All posts by Navtaj Chandhoke

Your success is our business! Navtaj Chandhoke Website: | Newsletter: Subscribe  REI Club Membership | Apprenticeship | LIVE Training Blog | Facebook | LinkedIn | Google+ | Twitter   1-416-409-7300

Mortgage penalties by Canadian Banks

Mortgage penalties by Canadian Banks


Mortgage penalties by Canadian banks are day light robberies.

It’s easy to get caught in the posted mortgage rate trap at the big Canadian banks.

No, you won’t have to pay the posted rate on your next mortgage. Pretty much nobody does that any more. The real danger is that posted rates will be used to calculate the penalty if you ever have to break your mortgage, probably costing you thousands of extra dollars from all Canadian banks.

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Ontario Seniors get 10K Tax Credit for Renovations

Ontario Senior $1500 renovation tax incentive. Healthy Homes Renovation Tax Credit

Your success is our Passion!  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. Tax Credit for Renovations Continue reading Ontario Seniors get 10K Tax Credit for Renovations

Mortgage Investment Corporation (MIC) – Part II

 Mortgage Investment Corporation – Further to our previous article, we like to explain more details as follows:

Mortgage Investment Corporation

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

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.

Meth Labs Busted

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Canadian Advance Real Estate Investment Coaching / Mentoring

Canadian Advance Real Estate


Investment Coaching / Mentoring



Advance Real Estate Investment Coaching
Advance Real Estate Investment Coaching

Advance Real Estate Investment Coaching provided by can do so much more than just kickstart your Canadian real Estate Investments. They can also help you through every stage of your growth.’s Advance Real Estate Investment Coaching provides you with a dedicated success coach who works with you on a monthly basis to develop specific sales and marketing strategies for your growing business.

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Credit Repair Solutions

Credit Repair Solutions

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 Solutions can be personal approach, customized for each individual.

Credit Repair Solutions


Credit Report
A credit report is a detailed report of your credit
history and is kept by at least one of Canada’s
credit-reporting agencies.

Credit Score
Your credit score is an up-to-date rating of your
financial health. It shows lenders the level of
risk if they lend you money.

Credit Rating

A credit rating is a rating of each
of your credit history items on a scale of 1 to 9.
These ratings are made by credit-reporting agencies.

Request your credit report

You can get your credit report for free.
This allows you to see your credit rating and gives
you a chance to correct any mistakes on the report.
Correct a mistake on a credit report
Your credit information can be kept by more than
one credit reporting agency. Since these agencies
do not always share information, it’s important
for you to check all of your credit reports carefully.
If you find an error in your credit report, you can
take steps to have the error corrected.

Improve your credit score

If your credit score is not as high as you think it
should be, check the information in your credit report.
If the report is correct, read it carefully to find
out what might be bringing down your score.
You can then work to improve your credit score.

Credit Repair Solutions


Get Free Credit Repair Advice from Your Bank or Mortgage Broker

The lender at your bank is a good person to ask about
your credit rating. You might have applied for a loan
and been turned down. Don’t be embarrassed, but use
it as an opportunity to learn what you can do to get
your finances back on track. When a lender declines
you for a loan, line of credit, overdraft, or something
else you applied for, they can tell you why. Ask them to
explain anything you don’t understand. Then ask them what
you can do, very specifically, to improve your credit
score and credit rating. If you’ve applied for a mortgage,
ask your mortgage broker these same questions.

Credit Repair Solutions

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.

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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.

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Top 10 smart Canadian Real Estate Investors Strategies

Top 10  smart Canadian Real Estate Investors Strategies

Top 10 smart Canadian Real Estate Investors Strategies

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Majority of Canadian millionaires have made their wealth with real estate investments. Canadian Real Estate investors training, experience, education, field training and coaching is requires to become exceptionally successful in Canadian real estate.

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Improve your Credit Score

Strategic Credit Repair

Improve your Credit Score


Improve your Credit Score, Credit can always be repaired, no matter how bad your credit is, — and Strategic Credit Repair: Do It Youtrself Guide shows you how to do it today! Bad credit can damage your chances of qualifying for credit cards or a mortgage and it can even get in the way of renting a home. In this helpful, clear-cut ebook, personal finance and credit experts Robin Leonard and Deanne Loonin show you how to:

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