Ontario Canada multi-unit in corporation or personal?

[Navroze Pirza]

Looking to get some feedback.

I own a few multi unit properties - all of which are under my personal name.

I’m wanting to make sure I’m insulated from any risk (tenants hurting themselves, personal liability etc) by moving the properties to a corporation.

I believe CIBC has a program in which a property can be moved to a corporation name while still getting a residential mortgage.

Does anyone have any experience using the CIBC change of ownership strategy? Are there any other ways to reduce the risk of keeping multi unit properties under my personal name?

Thank you,

[Warren Lee]

This is great, I'm in the same situation!