SIDHU LUXURY PROPERTIES
“Luxury & Off-Market Real Estate Experts”
At Sidhu Luxury Properties, we go beyond the market— specializing in buying, selling, and investing in both commercial and residential real estate, including exclusive offmarket properties. Whether you’re looking for a dream home, a high-return investment, or a prime commercial space, we deliver unmatched expertise and access to the best opportunities.
BUYING?
Gain access to exclusive off-market listings and premium properties before they hit the market. We find the perfect fit for your lifestyle, business, or investment goals.
INVESTING?
We help you maximize returns with exclusive highyield investments, from residential developments to commercial properties, helping you build long-term wealth with insider market insights.
PUBLISHERS NOTE
Welcome to another edition of the Ontario South Asian Real Estate Magazine, where we are thrilled to feature the dynamic Sukh Tax & Financial Services as our feature cover story. As a cornerstone in the financial services sectors, Sukh Tax has earned a reputation for delivering exceptional service, personalized advice, and unwavering dedication to clients in the Peel Region of Ontario.
In this issue, we explore the inspiring story behind Sukh Tax & Financial Services, showcasing the hard work, expertise, and commitment to excellence that has made them a trusted name in the South Asian community and beyond. From real estate investments to financial planning, the Sukh Tax team provide invaluable insights and solutions that help individuals and families achieve their financial dreams.
The Sukh Tax team’s deep understanding of both the real estate market and financial planning intricacies enables them to offer personalized specialty services that empower clients to make informed decisions for their futures. Whether you’re looking to buy your first home, expand your investment portfolio, navigate complex financial landscapes or simply get your annual taxes done, Sukh Tax & Financial Services is here to guide you every step of the way.
This magazine continues its mission to inspire, inform, and connect our community with the best in real estate and financial services. We hope the feature cover story and articles in this issue will inspire you to take the next step in your financial journey, armed with the knowledge and support of a trusted expert.
Additionally, we are excited to present a special BC feature on Realtor Mona Arora from Strata Queens. Mona, a trailblazer in the real estate world, has made a significant impact in British Columbia, particularly with her expertise in strata properties. As the leader of Strata Queens, Mona offers a unique approach to real estate, helping clients navigate the complexities of strata ownership and making the process seamless and stress-free. Her dedication, integrity, and commitment to her clients make her a standout professional in the BC market, and we are honored to share her journey and accomplishments with our readers.
Thank you for your continued support. We hope you enjoy this edition and look forward to bringing you more stories of excellence from our community.
DUSTIN SIDHU
The Off-Market Realtor
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South Asian Health Magazine
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JEEVAN PUNNI
From Visionary Broker to Community Pillar
Jeevan Punni’s passion for land development and real estate has propelled him to become one of the most respected Real Estate Brokers in the Greater Toronto Area (GTA). With over a decade of experience, Jeevan has forged partnerships with top-tier developers such as Lifetime, CentreCourt, Empire Developments, Tridel, Fernbrook, Dianels Corp, Liberty Developments, Menkes, Emblem and many others. His exceptional achievements have earned him a spot among Canada’s elite real estate professionals. As a former Top 1% RE/MAX Broker in the country and ranked #14 nationwide, Jeevan has been celebrated with numerous accolades, including the prestigious RE/MAX Hall of Fame Award in 2012 and the RE/MAX International Chairman’s Club Award for outstanding sales performance and many more to current date.
Beyond his success with RE/MAX, Jeevan has also secured several top industry honours, such as the Top Platinum Producer Award, the Top Individual Salesperson Award, and the coveted $10,000 Grand Year-End Prize from Baker Real Estate amongst all realtors. His standout achievement in selling the highest number of suites at new condominium sales offices highlights his unmatched expertise in pre-construction real estate.
Jeevan’s client-centric approach is at the core of his success. His dedication to delivering exceptional service and creating developments that go beyond expectations sets him apart as a trusted advisor in the competitive GTA real estate market. But Jeevan’s reach extends beyond real estate. A true community advocate, he is actively involved in promoting and sponsoring a variety of local events, including the South Asian Trade Shows Expos, Home and Condo Show, Bollywood festivals, and cultural celebrations at the Living Arts Centre. His contributions also span into supporting local children’s soccer teams, collaborating with law enforcement on community initiatives, and giving generously to food banks, Churches and charities.
A Spirit of Entrepreneurship
Jeevan Punni’s entrepreneurial journey began at a young age. Even as a teenager, he was driven by a desire to build and create, launching several successful small and home-based businesses. Over the years, this spirit has evolved, positioning him as a seasoned business leader. In addition to his highly successful preconstruction real estate ventures, Jeevan founded multiple businesses, including Homelife G1 Realty, Inc. and Helperzz Management Corp., further solidifying his status as an innovative entrepreneur.
Whether he’s closing multi-million-dollar real estate deals or supporting local causes, Jeevan Punni remains a visionary leader committed to making a
impact both in his industry and in his community. His drive, passion, and commitment to excellence continue to shape the landscape of the GTA and beyond.
