Tag Archives: Estate

Announcement: RCMP commends Navtaj’s article on Grow op Houses

 RCMP commends Navtaj's article on Grow op Houses

Navtaj Chandhoke is a Canadian-based real estate investor, speaker, author and educator. He is the founder of the Professional Real Estate Investors Group (PREIG) Canada and World Wealth Builders leading real estate investor’s education, support, network and mentoring program. He has been proving real estate education since 1993.

On April 27th, Navtaj Chandhoke received an email from RCMP’s Communication Strategist of Serious and Organized Crime, Marc-Andre Massie. This email stated that they commend his recent article in reference to the RCMP’s strategy to combat illegal marijuana grow operations and the related organized crime groups. The Professional Real Estate Investors Group (PREIG) Canada is supporting the RCMP initiative and is engaged with promoting the Marijuana Grow op houses Initiative (MGI).

In this article, Navtaj Chandhoke stressed that every Canadian Real Estate Investor should always do their due diligence and if required, check the RCMP website to verify if the property has ever been a Grow op houses. Grow op houses can be health hazards causing problems such as mold. Due to the nature of this crime, it has the potential of devaluating the property prices as well as the value of all the properties in the neighbourhood which in return will affect any investment strategies.

Every province has different laws, in many cases it is not part of the law to give full or even partial disclosure to the new home buyer or the real estate investor.

The majority of Canadian Real Estate investors prefer to invest in safer communities where they can create good rental pools for people who prefer to rent or lease.

The RCMP is launching the website to let Canadian’s know which properties were grow ops, which can raise a red flag. The RMCP is also seeking approval from Navtaj Chandhoke to reference his articles into their monthly MGI, which gets sent to their entire force. They have also requested to continuously receive more insights from Navtaj about upcoming events, information and support that would benefit the RCMP.

Your success is our business!
Navtaj Chandhoke
Website: www.WorldWealthBuilders.com/live.html | www.preigCanada.com/membership
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Quotes for Canadian Real Estate investors by Warren Buffett

Quotes for Canadian Real Estate investors by Warren Buffett 


 Expert advise is always sought after by Canadian Real Estate Investors Training and apprenticeship is needed to succeed in Canadian Real Estate investing. 
 Here are the top 10 Warren Buffett quotes for Canadian real estate investors. We have broken it down so that everyone can understand how to invest in Canadian Real Estate Investing.  
 You are guaranteed to succeed in Canadian real Estate investing with the willingness to follow  directions from the experienced in the field.   
 Top 10 Warren Buffett Quotes For Canadian Real Estate Investors“Our favorite holding period is forever.”To build true long-term wealth, you must acquire for long term investment for passive income to build wealth. 
 
 #1
 “Risk comes from not knowing what you’re doing.”Canadian real estate investors who are speculators and gamblers will be doing risky investments. 
 
#2 “I always knew I was going to be rich. I don’t think I ever doubted it for a minute.”Canadian real estate investors must have mindset to stay invested in real estate for long term basis" 
 
 “Let blockheads #3read what blockheads wrote.”Generally, nay-sayers are considered pessimists want to be Canadian real estate investors who say "nay" to everything including training, education and coaching. 
 
#4 “Look at market fluctuations as your friend rather than your enemy; profit from folly rather than participate in it.  Despite the economic fluctuations, one must think long term when it comes to Canadian Real Estate Investing.   
 It creates a flood of motivated panic sellers. Canadian real estate investor knows how to buy low and sell high.   #5
 
 “Only when the tide goes out do you discover who’s been swimming naked.”Keep learning from Canadian real estate experts new investing techniques so that you can adapt to a changing market. 
 
 #10“I will tell you how to become rich. Close the doors. Must know how to be opportunistic.  Be greedy when others are fearful.”Greed is for speculators. 
 Always buy it at deep discounted Canadian real estate. Don't follow the crowd.   
 “Never count on making a good sale. When bargaining for investment property ensure you are getting the best deal ”If you’re concerned that you cannot sell the property for full value, then buy it at lower – at about 60% of value – and sell lower – at about 90% of its current market value. #6
 
 “We will reject interesting opportunities rather than over-leverage our balance sheet.”Sometimes the best Canadian real estate deals are the ones you don’t make. 
 
