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Hello Shawn
Are you self employed and are planning to
purchase or refinance a house this year? If you are, then
you should get in touch with me prior to filing your taxes. I
can help you figure out the amount of income you will
need for either refinancing or purchasing a house so you
will be in the best possible situation. Failing to do so
could cause you not to qualify.
Tax season is upon us. Do you owe revenue
Canada money? Did you know that if you do it is income
tax arrears so there fore penalized? Revenue Canada
expects you to have your taxes paid in full prior to the
tax deadline by paying installments on you own if you are
self employed or having it deducted from your income if
employed by an employer.
As such if you are refinancing your house,
you are not allowed to pay revenue Canada from the
proceeds. Also, if you are buying a house these will be
required to be paid off in full prior to closing on a new
house purchase. Even if you are on a payment plan with
revenue Canada it won’t matter to the lender. If you have
an upcoming mortgage renewal, even if a few years away
you should start considering dealing with this sooner
than later. If you don’t when your mortgage comes up for
renewal you won’t have the ability to shop around or
negotiate.
That said, I do have lenders that
understand and are willing to help. Both my alternative
lenders and my private lenders are willing to help pay
off this debt if you have sufficient equity in your
house. I have several strategies I implement depending on
your specific situation to help.
So, if you have revenue Canada debt and
you are unsure as to what to do contact me. I would be happy
to help you find a solution if I can.
If you
think this information could help out a friend or a
family member, I would really appreciate it if you would
forward this email or provide them with my contact
information. I will look after them as if they were a
friend or family member to myself.
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