Canada - conventional funding - beyond income ratios

[Alim Manji]

Hey all, new member here.

Doing BRRRR in Ontario, have four small multi-family (2 duplex and 2 triplex) so far.

It looks like I'm going to run into an issue with getting bank mortgages soon. They are complaining that I don't have enough income. They are going off the tax forms (T1 and T776). The properties are cash flowing great! But of course I am structuring my T1 and T776 in such a way as to minimize taxes.

So how would I continue to grow, get good bank rates, and still have a tax return that shows lots of expenses, to keep from paying a lot of income tax? Are those two mutually exclusive, do I have to choose between good bank lending rates and low income taxes?

Thanks!

Alim.

[Kris Bucci]

Love this question as we are in the same boat out in Victoria.  Been looking at commercial, but the 20yr mortgage and 4+ interest rate eats away at the cash flow.