#7 “A public-opinion poll is no substitute for thought.”Only a handful of Canadian real estate investors know the specific techniques for profiting in any market and that’s because they have invested in real estate investment training and apprenticeship
 Being part of a Networking group (PREIG) Professional Real Estate Investors will ensure that you are on top on the information you need to succeed Real Estate investing.    #8
 “The most important quality for an investor is temperament, not intellect… You need a temperament that neither derives great pleasure from being with the crowd or against the crowd.”Don’t worry what the masses are doing. 
 Utilize the proven techniques by the experts in the field to duplicate their results.   
#9 “I really like my life. I’ve arranged my life so that I can do what I want.”Remember, that’s what Canadian real estate investing is all about. 
 You eventually want to live your life the way you want it to be.   

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How to Understand Mortgage Interest Rates in Canada

How to Understand Mortgage Interest Rates in Canada

How to Understand Mortgage Interest RatesInterest rates are going to rise again. Whether you are a sophisticated Professional Real Estate Investor or a Mortgage Virgin, it is good to have basic knowledge about mortgage financing. The options pertaining to lenders, terms, rates, terminology and new products can be overwhelming and will baffle you. Most Canadians like to do lot of research before signing the dotted line, therefore it is vital that you, the Professional, be well informed.

 

Real Estate prices across the country have skyrocketed in recent years, boosted by rock-bottom interest rates that have made it cheaper than ever for Canadians to finance home purchases. Changes to mortgage application rules and the introduction of harmonized sales tax in Ontario and British Columbia are likely to push people into the housing market before the expected slowdown. 
From here forth, you the Mortgage Virgin, will be introduced to new tactics.

Higher Credit Score Requirements

Want a mortgage? You'd better have top-notch credit to get the best deal, or in some cases, to get approved at all. Although mortgages can be arranged in most cases for credit scores down to 620, they often come with a higher rate and/or fees. The sum of your Down Payment can also determine how you qualify for a mortgage. If you are putting down more than 20% the qualifying criteria is different. However, if the sum of your down payment is between 5% to 19.9%, the qualifying criterion is completely different. Be aware of these two options.

Time to obtain Mortgage commitment from the lender

Realtors occasionally push buyers to get preapproved and write "clean" offers without conditions. Unfortunately, preapprovals don't guarantee a "final" approval. Preapprovals are often just glorified rate holds. Proper financing conditions give you time to arrange an iron-clad approval before you commit to buy.

How long and at what rate?

The term you elect often effects the total interest you pay more than the rate itself. Consult a professional to pick the right term from the start. Have him/her run a rate simulation to show which term would save you the most money over five years. Feel free to shop Credit unions and any other lenders. Please do not allow anyone to pull your credit report. If you’re credit report is pulled more than 3 times a year, your credit rating goes down.

Payments, Privileges & Penalties

Always be prepared for rainy days as well other circumstance life may throw at you. It’s imperative to be prepared for the good, the bad and the ugly. If you are getting paid weekly, make weekly mortgage payments, if biweekly do the same. Would the lender offer you the privilege to increase the payments in case you attained increased cash flow or a raise. Be aware of the penalty cost in case you need to sell your home prior to mortgage maturity and portability clause.

Negotiate

If you have excellent credit, use your local financial institution as a starting point for locating rates. Ask your mortgage planner to find a lender who will beat the best rate in your province. Use a mortgage professional who compares all lenders; not just a handful. Do your own homework as well. Mortgage brokers only deal with the Lenders who pay them if you are qualified Buyer.

Understand Amortization period

Don't consider a long-term amortization (i.e. 30-35 years) unless you are confident you'll have spare funds to make prepayments. A 35-year amortization will lower your monthly payments to 16 per cent on a 4% interest rate of $250,000mortgage. However, the total interest you'll pay increases 32 per cent versus a 25-year amortization.

Use RRSPs for a down payment as well as a Tax Refund

If you qualify as a first-time home buyer, you and your spouse can each use up to $25,000 from your RRSP as a down payment. CRA will not deem that money taxable income as long as you annually repay 1/15th of the amount withdrawn. Do not forget the big check coming to you as Tax refund from Canada revenue Agency. Use the refund to pay down your debts or mortgage.

Only pay for What you need

Paying extra for an open mortgage, a "capped" variable rate, cash back, large prepayment options, or a 10-year term is often unnecessary. Have your mortgage professional compare the estimated interest cost of alternatives. Check with local credit unions for better terms.
Consider a hybrid Mortgage

Hybrid mortgages are part fixed and part variable. You determine how much of your mortgage goes in each part. Since no one knows how high rates will climb, hybrids nicely diversify your interest-rate exposure. Do your homework and decide based on your comfort level, not the mortgage broker or the Bank.