POST EVENT COVERAGE HAPPY HEALTHY HOME SHOW 2024
The Happy Healthy Home Show was launched in 2024 in both British Columbia and Ontario, building on the successful foundation of the South Asian Health Expo, which Rina Gill and her partner, Dustin Sidhu, have organized for the past 13 years in Surrey, BC, and 5 years in the Peel Region of Ontario. This year, they introduced a new twist by incorporating the real estate element, with a clear goal: to equip families with the resources they need to thrive both personally and professionally.
Special thanks to the incredible sponsors and businesses in both provinces that supported this community initiative. In Ontario, Homelife G1 Realty (broker of record, Jeevan Punni), Helperzz, and Sukh Tax Financial Services came on board as main sponsors. In BC, the award-winning Brian Jessel BMW served as the title sponsor, alongside Freedom Capital, led by Pip Dhaliwal.
The events in both provinces showcased a wide array of national and local businesses, community organizations, and non-profits. Attendees enjoyed free admission and had the opportunity to connect with industry experts for complimentary consultations. In Ontario, the event took place at Mississauga City Hall, where Ward 5 Councillor Natalie Hart presented Rina Gill and Dustin Sidhu with Certificates of Appreciation for their efforts. In BC, the event was held at Surrey City Hall, where Councillors Linda Annis and Michael Bose met with vendors and attendees, showing their support for the initiative.
Rina and Dustin are already in planning mode for the 2025 Happy Healthy Home Show and hope to attract major national corporate sponsors to further elevate this impactful community event.
UPCOMING FEATURE COVER STORY
MANRAJ S. MUKKAR
PARTNER, CASSELS BROCK & BLACKWELL LLP
Manraj (Manny) Mukkar is an experienced lawyer and a partner in the Real Estate & Development Group at Cassels, a leading Canadian national law firm. Manny’s practice focuses on all aspects of commercial real estate law and general corporate matters in which he routinely acts on behalf of developers, vendors, purchasers, lenders, and borrowers on a broad range of complex commercial real estate transactions, with a particular concentration on acquisitions and dispositions of commercial properties, and commercial financing transactions involving all real estate asset classes.
Aside from managing a busy practice, Manny is active in the community contributing his time and experience by serving as a mentor to international students to help nurture their growth and assist with their transition into the Canadian legal market. Manny is also a member of his firm’s Inclusion & Diversity Committee and serves as co-chair of the Asian Affinity Group. He has also held various positions for the Sikh Foundation of Canada, a non-profit organization that seeks to promote Sikh history, arts, and culture.
Drawing from his substantial experience in a wide variety of transactional work, Manny prides himself on delivering professional, practical, and solution-driven advice which enables him to navigate complex legal issues to ensure the most optimal results for his clients.
Home Inspections
Commercial Building Inspections
Mold inspections
Air Quality Test, and Mold Remediations
A home inspection is the most important step of Home Buying process. Buying a new home is probably the biggest investment you’ll ever make, and it’s a decision that will affect you for years to come. The process can be extremely stressful and confusing. And of course, there is always considerable risk involved when making such a large purchase decision. A professional inspection will significantly reduce your risk and help make the entire home-buying process easier and less stressful.
We, Technominds Inspection Services Inc. are in the Residential, Commercial, Mold and Environmental inspection business and maintain high professional standards. We all know buying a property, usually is the biggest investment we make. It’s always better to protect this investment by knowing the facts before you own them. We provide educated and valuable information to help our client to make an enlightened decision.
Our reports are detailed, unbiased, and easy to read and understand. We provide you electronic inspection report with pictures and thoroughly explain the report findings at the time of inspection. In addition to reporting any deficiencies or potential failures, our inspections include maintenance tips and other educational information.
BUILDING WEALTH THROUGH REAL ESTATE INVESTMENTS:
A PATH TO FINANCIAL FREEDOM
In today’s ever-changing economic landscape, building wealth requires more than just saving money or investing in traditional assets like stocks and bonds. Real estate has long been recognized as one of the most reliable and lucrative ways to grow wealth, offering both immediate cash flow and long-term appreciation. For South Asian families in Ontario, real estate investment is not just a financial strategy—it’s a cultural cornerstone, deeply rooted in the value of property ownership. Whether you’re a first-time investor or a seasoned pro, understanding how to leverage real estate can help you achieve financial freedom and generational wealth.
WHY REAL ESTATE?
Real estate is a tangible asset that provides multiple avenues for wealth creation. Unlike stocks, which can be volatile and unpredictable, real estate offers stability and control. Here are some key reasons why real estate is a powerful wealth-building tool:
1. Appreciation : Over time, property values tend to increase, especially in high-demand areas like Ontario. As the population grows and urban centers expand, the value of well-located properties often rises significantly.
2. Cash Flow : Rental income from investment properties provides a steady stream of passive income. This income can cover mortgage payments, property
3. Leverage : Real estate allows you to use other people’s money (OPM) to grow your wealth. By securing a mortgage, you can purchase a property with a relatively small down payment and benefit from the property’s appreciation and cash flow.
4.Tax Benefits : Real estate investors in Canada enjoy several tax advantages, including deductions for mortgage interest, property taxes, and maintenance expenses. Additionally, capital gains from the sale of a primary residence are tax-free.
5.Diversification : Adding real estate to your investment portfolio reduces risk by diversifying your assets. Real estate often performs differently than stocks or bonds, providing a hedge against market volatility.
