RRSP Mortgages / Creative Financing apprenticeship for Canadian Real Estate Investors

RRSP Mortgages / Creative Financing Apprenticeship for Canadian Real Estate Investors is training for real estate professionals who want to have an edge to obtain financing for themselves or their clients if you are licensed

RRSP (Registered retirement savings plans ) allow you to invest your money in mortgages whereby you can determine your own rate of return and have the ability to place the money wherever you choose. When investing your own RRSP funds you must understand it before you proceed:creative financing

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Mortgage Investment Corporation (MIC)

As a full-time Canadian real estate investor, we are required to have a good working knowledge of mortgages, joint ventures, and methods of purchasing properties with creative financing.

The Mortgage Investment Corporation, aka MIC, is a corporation who has been given a special designation by Canada Revenue Agency, as highlighted in the section of 130.1 of the Income Tax Act.

Mortgage Investment Corporation

It is a Canadian Corporation which allows investors to invest their RRSP, RESP, RRIF, and money in a pool of mortgages (mostly residential mortgages) where the properties are located within Canada.

The infrastructure of Mortgage Investment Corporation (MIC) is almost similar to a mutual fund.

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Top 10 tips to save yourself tax dollars in Canada

 “Canadian taxes rarely cause excitement for professional real estate investors but following the simple rules by

 

 

 

 

 

Canada Revenue Agency CRA can provide you all the guidelines to save money” says Navtaj Chandhoke of Professional real estate investors group (PREIG) Canada. The rules are constantly changing and tightening,Don’t despair; there are still simple ways for Canadian real estate investors to limit their tax exposure. Here are top 10 tips to save yourself tax dollars in Canada. And there are three bonus more optional tips.

Top 10 tips to save yourself tax dollars in Canada

Top 10 tips to save yourself tax dollars in Canada

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Who should pay your Down Payment

Is sourcing of  down payment for purchase of your home worrying you? Canada first time home buyers is here to help you.

It guides you to the  Government of Canada  program that helps you  to purchase, renovate, and adapt your house or

Who should pay your Down Payment

Who should pay your Down Payment

condominium. Canadian first time home buyers educates you about various offers and incentives of Government of Canada.

For many Canadian first-time home buyers, managing the down payment is a major  obstacle to home ownership.

Who pays your down payment

Adding to problems of those  paying rent or clearing  student loans, finding down payment is difficult. Buying or building your home can be one of the largest investment in your life time. Canadian first time home buyers have solutions for such clients. Here are some programs and tips that can give your down payment a boost. Canadian first time  home buyers can facilitate your home ownership.

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Syndicate Mortgages Canada

A syndicate mortgage is where several investors combine funds together to create one instrument (a mortgage). The investment ‘moves’ as one funding but each investor is individually registered and secured proportionally. Syndicate mortgages allow you to have direct collateral for your investment and ongoing returns from the interest earned by the mortgage.

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Mortgage Investment Corporation (MIC) Part II

 

Further to our previous article, we like to explain more details as follows:

Can a shareholder borrow money from Mortgage Investment Corporation (MIC)?

Now, this is a tricky question. We would like to explain it to you as follows:
1)Yes you can borrow money from the Mortgage Investment Corporation (MIC), provided that you have purchased your shares in the form of hard cash, subject to all the qualifications, rules, and regulations set up by the corporation.

2)No, you cannot borrow money if you have purchased your shares of the Mortgage Investment Corporation (MIC) inside of your Registered Retirement Savings Plan (RRSP), Registered Retirement Income Funds (RRIF), or Registered Education Savings Plan (RESP), because of the Income Tax Act.

 

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RRSP Investment Options

November 19th,2010 | www.WorldWealthBuilders.com |

“RRSP can be utilized to its maximum benefits as per the guidelines of Canada Revenue Agency (CRA) apart from tax deferral and retirement savings. Being an educated Professional Real Estate investor would be able to get benefits many times over says Navtaj Chandhoke, founder, World Wealth Builders, a Canadian Institute for Real Estate investors and mentoring. You need to learn and keep yourself up to date to have maximum benefit from your RRSP”.

RRSP Investment Options

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