Mortgage Insurance:

The number one question is who is the beneficiary? Shop, compare and save when purchasing your new home, take the time to shop around for life insurance. Compare the cost of a term life insurance policy to a mortgage insurance policy. Chances are you'll find a term life insurance policy will have lower yearly premiums and offer more coverage and flexibility than a mortgage insurance policy

Rule of thumb:

The price of a home should not exceed 15 times the annual rental income for this or a similar house. If you are paying more, there is a good chance you are overpaying.

-Permission to Reprint

You have the permission to re-print this article , as long as you don’t make any changes and include the bio above.

Your success is our business!
Navtaj Chandhoke
Website: www.WorldWealthBuilders.com/live.html | www.preigCanada.com/membership
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Align yourself with the most powerful, knowledgeable, influential, successful over 12,500+ Canadian Real Estate Investors for monthly mentoring,network and support at Professional Real Estate Investors Group (PREIG) Canada.

 P.S. Take Action now to attend the eye-opening seminar and walk away with confidence, knowledge, and specific "action ideas" that can help you achieve your dreams and leave the rat race behind.

 We have been training Canadian Real Estate Investors since 1993.

9 Fatal Mistakes Made by Canadian Real Estate Investors

9 Fatal Mistakes Made by Canadian Real Estate Investors

As a Canadian  Real Estate investor and mentor, I often see novice Canadian Real Estate investors making the same exact mistakes. As a result, I decided to create the following list to help novices understand what these common mistakes are and how to avoid them.

The good news is that all of these mistakes can be easily corrected.

The bad news is that any one of these mistakes will seriously limit your potential for success. In my experience, these are the 9 most common mistakes I see novice real estate investors make:

1) Not getting an education/information

Getting an education is a critical part of becoming a successful Canadian real estate investor. It’s much easier and less costly to educate yourself than to make mistakes in the real world. We are lucky to live in a country full of educational opportunities for whichever endeavor we want to pursue.

Surprisingly though, not everyone takes the initiative to learn before they take action. This exposes these people to costly (and sometimes career-ending) mistakes that could have easily been avoided. Some misguided people even complain that the books, courses, or seminars promoted by  Canadian real estate experts are too expensive. I guess that depends on where you stand.

To me, they seem cheap compared to what I know can be earned in this business. Perhaps to a novice though, they may seem expensive. But as the saying goes, “If you think education is expensive, try ignorance.” Think about it.

Is a $5000 apprenticeship worth it if what you learn makes you $5,000 on a single wholesale deal? What if it could save you a mere $5,000 on a single rehab? Or what if it helped you to create an extra $200 per month cash flow on a single property for just one year? Would it be worth it to you? The value of an education often doesn’t reveal itself until you’ve stepped up to the plate and put yourself in the game.

2) Not getting an education from the right people

The internet is a great tool. But it’s also saturated with too much information – good and bad, oftentimes, from less than credible sources. So don’t confuse the information you find on the internet as necessarily being quality information. For example, there are a number of Canadian real estate investing newsgroups and blogs that have proliferated on the internet.

Many so called experts on these sites are more than willing to share enough information to get you into trouble.

 I can’t believe some of the misinformation I’ve seen posted on these sites. Remember, anyone can post on a newsgroup and anyone can create a blog. But just because someone has a blog, doesn’t mean they necessarily know what they’re talking about. The misinformation you get may be costly…in either lost profits or reputation.

Novice investors may also get misinformation from friends or family members. Perhaps they dabbled in real estate at one point. Now they feel entitled to tell you what little they may know about real estate investing. Be extremely wary of people who have “dabbled” in anything. Dabblers are rarely experts in anything. As the saying goes, “Jack of all trades, master of nothing.”

3) Not taking action

If you’ve managed to get a good education from a good source, the next step is to take some action. Knowledge will be power only when you begin to apply it properly. Merely buying a wide array of real estate investing products or attending boot camps isn’t going to make you any money.

Some novices neglect to take action because they’re still searching for that magical secret that is going to make it start raining deals. The real secret is hard work! Others are paralyzed by fear of what might happen if they get one of their offers accepted. Or, they may give up making offers if they don’t experience instant success.

Whatever the reason, not taking consistent action is a sure way to fail at anything. Personally, I believe that initial failure is the universe’s way of forcing us to make sure we truly want what we’re pursuing. In the end, persistence is what leads to success. And the more we persist, the closer we get to success.