STRATEGIES FOR BUILDING WEALTH THROUGH REAL ESTATE
There are several ways to approach real estate investment, depending on your financial goals, risk tolerance, and level of involvement. Here are some proven strategies:
1.Buy and Hold : This is the most common strategy, where you purchase a property and hold onto it for the long term. The goal is to benefit from both rental income and property appreciation. For example, buying a single-family home or a condo in a growing area like Mississauga or Brampton can yield significant returns over time.
2. House Hacking : This involves purchasing a multi-unit property (like a duplex or triplex), living in one unit, and renting out the others. The rental income can cover your mortgage and living expenses, allowing you to live virtually rentfree while building equity.
3. Fix and Flip : If you have an eye for design and construction, flipping houses can be a profitable venture. The idea is to purchase a distressed property, renovate it, and sell it for a profit. This strategy requires careful planning and a solid understanding of the local market.
4.Real Estate Investment Trusts (REITs) : For those who prefer a hands-off approach, REITs allow you to invest in real estate without owning physical property. REITs are companies that own, operate, or finance income-generating real estate. They offer liquidity and diversification, making them an attractive option for passive investors.
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5. Short-Term Rentals : With the rise of platforms like Airbnb, short-term rentals have become a popular way to generate higher rental income. Properties in tourist-friendly areas or near major attractions can command premium rates, especially during peak seasons.
TIPS FOR SUCCESS IN REAL ESTATE INVESTING
While real estate can be a lucrative investment, it’s not without risks. Here are some tips to help you succeed:
1. Do Your Research : Understand the local market, including property values, rental demand, and future development plans. Work with a knowledgeable real estate agent who specializes in investment properties.
2. Start Small : If you’re new to real estate investing, start with a single property and gradually expand your portfolio as you gain experience and confidence.
3. Focus on Cash Flow : Prioritize properties that generate positive cash flow. This ensures that your investment is self-sustaining and reduces financial stress.
4. Build a Strong Team : Surround yourself with professionals who can help you succeed, including real estate agents, mortgage brokers, lawyers, and contractors.
5. Be Patient : Real estate is a long-term investment. While some strategies (like flipping) offer quick returns, the true wealth-building potential of real estate comes from holding properties over time.
REAL ESTATE AS A LEGACY
For South Asian families, real estate is more than just an investment—it’s a way to create a lasting legacy. Property ownership provides security, stability, and a sense of pride. By investing wisely, you can build a portfolio that not only supports your family today but also benefits future generations.
In conclusion, real estate investment is a powerful tool for building wealth and achieving financial independence. Whether you’re buying your first rental property or diversifying your portfolio, the key is to approach real estate with a clear strategy, a longterm perspective, and a commitment to continuous learning. With the right mindset and resources, you can unlock the full potential of real estate and create a prosperous future for yourself and your family.
Owner & Agent – Desjardins Insurance Agency Author of the upcoming book Unshakable Leadership
With over 25 years in the insurance industry, Pam Pabla is a trusted name in insurance and financial services, specializing in auto, home, commercial, business, life, and living benefits insurance. As the Owner & Agent of Pam Pabla Insurance & Financial Services Inc., a Desjardins Insurance Agency in Mississauga, she leads a dedicated team committed to helping individuals and businesses make informed decisions to protect what matters most. Pam’s agency is built on a foundation of trust, expertise, and personalized service, ensuring clients receive tailored solutions to mitigate risk and secure their financial future. She is passionate about empowering individuals, families, and businesses with the right coverage, helping them achieve peace of mind and financial security.
Beyond insurance, Pam is also the author of the upcoming book, Unshakable Leadership, where she shares insights on accountability, responsibility, and faithfulness as core pillars of strong leadership. Through her work, she aims to inspire professionals and entrepreneurs to lead with integrity, resilience, and vision.
The Power of Financial Literacy: How Understanding Money Can Transform Your Future
In today’s fast-paced and ever-changing financial landscape, the ability to understand and manage money effectively is more important than ever. Financial literacy—the knowledge and skills needed to make informed financial decisions—is not just a luxury for the wealthy; it’s a necessity for everyone. Whether you’re saving for a dream home, planning for retirement, or simply trying to make ends meet, financial literacy can be the key to unlocking a brighter, more secure future.
WHAT IS FINANCIAL LITERACY?
Financial literacy is the foundation of sound money management. It encompasses a range of skills, from budgeting and saving to investing and debt management. At its core, financial literacy is about understanding how money works and using that knowledge to make decisions that align with your goals.
For example, a financially literate person knows how to:
Create and stick to a budget.
Build an emergency fund for unexpected expenses.
Understand the difference between good debt (like a mortgage) and bad debt (like high-interest credit cards).
Make informed decisions about investing and retirement planning.
Unfortunately, many people lack these basic skills. According to a recent survey, nearly 60% of Canadians feel stressed about their finances, and a significant portion admit they don’t fully understand concepts like compound interest or investment risk. This knowledge gap can lead to poor financial decisions, mounting debt, and missed opportunities for wealth-building.
WHY FINANCIAL LITERACY MATTERS
Financial literacy is more than just a personal skill—it’s a tool for empowerment. When you understand how money works, you gain control over your financial future. Here’s why it matters:
1.BETTER DECISION-MAKING : Financially literate individuals are better equipped to evaluate financial products, from credit cards to mortgages, and choose the ones that best suit their needs.
