This is the scenario. My father stands to inherit a large annuity. He lives in the US, the annuity will be set up in Canada. I live in Canada, and we want to keep the $$ here. Can I set up a company in Canada if he signs his annuity over to the company as a capital base? How do I go about it? Would a holding company or a corporation be better? We want to use the capital base annuity to borrow and buy residential homes, to rent. Any advice would be appreciated.
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you should open a holding company as for every real estate project you should have separate LLC to ring fence each asset. You can have a look at www.biz2credit.com/casestudies
