Tag Archives: Ontario

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

What to do in Foreclosure or power of sale in Canada?

What to do in Foreclosure or power of sale In Canada?

As full-time Canadian real estate investors, we are always on the lookout for good deals, while helping those in need.  With the recent economic downturn, a large market in foreclosures and power-of-sale properties have become  available  from those who have suffered the results of being unable to pay their mortgages.

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The Power of Sale Process in Ontario

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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