2.REDUCED STRESS : Money is one of the leading causes of stress for Canadians. By understanding your finances, you can reduce anxiety and feel more confident about your financial situation.
3.PROTECTION AGAINST SCAMS : Financial scams are on the rise, targeting vulnerable individuals who may not fully understand how financial systems work. Financial literacy helps you recognize red flags and avoid falling victim to fraud.
4.LONG-TERM WEALTH BUILDING : From saving for retirement to investing in real estate, financial literacy enables you to make decisions that grow your wealth over time.
HOW TO IMPROVE YOUR FINANCIAL LITERACY
The good news is that financial literacy is a skill that can be learned and improved at any stage of life. Here are some practical steps to get started:
1.EDUCATE YOURSELF : Take advantage of the wealth of resources available, from books like *The Wealthy Barber* by David Chilton to podcasts and online courses. Many organizations, including the
Government of Canada, offer free tools and guides on budgeting, saving, and investing.
2.START WITH THE BASICS : Begin by tracking your income and expenses to create a budget. Identify areas where you can cut back and allocate those savings toward an emergency fund or investments.
3.SEEK PROFESSIONAL ADVICE : Financial planners, tax advisors, and accountants can provide personalized guidance tailored to your unique situation. For example, a tax professional can help you maximize deductions and credits, while a financial planner can create a roadmap for achieving your long-term goals.
4.PRACTICE CONSISTENCY: Financial literacy is not a one-time achievement—it’s an ongoing process. Regularly review your financial goals, adjust your budget as needed, and stay informed about changes in the financial landscape.
THE LONG-TERM BENEFITS OF FINANCIAL LITERACY
The impact of financial literacy extends far beyond your bank account. When you understand how to manage money effectively, you gain the confidence to pursue your dreams, whether that’s starting a business, traveling the world, or retiring comfortably. Moreover, financial literacy has a ripple effect, benefiting your family and future generations.
For example, teaching your children about budgeting and saving can set them up for a lifetime of financial success. Similarly, making informed decisions about investments and retirement planning can ensure that you leave a lasting legacy for your loved ones.
CONCLUSION
FINANCIAL LITERACY IS NOT JUST ABOUT NUMBERS —it’s about empowerment, security, and freedom. By taking the time to understand how money works, you can make informed decisions that transform your financial future. Whether you’re just starting your journey or looking to refine your skills, remember that every step you take toward financial literacy is a step toward a brighter tomorrow.
So, what are you waiting for? Start today by setting a financial goal, educating yourself, or reaching out to a professional for guidance. Your future self will thank you.
INVESTING WITH HOLA GROUP: PROPERTIES THAT GENERATE PASSIVE INCOME AND ARE THE IDEAL SPOT FOR YOUR RETIREMENT
Hola Group offers access to a variety of real estate markets with excellent investment opportunities, especially for those looking for properties that are not only a retirement spot but also generate passive income, allowing them to pay for themselves.
In Orlando, Florida, the booming tourism industry, the growing job market, and rising property values create the perfect environment for investors seeking high rental yields Additionally, Florida’s tax benefits further enhance the profitability of investments.
Miami stands as a global hub for tourism and business, with consistent property appreciation and high demand for shortterm rentals. Pre-construction opportunities in prime locations, combined with favorable tax policies, make Miami an ideal market for those looking for passive income to support their investment
he Dominican Republic, is bbean destination with perties generating high ax incentives for foreign ith rising property values m, make this market an for those wanting to earn rentals
Riviera Maya, in Mexico, is a destination that combines natural beauty with high demand for vacation rentals, ensuring strong yields Competitive prices on preconstruction projects and return potential make this market ideal for those looking for properties that generate income through tourism
Costa Rica is an excellent choice for investors looking for income-generating properties. With a stable economy and high demand for short-term rentals, this market offers excellent tax incentives, particularly for foreign buyers, along with a strong focus on sustainability.
Hola Group has a team of experts in taxes, financing, and property management, ensuring that each investment is maximized to its full potential You will not only be investing in high-performing properties, but also have the professional support to help you make informed decisions, optimize your returns, and ensure the success of your investment
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CREA Updates Resale Housing Market Forecast for 2025/2026
Ottawa, ON January 15, 2025 – The Canadian Real Estate Association (CREA) has updated its forecast for home sales activity and average home prices via the Multiple Listing Service® (MLS®) Systems of Canadian real estate boards and associations and expanded the outlook to include 2026.
CREA’s latest forecast is little changed from the fall 2024 outlook. The assumption remains that the combination of two and a half years of pent-up demand and lower borrowing costs, together with the usual burst of spring listings will lead to a rebound in market activity across the country in 2025. There was a good preview of what that might look like during the fourth quarter of 2024.
In addition to lower mortgage rates, the expectation the Bank of Canada may soon signal that interest rates are about as low as they are likely to go in this easing cycle could spur even more demand from those who have been waiting for the right time to lock in a fixed-rate mortgage.
