How to qualify for financing in a corporation with Andre Matos
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- Опубліковано 7 вер 2024
- One of the biggest questions I get when setting up corporations is, “How do I get financing in a Corporation?”.
There are many myths around qualifying for financing in a corporation, and some folks believe it’s just impossible!
This week, I have invited Andre Matos, a Mortgage Advisor with Scotia bank, to debunk these myths and share how to actually qualify for financing.
Andre is also a Real estate Investor and Stock Hacker, and you can contact him here: andre.matos@scotiabank.com.
#RealEstateTaxTips #RealEstateInvestors #CanadianInvesting #realestateinvesting #financing #corporation #PREC
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Hi ! All your question is so helpful.
I'm so glad!
Excellent video. I had it in the back of my mind to understand this issue better and this is perfect.
Glad it was helpful!
Great video! We recently rented our primary residence, and we have a full year to sell it tax-free. We asked our accountant if it would make sense to sell that house to our Holding Corporation, and he said he did NOT recommend it, because we would have to pay the land transfer tax. Do you agree with this?
Hi Canadian Options Trader, yes, land transfer tax would be triggered, but that also goes back to your particular situation to decide whether it makes sense to transfer it to the corporation. It might still make sense for you to transfer corporation.
I’m your #1 fan Cherry ;)
If you are buying a home in a holding company are the mortgage interest tax deductible and same with renovations counted as business expense?
Perhaps this video can help you ua-cam.com/video/vZFJFOf5o00/v-deo.html - it applies to most expenses. Renovation is a special case though.
We (I and wife) have a rental property under our personal name, how can I move this property under a holding company?
Do I need to do mortgage again, land title change etc?
This can shred some light to your question -
ua-cam.com/video/poa3oAky9fQ/v-deo.html
Thanks for the great video Cherry! I read you book, very easy to read and relevant information. One question I have is what is the tax implication on capital gain on rental properties in a holding company when the property is sold?
Have you watched this video? ua-cam.com/video/rvo7jxekj2g/v-deo.html
You should be able to find your answer in the video mentioned
I started following your videos. Is there any fees to consider when transferring our condo purchased under personal to a holding company? Is it better to leave it under personal or transfer to holding company? Thanks
Feel free to watch this UA-cam video ua-cam.com/video/poa3oAky9fQ/v-deo.html