Private Lending & Conventional Mortgage Advice
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Unable to refinance because of CRA Audit
I am wanting to do a cash-out/refi on a property
CRA is auditing my 2022 taxes, bank won't initiate an application if taxes show owing. I have sent everything back to CRA and expect full amount owing to be reversed. But this will likely take months.
Anyone have experience with a situation like this or any workarounds?
P.S. if this was only a couple thousand dollar audit I would just pay CRA and then they'd refund me once they've finished re-assessment.