All posts by Navtaj Chandhoke

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

Ontario Seniors get 10K Tax Credit for Renovations

Ontario Seniors get 10K Tax Credit for Renovations

Ontario Senior $1500 renovation tax incentive

Healthy Homes Renovation Tax Credit

  Ten thousand dollars in Tax credit will be available for Ontario seniors to renovate and improve accessibility. The Ontario government bill passed in the minority legislature by a vote of 68 to 36.

This was promised to seniors in Ontario by Premier McGuinty during the election campaign. "The tax credit is worth up to $10,000 in eligible home renovation expenses and $1,500 each year, or 15 per cent" Navtaj Chandhoke, founder of World Wealth Builders, a Canadian Real Estate investment training educational and mentoring center in Toronto, Ontario.

The wheelchair ramps, elevators, non-slip bathroom flooring, hands-free taps, automatic garage door owners and motion-activated lighting qualify for this tax credit including grab bars, walk-in bathtubs, Home security and housekeeping, regular house repairs and wheelchairs/

walkers services are not covered under the Healthy Homes Renovation Tax Credit.  Navtaj Chandhoke, founder of Professional Real Estate Investors Group (PREIG) Canada says It can be claimed by Ontario senior homeowners, tenants and people who share a home with a relative who's a Ontario senior. Continue reading Ontario Seniors get 10K Tax Credit for Renovations

Mortgage Investment Corporation (MIC) – Part II

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.

Continue reading Mortgage Investment Corporation (MIC) – Part II

Meth Labs Busted

Meth Labs Busted in Canada

Goldmine or nightmare for Canadian Real Estate Investors

 

Meth Labs Busted, Methamphetamine is among the most increasingly common used drugs in current's society.  Meth is known to be a very powerful illegal drug. This sort of drug causes major health issues not only while using it, but also when producing it.

Continue reading Meth Labs Busted

Real Estate Investors Email Consent

Real Estate Investors Email Consent

Real Estate Investors Email Consent is requested

 

 

 

 

Real Estate Investors Email Consent is requested

At Canadian Wealth Builders, we believe in sharing our knowledge and connecting with our clients, friends and centers of influence on a regular basis. We want to make sure that you continue receiving information that is relevant to you. In accordance with Canada's Anti-Spam Legislation, effective July 1, 2014, we are seeking your consent to stay connected with you through electronic communications.

Continue reading Real Estate Investors Email Consent

Credit Repair Solutions

Credit Repair programs

Since almost every consumer have different circumstances and issues, most of these issues appear in the credit reports and effect the credit score, our Credit Repair program can be personal approach, customized for each individual.

 

You will be provided by our Credit Repair programs with in-depth credit analysis, a personalized credit repair plan and a credit building tips only for you.

   

Business Plan

Business Plan

 

No matter where your business is at, an all-inclusive plan is always a guider in your business journey, your progress measurement tool; operational guide, and also the center stone to evaluating the viability of your business proposal. We set up business plans which in order to make the financial decision, it needs to include all the requirements an investor, banker or the government may ask for.

Continue reading Business Plan

Canadian Foreclosure Process

Canadian Foreclosure Process

 

 

A professional Canadian Real Estate investor should understand thoroughly about Foreclosure process in Canada.

The word “foreclosure” is a nightmare for the property owner as well as for the Lender. Although the numbers usually increase during the real estate bust cycle; it happens all the time.

If the person who borrowed money using a mortgage fail to pay back that mortgage, money-lender can use foreclosure as a legal action. Foreclosure allows the lender to take or sell that person’s house by first getting a Court’s permission to do so.

The property owner will not lose their property right away when he misses a mortgage payment or makes a late payment. Lenders don’t want to foreclose if they don’t have to because it is expensive and is a lengthy process. Not until two or three months after the borrower has stopped paying, would the lender probably start to foreclose. Usually, a lender will send out letters requiring payment. Then, if they don’t receive a reply, the lender will usually start to foreclose and to sue at the same time. The foreclosure process differs from province to province in Canada.

Continue reading Canadian Foreclosure Process

Let the Canadian Taxman pay for your Moving Costs!

Let the Canadian Taxman pay for your Moving Costs!

How can you do that?

Let the Canadian Taxman pay for your Moving Costs! helping to save you time and money!

Generally, for these exemptions to be viable, your move must be from one place in Canada to another place within Canada.

You are able to deduct eligible moving expenses from employment or self-employment income that you earn at the new location, if you move and establish a new home to be employed or carry on a business.

Continue reading Let the Canadian Taxman pay for your Moving Costs!

Real Estate Investments REI Clubs in Canada

Real Estate Investments REI Clubs in Canada

Network,support,training and education for Canadian Real Estate Investments

Professional Real Estate Investors Group (PREIG) Canada

 

Joining Professional Real Estate Investors Group (PREIG) Canada  is a great strategy to get ahead in real estate investing in Canada.  By becoming a member of Professional Real Estate Investors Group (PREIG) Canada, REI club  in your area as a beginner investor, you are giving yourself a big advantage and securing a solid base to build your career on. The business of investing is constantly changing as it follows the market trends, and it is in the Canadian real  estate  investor’s best interest to stay on top of the game. Whether you are learning something for the first time or need a refreshment course on a certain topic, Professional Real Estate Investors Group (PREIG) Canada workshops and live  seminars are the most effective ways to get this information.

Continue reading Real Estate Investments REI Clubs in Canada

Canadian REI Club Membership

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Your success is our business!
Navtaj Chandhoke
Website: www.WorldWealthBuilders.com/live.html | www.preigCanada.com/membership
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