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Is My MLA a Landlord?

Paul Choi

BC NDP

Burnaby South-Metrotown

  • Paul Choi is a Landlord.
  • Paul Choi holds significant investments.

Assets

Residential Property (Member & Spouse) - Coquitlam, BC

Bank and Other Deposits (Member & Spouse)

Other Investments held Inside a Registered Plan

(Member) Sharons Credit Union - RRSP - GICs

(Member) Sharons Credit Union - TFSA - GICs

(Spouse) Sharons Credit Union - RRSP - GICs

(Spouse) Sharons Credit Union - TFSA - GICs

Controlled Private Corporations

Paul Choi Notary Corp - Notary Service

Ownership - Member owns 100% and is Director

Juris Group Investments Corp - Holding company for rental properties

Ownership - Member owns 100% and is Director

Liabilities

Mortgages (Member & Spouse)

1. On residential property in Coquitlam, BC - Sharons Credit Union

2. On residential property in Coquitlam, BC - TD Canda Trust

CONTROLLED PRIVATE CORPORATIONS

Paul Choi Notary Corp

Affiliated Corporations - Juris Group Investments Corp

Sources of Income

From the Province of British Columbia - Nil

From All Other Sources - various clients - fees for service

Assets - Bank and Other Deposits, Office Furniture

Real Property Interests

1. Owner - property in Abbotsford, BC

2. Owner - property in Burnaby, BC

Liabilities

Mortgages

1. Property in Abbotsford, BC - Prospera Credit Union

2. Property in Burnaby, BC - Prospera Credit Union

Loans

1. Shareholder loan

2. Loan from family member

Juris Group Investments Corp

Affiliated Corporations - Paul Choi Notary Corp

Sources of Income

From the Province of British Columbia - Nil

From All Other Sources - various tenants - rental income

Assets - Bank and Other Deposits

Real Property Interests - Owner - property in Burnaby, BC

Liabilities

Mortgages - Property in Burnaby, BC - Prospera Credit Union

Loans

3. Shareholder loan

4. Loan from family member

Source(s) of Income

From the Province of British Columbia

(Member) MLA salary and allowances

(Spouse) Nil

From all Other Sources

(Member) Paul Choi Notary Corp - share dividend

(Member & Spouse) Residential property in Coquitlam, BC - rental income

(Spouse) Paul Choi Notary Corp - salary