The car / house your using in your country (assuming here in Canada) still requires you to have insurance plus titles even though someone from another country purchase the items. Further, if something happens (accident) you both are liable assuming you're talking about Canada and either a legal resident or Citizen. The part where you keep saying "you're not owning anything" is incorrect in Canadian law if you're the sole user of the items. Thus, I highly recommend you go see a lawyer about such for a better explanation than a trader discussion forum. In contrast, if they too are either Canadian legal residents or citizens that's living abroad while you're the designated (there's a legal word for it) guardian of their properties and they're allowing you to use such while they are abroad (e.g. vacationing, home in another country)...different story. Also, the laws involving home ownership has changed in the recent years involving non-residents / non citizens purchasing property here in Canada. Once again, go see a lawyer. This really are questions you need to talk to a lawyer about...it will only cost you a few hundred dollars but will save you a ton of problems down the road mainly because I suspect you're not telling the whole story. wrbtrader
I can't add to the topic since I am not versed with Canadian laws and regulations. But it did get me thinking...
Boys from South France with street smarts (not) Passports from Europe are like a gold mine...big underground business. I lost mine once and the entire neighbourhood was out looking around for it. wrbtrader
Thanks a lot for your response. I want to manage money for family members, and I will take a cut from the profits and declare income on it but at the same time since I would be self employed, I won't be able to get a mortgage until I have proof of income for 2-3 years and so I was thinking just putting the mortgage in their name(to get approved) and maybe add my name as secondary owner as well if allowed. Yes I can rent but we know its much wiser to purchase a house as they increase in value for the long term But as you said, better to talk to an expert in that field
How is going bagging groceries in Belgium? https://www.wikihow.com/Bag-Groceries Madoff trader welcome back ),aka schweiz,Mtrader ,etc.