This rebound in demand is expected to play out differently across Canada, with British Columbia and Ontario expected to see bigger rebounds on the sales side owing to how low sales are there currently, together with more plentiful inventories, and less scope for price gains in these already expensive parts of the country.
By contrast, increased demand is expected to play out more on the price side in Alberta and Saskatchewan where sales were already near record levels in 2024, inventories are currently near-20-year lows, and prices are still relatively more affordable.
Manitoba, Quebec, and the Atlantic provinces are all expected to fall between these extremes, with both more sales and higher prices in 2025.
While the main upside risk that years of pent-up demand could all show up at the same time as opposed to being more spaced out is still very much a possibility, a significant new downside risk has appeared in the form of a potential major trade war with the United States and the implications this could have on the Canadian economy.
With little way of incorporating either of these into the forecast numbers at this point, these risks will be evaluated based on incoming information and data between now and CREA’s next forecast in April 2025, and incorporated into that outlook accordingly.
Some 532,704 residential properties are forecast to trade hands via Canadian MLS® Systems in 2025, representing an 8.6% increase from 2024. This represents an upward revision to the previous forecast for a 6.6% increase, based primarily on the surprising strength of markets across most of Canada in the fourth quarter of last year.
The national average home price is forecast to climb by 4.7% on an annual basis to $722,221 in 2025, little changed from the 4.4% gain forecast last October. Outside of British Columbia and Ontario, these kinds of price gains and some even larger ones are already well underway.
In 2026, national home sales are forecast climb a further 4.5% to 556,662. The national average home price is forecast to rise by 3.3% from 2025 to $746,379 in 2026.
Each quarter, CREA updates its forecast for home sales activity and average home prices via Multiple Listing Service® (MLS®) Systems of Canadian real estate boards and associations. CREA’s next forecast will be published on Tuesday, April 15, 2025.
MASTERING THE TAX SEASON:
EXPERT INSIGHTS FROM SUKH TAX & FINANCIAL SERVICES
What inspired your family to start Sukh Tax and Financial Services, and how has the journey evolved over the years?
With a passion for entrepreneurship, our family decided to start the business over a decade ago to help Canadians and local businesses grow. Over the years, we have continually evolved our service offerings to adapt to the ever-changing business environment. Currently we operate four physical locations and serve clients across Canada through our virtual platforms, including the Sukh Tax App, WhatsApp, and our website. Our primary focus remains on being a trusted financial partner to our clients, driving innovation, and leveraging technology to provide comprehensive, holistic services.
What are the key advantages and challenges of running a
family-owned business?
Among others, some of the key advantages of running a family-owned business are having a shared vision, flexibility, and commitment. As a family, we share a common vision for the long-term direction of the business, which strengthens the decision-making process. There is also a lot of flexibility when it comes to decisionmaking. In a family environment, it is easier to facilitate discussions and implement changes quickly because the main decision makers are in constant contact with one another. Lastly, there is a high level of commitment within a family business as everyone is striving to achieve a common goal.
Some of the challenges when it comes to running a family business include finding balance, role ambiguity and conflict resolution. Finding a balance between personal and professional life can be difficult, particularly if business discussions are cutting into family time. This can have a negative impact on personal relationships. Role ambiguity can also pose a challenge as family members may have overlapping or unclear responsibilities. To avoid confusion and inefficiencies, it is important to clearly delegate roles among the family members. Conflict resolution is another important challenge that can lead to difficulties when managing a family business.
Some of the challenges when it comes to running a family business include finding balance, role ambiguity and conflict resolution. Finding a balance between personal
and professional life can be difficult, particularly if business discussions are cutting into family time
How do you divide roles and responsibilities among family members to ensure smooth operations?
To create efficiencies, each family member is delegated roles based on their strengths. These roles and responsibilities are clearly defined to avoid confusion, and regular touchpoints are scheduled to ensure timelines are being met. By utilizing the skills and expertise of each individual, we are able to improve the efficiency of business operations. Creating an organized structure within any business is important to ensure productivity, and even more particularly important in a family run business.
What
values or principles do you believe set Sukh Tax apart from larger or non-family-run
competitors?
We believe that the following values set Sukh Tax apart from our competitors:
Client-centric approach – we place a strong emphasis on personalized customer service and building longterm relationships with our clients. Our key goal is to deliver excellence, through providing quality services and showcasing mastery in our industry.
At Sukh Tax, we are continuously exploring innovative solutions to enhance our services where we leverage modern technologies to better serve our clients
Respect – showing respect to clients and team members is the most important value that we embody at Sukh Tax. We make it a priority to ensure that every client interaction is conducted with respect. We also prioritize mutual respect among team members to foster a collaborative work environment, where we support and encourage each other’s professional growth.
Community involvement – as a family-run business, we strive to be a part of the community and give back in every possible way that we can. To remain involved, we have participated in numerous local events where we share valuable tax knowledge. We have also sponsored community events as we believe in supporting other local business and organizations.
Innovation – at Sukh Tax, we are continuously exploring innovative solutions to enhance our services where we leverage modern technologies to better serve our clients. In today’s fast-paced environment, we ensure to remain open-minded and adapt our business practices to align with the evolving dynamics of the
What are the biggest mistakes you see businesses and individuals make during tax season?
