Any issues With using personal savings to buy real estate under Company name?

Question

1650 viewsJanuary 18, 2021Accounting

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Matt (anonymous) Posted January 12, 2021

Any Issues with CRA or otherwise With Using Personal Savings To Buy Real Estate Under Company Name?

1 Answer

score 0 · Answer 1 · 2021-01-18T15:26:19+00:00

You can use your personal savings to purchase US real estate under the name of the company, assuming that the company will be on title to the property. The CRA doesn’t have an issue with this arrangement.

Any issues With using personal savings to buy real estate under Company name?

1 Answer

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