Taxes, Deductions & Getting Ready for 2025 Filing Season | Steve Tsonev | Finngo | Real Estate Investing Canada

🎧 Taxes, Deductions & Getting Ready for 2025 Filing Season Real Estate Investing Morning Show – Hosted by Wayne & Gabby Hillier With tax season right around the corner, today's episode dives deep into what real estate investors need to know before they hand anything off to their accountant. Wayne & Gabby are joined by Steve Tsonev, Managing Partner at Finngo Bookkeeping & Tax, to break down preparation, deductions, common mistakes, and how to make tax season way less stressful. If you own rental properties, are filing your first return with rental income, or just want clarity on what's deductible and what's not — this episode is a must-listen. 🧠 What You'll Learn in This Episode When real estate investors should start preparing for personal and corporate tax filings The most common rental property expenses investors forget to include How Finngo's checklist and client portal simplify tax prep What's deductible vs. capitalized for rental properties Vehicle expenses, mileage tracking, and CRA expectations How home office expenses apply to rental properties First-time home buyer tax credits and what documentation is required Cash-for-keys payments — when they are deductible and when they're not Why working with an investor-focused accountant matters 👥 About Your Guest Steve Tsonev is the Managing Partner at Finngo Bookkeeping & Tax, one of Canada's leading investor-focused accounting firms. Steve specializes in working with real estate investors, business owners, and corporations across Canada, helping them reduce tax liability, stay compliant, and build long-term wealth through smart tax strategy and systems. 👥 About Your Hosts Wayne & Gabby Hillier are full-time real estate investors and coaches based in Edmonton, Alberta, Canada. Through their REI Masters Mentorship Program, they help Canadians build long-term wealth using rental properties, BRRRRs, joint ventures, flips, and creative real estate strategies. 🎙 New episodes every weekday morning featuring real investor stories, coaching moments, and tactical advice. 💡 Resources & Contact Learn about the REI Masters Mentorship Program: 👉 www.reimasters.ca Investor-focused bookkeeping & tax help: 👉 www.finngo.com/rei Submit a question for the show: 📧 [email protected] 🤝 Thanks to Our Sponsors 🏠 Calvin Realty – Edmonton Investor-Focused Realtor 🌐 calvinrealty.ca 📊 Finngo Bookkeeping & Tax – Investor-Focused Accounting Firm 🌐 www.finngo.com/rei 💼 Kirkwood & Brennan Mortgage Group – Investor-Focused Brokers 🌐 www.kbmortgages.ca 📧 [email protected]   🏫 Edmonton Real Estate Investing Course Thinking about investing in Edmonton but not sure where to start? Our 8-week Edmonton Real Estate Investing Course gives you a clear blueprint to invest with confidence, including: 🔹 Why Edmonton is one of Canada's strongest cash flow markets 🔹 The economic drivers shaping Edmonton's growth 🔹 How to analyze neighborhoods for cash flow and upside 🔹 The five main asset types and how they perform 🔹 Tenant selection strategies that protect your returns 🔹 How to buy rental properties that actually make money 👉 Learn more and register at: www.reimasters.ca/edmonton