Many novices regularly attend their local real estate clubs. Clubs and associations are excellent way to network with other like-minded people, learn techniques and strategies, and have fun.

Unfortunately, I’ve met countless club goers who have never done a deal before. Instead of using the club as a spring board into taking action, they tend to use the club as a warm blanket because they fear being out on their own. When I meet these people, my advice to them is to stop sitting around with the other novices talking about all the deals they would like to be doing.

My advice is simple, go out there and get some deals done. We all need a good apprenticeship. But that is only one step in the process. There is no substitute for hard work.

4) Not having realistic expectations

Most novice Canadian real estate investors have unrealistic expectations. It may be about the amount of repairs a property needs, the time it takes to complete a project, or the profit they should get from a deal. They’re expectations are either too high or too low. If they’re wholesaling properties, they may get too greedy and try to charge the rehabber too much.

If they’re rehabbing properties, they may underestimate the repairs required.

If they’re landlording, they may underestimate the amount of maintenance a property will require or forget to factor in vacancies. While getting an education or being apprentice  plays a large role in these mistakes, another reason is that they did not leave enough room for error. They assumed everything would go as planned.

Real estate deals rarely go exactly as planned. Experienced investors understand the importance of planning for the unexpected. This way, when things don’t go as planned it’s not the end of the world.

5) Not treating real estate investing as a business

Contrary to popular belief, real estate investing is not like the stock market. It is not a passive investment. It is an active investment. Whether a novice investor’s intentions are to flip or to own rentals, they sometimes think owning real estate is going to be a lot easier than it is.

While the profit potential in real estate is usually much greater than owning a stock, it inherently requires more effort than most passive types of investments. Whether you’re wholesaling, rehabbing, or landlording, real estate requires your time and constant attention. In this way, it’s more like a business than an investment.

For example, you must be disciplined about your business. You need to set a schedule for yourself and stick to it. You need to set policies and procedures and adhere to them. You need to set goals and do whatever you can to achieve them. Not everyone has that level of discipline without a boss telling them what to do. When you run your own business, you are the boss. You must be willing to make sacrifices to succeed.

For you this might mean that you need to turn off the television and read your home-study courses. It might mean that instead of spending money on new clothes, you invest that money in your business.

Or it might mean that instead of going to the park on Saturday you search the MLS and forum at Professional real estate investors group (PREIG) Canada  look at properties, and familiarize yourself with your target neighborhoods.

6) Not being patient

It can take awhile for novice investors to see positive results when starting out. You can’t expect to immediately find deals and make money. It may take several months to get your first deal. As a comparison, new real estate agents are often told by their brokers that it may take up to six months to close their first transaction.

Similarly, real estate investors should expect to wait a few months to close their first transaction. Furthermore, it can take years for your real estate investing business to become a thriving venture. There aren’t too many businesses that become profitable immediately – no matter the type of business.

It often takes several years for most businesses to get to a point where they make steady and reliable profits. Running your own business can be fun and extremely rewarding. But rest assured, the early years can be unpredictable. As a result, you need to have a lot of patience for things to take off.

7) Not concentrating on quality deals

This is one of the biggest mistakes I see novice investors make, especially after they have done a few deals. After they have some success, they begin to focus too much on quantity instead of doing quality deals. This mindset leads them to do less profitable deals. And once an investor begins to do thinner deals for the sake of doing more deals and outdoing their competition, they eventually find themselves in trouble.

Unfortunately, this is a lesson that most investors learn the hard way. For some reason, avoiding the temptation to focus on quantity is a principle that most investors have a hard time accepting. Their natural inclination is to do more. They might feel the pressure to tell their friends what new project they’re working on. They might feel bored unless they’re working on something new. Or they might feel guilty about not “staying busy.”

Whatever the reason, novices must learn that investing is an activity in which “staying busy” is not always smart. Sometimes, the best deals are the ones you don’t do.

When an investor learns to concentrate on a small number of quality deals, they enjoy not only better profits, but also a better lifestyle since they’re not running around managing a huge portfolio of properties. For most people, the whole point of getting into real estate investing in the first place is to live a better quality of life, not to work longer and harder.

8)  Not moving on from bad deals fast enough

Since novice real investors usually don’t have a steady stream of leads coming in and don’t know what a truly profitable deal looks like, they tend to overanalyze bad deals far too long. They get anxious and want to get deals done. And even when they put the numbers of the deal into their spreadsheet and see the deal clearly doesn’t work, they still find a reason to justify it.

