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/
Profiting From Foreclosures in Canada Part 2
If you missed the previous article – Profiting from Foreclosures in Canada Part 1
As a full time Canadian real estate investor, we will be able to create a lot of business by helping people that have got into financial difficulty and are in the midst of the foreclosure process. Real estate investors need to understand what the process is and the options for the person in foreclosure before being able to advise or help them. We are continuing in our "Profiting from Foreclosures in Canada" series.
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World Wealth Builders visit British Columbia Supreme Court in Vancouver
Vancouver September 21st, 2009 Arwen Brooks
World Wealth Builders (WWB) recently completed a very special 3-day Foreclosure Apprenticeship in Vancouver. Part of this unique Apprenticeship was visiting the B.C. Supreme Court, where all Apprentices received first-hand experience on how the B.C. foreclosure system works. Each Apprentice took part in 2 days of in-class intensive education. This includes becoming familiar with the Mortgage Act, the Foreclosure Act, and property law, as well as many practical rescue remedies that enable each Apprentice to help people and make money.
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The Power of Sale Process in Ontario
As a full-time Canadian real estate investor, we need to create many opportunities for ourselves on a regular basis. We need to attract sellers that are in particular situations whereby we can help these sellers and to be able to create massive and passive income for ourselves.
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Foreclosures Foreclosures in Canada and Power of Sales
Most Canadians think foreclosures have not happened that much in Canada. In fact, most think that the sub-prime fiasco that the United States has and is experiencing has not affected Canada. Let me tell you that that is not true.
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What To Know Before You Flip a Property
As a full time Canadian real estate investor, we must be doing deals on a regular basis that continue to create massive and passive income for ourselves. The deals we want to spend our time on do not require our own money to facilitate the acquisition or profit.
In a previous article, we talked about flipping a contract or assigning a contract. What we want to discuss in this article is what we need to know before notifying our investor or end buyer.
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Flipping a Property You Don’t Own
As a full time real estate investment professional, you need to create business for yourself that is not solely hinged on you coming up with money to put into every property acquisition. That is not really a business… that is only an investment.
That process can also be buying yourself a job …as a renovator, or buying yourself a job as a landlord. Both of these are far too dependent on using your time to make your profit happen. As a professional real estate investor, we have to make the best use of our time, which is our most precious commodity.
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