Are you a working Canadian who is planning to buy a home? This video will discuss the do’s and don’ts of buying your home with a corporation and how you can purchase it with your company’s money, tax-free.
1:20 – 1. Get a Loan from Your Corporation
1:42 – 2. Pay a Reasonable Amount of Interest
2:08 – 3. Determine the Repayment Terms
2:26 – 4. Verify Your Employment
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(Including Tax Tips for Canadians, Personal Tax Planning Guide for Canadians: 2014 Edition and 20 Tax Secrets for Canadians)
The information provided in this video is intended to provide general information. The information does not take into account your personal situation and is not intended to be used without consultation from accounting and financial professionals. All figures and dollar amounts are used for example purposes only. Allan Madan and Madan Chartered Accountant will not be held liable for any problems that arise from the usage of the information provided in this video.
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