The biggest common mistakes that we see both businesses and individuals make during tax season are missing deadlines, failing to keep accurate records, not seeking professional help, not planning for tax liabilities, and ignoring changes in tax laws. Missing deadlines on your personal and corporate tax filings can result in heavy penalty fees and interest charges, that can be hard to reverse. These charges can be avoided by maintaining your books at a trusted accounting firm that will ensure that deadlines are met. We also see individuals and businesses failing to keep accurate records of their transactions, which can lead to inaccurate tax filings. The third common mistake is not seeking professional help. We see this more often with individuals than businesses, as taxpayers often underestimate the complexity of personal tax filings. It is important that both individuals and businesses seek professional help with technical tax matters.
We also encourage our clients to take advantage of new product offerings that can digitalize their day-today accounting, allowing for more accurate record-keeping
Many individuals and businesses do not plan for upcoming tax liabilities and are often shocked by the owing amount at the time of tax filing. It is important to remember if that you have self-employment or business income, you need to set aside estimated tax payments as these payments are not withheld throughout the year. Lastly, tax laws are subject to frequent changes and not being aware of these developments can lead to missed opportunities or even non-compliance. It is important that you speak to your accountant to understand how recent changes in tax law can have an impact on your finances.
How has the tax landscape changed in recent years, and how do you help clients navigate these changes?
The tax landscape is ever-changing and in recent years particularly, we have seen changes in Harmonized Sales Tax (HST) and Goods and Services Tax (GST), capital gain rules, taxation of cryptocurrency and overall, a shift to digital tax filing. In today’s technology-focused business environment, Canada has increasingly moved towards digital tax filing and reporting, allowing for more flexibility and efficiency. We have helped clients navigate these changes by keeping them educated through our regular email blogs as well as touchpoints to discuss how these changes impact their specific financial situations. We also encourage our clients to take advantage of new product offerings that can digitalize their day-to-day accounting, allowing for
What strategies do you recommend to businesses for better tax planning and compliance throughout
Some key strategies that we recommend to businesses include: maintaining accurate and organized records, understanding your tax obligations, and seeking professional advice before completing major transactions. It is important for businesses to maintain up-todate recordkeeping to ensure that financial data is accessible, accurate, and complete, which is essential for preparing accurate tax filings. Businesses can use bookkeeping software or ask their accountant to help with timely accounting. It is also very important for businesses to understand their tax obligations to avoid issues such as non-compliance penalties and CRA audits.
Depending on the nature of the transactions, each business can have different tax implications and deadlines. Therefore, it is crucial to speak to your accountant to understand your business’s specific tax obligations. Lastly, it is essential to speak to a trusted professional, such as your lawyer and accountant, before completing substantial transactions. Seeking advice before making these decisions can really help you to understand alternatives and manage your financial situation better. Our focus at Sukh Tax is to be a forward-looking firm, taking a proactive approach to help our clients with due diligence before making important decisions.
Can you share a memorable success story where Sukh Tax helped a client save significantly or overcome a major tax challenge?
At Sukh Tax, we have helped businesses big or small resolve and deal with complex tax situations, but one of our most recent memorable success stories is one where we helped a vulnerable senior client benefit from her unused RRSP contributions. Upon checking her CRA records for previous tax filings, this client had RRSP balances from previous years that were not used as a tax deduction. Although the process took months to resolve with constant coordination with CRA, we were able to help this client change her tax situation from a very large balance owing to a refund position. As a result, the client expressed deep gratitude, and it is that sense of appreciation that motivates us as a firm and makes our work so rewarding. No matter the size or profile of a client and their tax situation, Sukh Tax is committed to helping clients financially prosper.
What role does community engagement play in your business, and how do you maintain strong client relationships?
As a family run business, staying involved within the community and maintaining meaningful client relationships is highly valued. Within the community, we ensure to upkeep our involvement by attending local events, as well as events within the accounting industry. Through these events, we are able to share valuable tax knowledge and provide mentorship to young professionals. Over the years, we have also built a strong internship program for accounting students, helping them to kickstart their careers. At the firm, we place high importance on building strong client relationships through maintaining a personal touch with our client base. We do so by taking the time to ensure that each client interaction is handled with care, professionalism and with a helpful mindset.
What advice would you give to young entrepreneurs starting their own business, particularly in financial services?
Starting a business, especially in financial services, can be both exciting and challenging. As a young entrepreneur entering this field, it’s crucial to not only focus on innovation and growth but also on building trust, compliance, and long-term sustainability. Some key pieces of advice are to focus on expertise, leverage technology, building relationships and being adaptable. As the financial services industry is highly regulated and technical, it is essential to have a solid understanding of financial concepts, regulations, and the specific needs of your target clientele. This will help build trust and creditability with your clients. It is also important to keep up with new and emerging technologies, as financial technology (fintech) is revolutionizing the financial services industry. Consider integrating this cutting-edge technology into your offerings to enhance the client experience and operational efficiency. Within the financial services industry, it is crucial to network and build relationships with not only prospect clients, but also with other professionals. Having connections with likeminded professionals will help you stay up to date of current and common practices which will allow you to improve on the quality of your service offerings. Lastly, staying adaptable and open to change is key in today’s world. The financial services industry is always evolving, and it is essential to stay on top of market trends, new financial products, changing regulations and technological advancements. Being adaptable allows you to pivot and seize new opportunities when they arise, which can become your competitive advantage.
