim a "closer connection exemption". This exemption is claimed by filing a statement of reaâ€" sons why you‘re more closely conâ€" nected with Canada. You would want to point out that your principal place of residence is in Canada; you have family in Canada; you vote in Canada; and your investments, bank accounts, and other personal ties are with Canada. You should also disâ€" close the number of days spent in the U.S. during 1991, 1992, and 1993. If you were actually present in the U.S. for 183 days or more in 1993, you can‘t use this exemption. Under this treaty, there are tieâ€" breaking provisions, so that you‘re only resident in one country. There CALL TO MAKE APPOINTMENT + HOURS: 8 A.M.â€"9 P.M. 7 DAYS A WEEK At BDO Dunwoody Ward Mallette, we‘re more than your accountant, we‘re your business advisor. We can answer difficult tax questions, tackle micrq computer problems and respond to complicated financial challenges. _ Let‘s talk, and we‘ll show you innovative ways to help make that steep climb a little easier. IBDO * Taxation and Accounting Services Electronic Filingâ€"Refund 10â€"14 Days â€"Immediate Cashback Also Provided * Payroll/Bookkeeping Services * Prior Year Tax Filing +« Audits/Reviews/Financial Statements 2156 LUMBERMAN LANE OAKVILLE, ONTARIO L6M 2Y9 905â€"847â€"7789â€"PHONE 905â€"847â€"7159â€"FAX Today, reaching the summit of business l } A success is more difficult than ever. That‘s why it‘s important to find the right accounting firm: one that‘s wellâ€"equipped to help you make those tough decnsnons that affect your future. When it comes to planning for business success, we‘ve got what it takesâ€" to get you to the top... 151 RANDALL STREET, OAKVILLE BDO Dunwoody Ward Mallette has over 100 offices across Canada dedicated to "Helping Clients Succeed" DUNWOODY WARD MALLETTE Chartered Accountants Management Consultants are many other implications of the new rules â€" ask a professional for more details. Harry Uhrig, C.A. is a partner in the Oakville office of BDO Dunwoody Ward Mallette. Brown approved as designated EFILE office Susan Diane Brown, an Oakville chartered accountant, has been approved by Revenue Canada a for a second year. EFILE is Revenue Canada‘s electronic method of filing perâ€" sonal income tax returns. Using EFILE, an individual‘s tax return is electronically transmitâ€" ted from the Electronic Filer‘s computer directly to Revenue Canada‘s computer. Brown says the system dramatically reduces the time and cost of processing personal tax returns at all levels. For more information, call Brown at 844â€"1760.

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