They logically know that a deal should be avoided, but they try to justify it anyway. While I believe everyone needs to start somewhere, the ideal place for a novice real estate investor to start is in a good deal not a bad one.

What novices eventually learn is that not too long after taking on a marginal deal, a great deal is not far behind. But because they’ve tied up their resources with the marginal deal, they can’t pursue the great deal.

9) Not writing down goals

Don’t try to run your business without a clear plan. Clarify your goals by committing them to writing. Then, revisit them once a week until they become reality. Something magical happens when you write down your goals on paper.

They begin to take root. When you focus on them repeatedly, you nurture them and they begin to grow. It’s important to write down your purpose, strategies, and goals. Begin by asking yourself the following questions:

  • What strategy am I pursuing?
  • What will I do with the properties I will buy?
  • How many deals per year will I do?
  • How much profit will I earn per deal?
  • How many offers do I make to make this happen?
  • What kind of life do I want to live outside of the office?

When you’re clear about your goals, you have a much easier time accomplishing them. And if your goals are unrealistic you should change them as necessary. Don’t get stuck in an unrealistic set of goals that will only produce frustration. At the same time, you shouldn’t change your goals too often either.

It’s hard to hit a moving target. You want to strike a good balance between having reasonable, achievable goals and also setting goals that will force you to get outside your comfort zone.

Your success is our business!
Navtaj Chandhoke
Website: www.WorldWealthBuilders.com/live.html | www.preigCanada.com/membership
Newsletter: Subscribe  REI Club Membership | Apprenticeship | LIVE Training
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1-416-409-7300

Joint Ventures Apprenticeship in Real Estate

Joint Ventures Apprenticeship in Real Estate

A Joint venture can be another lifeline for those who want to put their real estate investments on steroids. A Joint Venture does not mean only money, but participation in a project in more than one way.

What is a Joint Venture Partnership?
A Joint Venture Partnership involves each partner bringing forth either a skill, money, land, syndication or expertise. Joint Ventures are quite common in larger projects but can also be utilized on a much smaller level, even when you are purchasing a single family home.
 

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Wholesaling Apprenticeship Canadian Real Estate

Wholesaling Apprenticeship Canadian Real Estate

What does a developer look like? No, they do not look like big fat cats that are untouchable and up on some sort of real estate investing pedestal. Well, I’m sure there are some like that, but my point is, they look like you and me.
As a real estate investor, we must think outside of our box. If we have only been a small time, one of, small portfolio type of investor, well that’s OK. However, it is also very important to think bigger.


If we want to create massive and passive income for ourselves we can do it over a long period of time or we can perhaps create wealth more quickly. We can expand our knowledge to be able to understand the benefits of controlling not just one property, but many at the same time.

Major Misconceptions of most Investors

Three major misconceptions most real estate investors have are:

  1. Big deals never come to small real estate investors like me. (not true; if you know how to talk the talk, most builders will be happy to work with someone who can help unload unsold inventory)
  2. The town planner would never take their time to meet or talk with me. (town planners are happy to speak with real estate investors that can help both realize what the town’s future plan has in mind and help to beautify the town with nicer properties)
  3. Getting zoning changes from the municipality is virtually impossible. (if the changes are in keeping with the town’s expansion plans, then it is very easy you just have to educate yourself on what the plans are and the time-line involved)

Wholesaling Apprenticeship

The World  Wealth Builders Wholesaling Apprenticeship is an exciting and unique opportunity to learn how to become a developer. You will learn how to create massive and passive income for yourself through over 50 specific strategies. The understanding of the acquisition process of multiple properties, dealing with municipalities etc., can give you a major advantage as a real estate investor.

You will also be learning about city zoning bylaws, working with the town planner, understanding the city border lines, and how to use them to your advantage. You will learn to not only be a developer, but a pawn broker of real estate, allowing you to control or buy massive amounts of properties at a huge discount.