AI, or new financial tools in the tax and financial industry?
At Sukh Tax, a key factor in our mission statement is to employ modern strategies to provide comprehensive end-to-end services. We make it a top priority to stay up to date with and invest in new and emerging technologies to better serve our clients. In the recent years, we have expanded our service offerings to include virtual platforms such as the Sukh Tax App, WhatsApp, and our website where clients are able to file and discuss their personal and corporate tax returns completely online. We also use various cloud-based accounting software, which allows our business clients to take advantage of new accounting tools that can increase efficiency. We believe that staying at the forefront of emerging technological advancements not only benefits us, but more importantly, helps our clients improve the quality of their financial management.
What’s next for Sukh Tax and Financial Services, and what are your long-term goals for the business?
Our long-term goal for the business is to continue remaining client-centric and provide the best possible services to our network. Sukh Tax aims to go beyond just being your typical accounting firm; instead, our mission is to be the financial partner for Canadian businesses and individuals. Being there to support our clients at every step of their financial journey holds great importance to us and is the objective behind every business decision made at Sukh Tax.
ISHA CHHABDA
FOUNDER, SILVERCLOUD LAW
Isha represents homeowners, and businesses, ensuring that their real estate transactions - from residential purchases to large commercial dealings - are managed with accuracy and diligence.
In addition to her legal practice, Isha is dedicated to giving back through various community-focused volunteer efforts. She is actively involved in mentoring and regularly offers her time to assist newcomers, particularly international students, as they transition into the Canadian legal and business environment. Isha is also passionate about supporting local initiatives that promote community development and provide aid to those in need. As a member of various business networking organisations, she continues to share her expertise, helping others achieve their professional goals.
Drawing from years of experience and a commitment to providing practical, solution-oriented advice, Isha prides herself on being a trusted advisor, helping her clients navigate legal challenges efficiently while safeguarding their interests.
Isha Chhabda is a seasoned lawyer and the founder of Silvercloud Law, a boutique firm specializing in real estate law and business transactions. With a client-centric approach, Isha has built a reputation for providing expert legal advice in both residential and commercial real estate, as well as guiding private business owners through a wide range of legal matters, from acquisitions to corporate restructuring. Her practice is known for its comprehensive and detail-oriented service, making complex legal processes seamless for her clients. AREAS OF EXPERTISE
“This company stands above the rest - quick to respond and shows up on time. I had pot lights put throughout my second floor and was amazed at how efficiently the work was done. Hossein was able to make great suggestions regarding placement that I would have never thought of. I highly recommend Hossein and his crew, and won't hesitate to use them again for future projects.”
UNVEILING THE STORY OF A REAL ESTATE
LUMINARY:
MONA ARORA
A.K.A. STRATA QUEENS
What inspired you to become a realtor® , and how long have you been in the real estate business?
My journey into real estate was sparked by a personal experience. There were two separate occasions in which I was involved in real estate transactions, and certain critical information was not fully disclosed to me. These oversights had a significant impact on my investments, and it made me realize how crucial it is for clients to have access to the right knowledge and transparency when making such an important decision.
I’ve been in the real estate business since 2004, and my passion for both real estate and helping people has only grown since then
This was my motivation for becoming a realtor—I wanted to ensure that no one else would go through a similar experience. I’ve been in the real estate business since 2004, and my passion for both real estate and helping people has only grown since then. I am driven by the desire to make the buying and selling process as smooth and informed as possible for my clients.
What types of properties do you specialize in? Do you primarily work with buyers, sellers, or both?
I primarily specialize in strata properties, which includes condos, townhouses, office units, and any real estate governed by strata regulations. Strata properties can be complex, but I thrive in understanding the intricacies of this sector and find it fascinating.
I am driven by the desire to make the buying and selling process as smooth and informed as possible for my clients
I believe in guiding my clients, providing them with advice based on what makes sense for their long-term future and investment. I consider myself a trusted advisor, not just someone who facilitates a transaction
This specialization has led me to develop a deep expertise in managing the specific nuances of strata transactions. Additionally, presale properties are a significant part of my business. I know the presale market inside and out, and I’ve developed a particular interest in helping clients navigate this space. While I work with both buyers and sellers, my focus on strata and presales sets me apart, allowing me to provide expert guidance tailored to these types of transactions.
What do you think sets you apart from other realtors in the industry?
What sets me apart is my deep knowledge of strata properties and the unique brand I’ve developed around this expertise—StrataQueens. Strata properties can be complicated, and many realtors don’t fully understand the specifics of managing such deals, but this is where I excel. Another key aspect that sets me apart is my approach to working with clients. I’m not just a salesperson or order taker; I’m an agent with a strong, informed opinion. I believe in guiding my clients, providing them with advice based on what makes sense for their long-term future and investment. I consider myself a trusted advisor, not just someone who facilitates a transaction. Understanding my clients' needs and delivering personalized service is what truly differentiates me from others in the industry.
How do you build trust and maintain relationships with your clients?
