Rental Property Investor · Port Coquitlam, BC · Member since 2017 · 520 posts · 527 votes
5y
@Abhishek Arora Welcome to Canada, and to BP! Here is an article to get you started on how to build credit in Canada: https://www.greedyrates.ca/blo... You are likely looking at an 18-month process to build a credit history, which will give you lots of time to learn about your chosen markets, build connections, and form your business. Alternatively, you can invest in the USA and leverage your existing credit history.
As far as corporations go, there is only one corporation structure in Canada, but you can incorporate provincially (preferred, ideally in the province you plan on investing in) or federally. Here is a short primer to get you started: https://www.ownr.co/blog/guide... This is the official incorporation info for Alberta: https://www.alberta.ca/incorpo...
Rental Property Investor · Edmonton, Alberta · Member since 2015 · 307 posts · 200 votes
5y
Welcome @Abhishek Arora I would add that you don't need to incorporate to start investing in real estate in Canada. Sometimes it makes sense, and sometimes it doesn't. It depends on your situation and goals. I would talk to an investor-focused accountant to help you make a plan and get set up correctly from the beginning.