To obtain more information about our upcoming Wholesaling Apprenticeship please send an email to [email protected] or go to www.WorldWealthBuilders.com/live.html

__________________________________________________________________________________________________________
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Regular Tuition Fee - $9995*
Special Price for Live Presentation - $4995* (For dates and times check our calender)

To Register Click Here
*+ applicable taxes (GST/HST)

 

Your success is our business!
Navtaj Chandhoke
Website: www.WorldWealthBuilders.com/live.html | www.preigCanada.com/membership
Newsletter: Subscribe  REI Club Membership | Apprenticeship | LIVE Training
Blog | Facebook | LinkedIn | Google+ | Twitter  
1-416-409-7300

 

 

REI Club Toronto Real Estate Investor Club

 REI Club Toronto Real Estate Investor Club

Real Estate Investor Clubs REI Clubs or REIA in Canada

Real Estate Investors Association REIA

 REI Club Toronto Real Estate Investor Club  is a proven path to wealth.  Over the years, many Professional Real Estate Investors and/or corporations built their wealth through real estate investments.  Any successful Professional Real Estate Investors will tell you the three most important keys to success are proper education, mentoring and networking.  Where can you find that for Real Estate investors support, continue education, mentoring and networking clubs or associations?  Every major city in Canada have Professional Real Estate Investors Group (PREIG) Canada’s chapter and  REI Club Toronto Real Estate Investor Club.

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Real Estate Investments In Canada

Real Estate Investments In Canada

Investing it professionally for profits

  Investing in Canadian real Estate requires Professional real Estate investors to acquire properties which are under value with huge positive cash flow where the Canadian grants, rebates and tax write offs are available.
 
 Quick flips or assignments, short term fix and flip and long term buy and hold are few strategies applied by Canadian real estate investors. Professional Real Estate investors do not invest for the sake of it instead this is simply intelligent business decision to make money. The tax laws in Canada allows Canadian home owners to keep all their gains to themselves without paying any taxes. Capital gains tax does not apply to Canadian home owners. Continue reading Real Estate Investments In Canada

Tax Saving Tips for Real Estate Investors in Canada

 Tax Saving Tips for Real Estate Investors in Canada

Tax Saving Tips for Real Estate are as important as Real Estate investments.There are two things certain in life, death and taxes. Majority of Canadians do not understand the complexity of taxation." A major portion of your earning goes toward your taxes which can be as big as 46-80% of your total earnings. Knowing a little about taxes can save you huge amount of money" says Navtaj Chandhoke, founder of Professional Real Estate Investors Group (PREIG) Canada.

Tax Saving Tips for Real EstateHere is brief description of top ten tax saving tips. These are simple guidelines and are not rendered as professional advice. Your Chartered accountant can assist you professionally.

In its T4036 Guide to Rental Income, the Canada Revenue Agency provides a number of questions you can ask yourself to help determine whether an expense is current or capital in nature. For example, you replace wooden steps with concrete steps, it's a capital expense. But if you simply repair the wooden steps, the expense is currently deductible.

Dont exaggerate your home office expenses. This is a red flag for the CRA. There are always exceptions, but a good rule of thumb is a maximum of 25 per cent as the business share of heat, hydro, property taxes and so on.

Keep a careful log of car expenses. This is another red flag for CRA.

If you run into trouble or make a mistake, call the CRA. Most times they will be very helpful, especially if you call before the crunch.

Whatever you do, dont ignore communications from the CRA, respond promptly and make notes of your conversation right on the letter for future reference.

Unless you are incorporated you are required to complete a Statement of Business and Professional Activities (T2125) at the same time as you file your personal taxes.

Dont wait until the last minute. Its impossible to get yourself properly organized under eleventh-hour time pressure and its difficult to make good decisions to minimize your taxes.

Make an estimate of your expected tax bill. If your revenue is going to be high, you might consider making that machinery or computer purchase before years end. Youll defray some of the expense through capital cost depreciation.

You should set aside 30 to 40 per cent of your gross income to cover income tax and CPP. Even if you are the only employee of your business, you are responsible for paying the employee and the employer CPP contributions.

Keep proper records differentiating business from personal If you cant prove it, the CRA will likely assume the expense is personal. Use the categories provided by CRA on the T2125.

Your success is our business!
Navtaj Chandhoke
Website: www.WorldWealthBuilders.com/live.html | www.preigCanada.com/membership
Newsletter: Subscribe  REI Club Membership | Apprenticeship | LIVE Training
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1-416-409-7300

Real Estate Investment Coaching Canada

Real Estate Investment Coaching Canada

Most  Canadian real estate investors, both novice and veteran, are faced with situations that may be either stressful or perhaps they may not know what to do. Many deals as a result are passed on that otherwise could have become excellent, profitable deals. All the investor perhaps needed was the assurance the deal was good or just the guidance as to how to proceed.

Continue reading Real Estate Investment Coaching Canada