Building trust is at the core of my business. I believe that the real work starts after the sale. While the transaction itself is important, maintaining long-term relationships with my clients is even more so. One of the ways I build trust is through regular follow-ups, especially after a sale has closed. This shows my clients that I am still invested in their journey and that I care about their satisfaction. I make sure to stay in touch, whether it's to offer advice, check in on how things are going, or provide updates on the market. By remaining a consistent point of contact, I demonstrate that I’m there for my clients beyond the initial deal.
How do you help first-time buyers navigate the complexities of purchasing a home?
Purchasing a home for the first time can be an overwhelming process, and it’s important to me that my clients feel empowered and informed every step of the way. I take the time to sit down with first-time buyers and walk them through the entire process, from start to finish.
I go over each document they’ll need to sign, explaining in detail what they mean and how it affects their purchase. I want them to feel confident in every decision they make, so they’re not just relying on me—they understand the process and the impact of each step. My goal is to demystify the process and ensure they feel completely supported and informed throughout.
How do you leverage technology and social media in your work?
Technology and social media are an integral part of how I work, and they are actually one of my strongest suits. I regularly create educational content, such as videos and posts, to keep my audience informed about the real estate market, strata properties, and other relevant topics. Being part of a forward-thinking brokerage gives me access to cutting-edge technology, allowing me to offer the best tools and resources for my clients. I use social media platforms to engage with my followers, offer insights, and build a community around my brand. I believe that leveraging technology in this way not only makes me more accessible but also helps provide valuable information to my clients at their fingertips.
What do you love most about your job?
What I love most about my job is the flexibility and variety it offers. No two days are the same, and I thrive on the dynamic nature of real estate.
From the constant movement of properties to the creative problemsolving that each deal requires, every day presents new challenges and opportunities. I enjoy being able to think on my feet and wear my "creative hat," finding unique solutions for my clients. The unpredictability keeps me engaged and passionate about what I do. It’s a profession that always keeps me learning and adapting, and that’s what excites me.
What do you enjoy doing in your free time outside of real estate?
Outside of real estate, I enjoy spending time with my fur baby and my family. I also host empowerment events, meditation gatherings, and vision board workshops, where I get to connect with people on a deeper level and help them unlock their potential. I’m passionate about motivating others and creating spaces where people can grow. Additionally, I create educational and motivational content, such as videos, which allows me to combine my love for real estate with my desire to inspire others. My son, who lives at UBC, is also a huge part of my life, and I cherish the moments when we can spend time together, even if it’s not as often as I would like.
Where do you see your real estate career in the next 5–10 years?
In the next 5–10 years, I envision growing my business into a larger organization. My goal is to mentor and coach the next generation of realtors, sharing the knowledge I’ve accumulated over the years and helping others succeed in this industry.
Ienjoybeingabletothink on my feet and wear my “creativehat,”findingunique solutions for my clients.The unpredictabilitykeepsme engagedandpassionate about what I do. It’s a professionthatalwayskeeps melearningandadapting, and that’s what excites me
I want to create a community of real estate professionals who are passionate, knowledgeable, and committed to providing exceptional service to their clients. I see myself not only as a top-performing realtor but also as an educator and a leader who can help others navigate the complexities of the real estate world.
Are there any upcoming projects or initiatives you’re excited about?
Here’s the revised paragraph:
I have several exciting projects in the works right now. I’m currently planning a series of seminars focused on presale properties, where I’ll be sharing my expertise and guiding attendees through this often-misunderstood market. Additionally, I’m working on a self-development seminar, which will focus on empowering individuals to take charge of their personal and professional lives. Another exciting project is my podcast, where I bring real stories and real people into the conversation, offering insights not just about strata and real estate, but about life, growth, and success. Through these initiatives, I’m aiming to educate, inspire, and build a community of individuals who are ready to take their lives and careers to the next level.
Mona has been more than just a Realtor to us. She has been with us since we got our first home in Canada. Once she is on it you can just sit back and relax. Everyday she would call us with new listings and we have seen tons of listings with her until we found the one right for us. Its surprising how she never gets demotivated no matter how long it takes. Infact, she ensures that we don't settle for anything but the best although that might mean putting in more time and effort from her end. There were times when she highlighted the shortcomings herself, that her expert eyes could notice and our amateur eyes couldn't, just to ensure that we made the right decision. A big thank you to Mona for always identifying our needs and helping us find the best match.
SOHENA AND CHETAN SAHI
We first met Mona when she came to show our condo, which was listed for sale. Watching her professionalism and the way she interacted with her clients, there was something about her approach that stood out. It left such an impression that we decided to call her when it was time to purchase our next home.
Mona quickly scheduled appointments for us the very next day. She had one house she personally recommended, along with others that matched our criteria. Initially, we weren’t keen on seeing her recommended property, but she encouraged us to view it, saying, “Just see it for my sake. If you don’t like it, we’ll pass.” To our surprise, that was the very first house we saw, and we fell in love with it immediately. We even asked her to cancel the rest of the appointments and made an offer on the spot!
Since then, Mona has become not just our trusted family realtor but also a good friend. Over the past four years, we’ve completed five transactions with her. Her professionalism, genuine approach, and insightful opinions have always guided us in the right direction. Her experience and knowledge are unmatched, and we wholeheartedly recommend Mona to anyone looking to sell or buy a home.
MR AND MRS. ESMUND
