@Maclean Gordon, if you serve a tenant with an N12 form to move into a unit for your own use, the next laws require you to sign a statutory declaration that you will live there for at least one year.

I have a tenant that just declared chapter 7 bankruptcy in the Northern District of Ohio, Toledo Bankruptcy Court and quit paying rent. 

We ended up settling on a HUD foreclosure that needed major work despite my pregnant wife declaring that she didn’t want a rehab and I didn’t want another HUD house but she loved it and it was the only house we could find that met our must haves so we went for it.

either way, deducting with the old tables, declaring the income with the new. 

What are some of the long lasting financial side effects of declaring bankruptcy after a bad investment?

I asked our accountant about paying kids legally and he discouraged the idea, saying we would need to declare compensation and sign up for payroll.

Canada will charge me flat 30% (as i see one of the tax options) if I declare these are foreign investments. 

To be used for investment use I would think things like declaring the residence as officers comp or documenting it's use for corporate business use (retreats, parties, meetings, part of your compensation package etc).You need to ask your acct. 

All contracts, options, or other devices not based upon a substantial consideration, or that are otherwise employed to permit an unlicensed person to sell, lease, or let real estate, the beneficial title to which has not, in good faith, passed to such party for a substantial consideration, are hereby declared void and ineffective in all cases, suits, or proceedings had or taken under this chapter; however, this section shall not apply to irrevocable gifts, to unconditional contracts to purchase, or to options based upon a substantial consideration actually paid and not subject to any agreements to return or right of return reserved."

I will have to declare a major sooner or later I am kind of resting on my laurels right now just doing the Gen Eds.