Canada Need to buy investment property via my company


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Hi guys
I have a company and want to buy my investment property through that company , is this possible or not?. if yes what should be the tax effect and is that easy to get mortgage?
 

bklynboy

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Can be done - no taxes for purchasing and go to bank to see about mortgage
 
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Hi Selsa,

Lenders will demand a higher interest rate for nonrecourse debt; the maximum loan to value ratio is also usually lower than for mortgage debt on owner occupied property. But, like bklynboy said, can be done.

From a tax perspective, I would have a few follow on questions. What's the value of the property? What is your goal in effecting the purchase through a company? Is this a cross-border investment (Canada to US)? Is the company U.S.? Canadian? Is it classified as a corporation for U.S. federal income tax purposes?

Best,
Andrew
 

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