Is My MP a Landlord?
Randeep Sarai
Liberal
Surrey Centre
British Columbia
- Randeep Sarai is a landlord
- ✅ Randeep Sarai has multiple properties.
- ✅ Randeep Sarai collects rental income.
- Randeep Sarai holds significant investments
Activities
Member of the Board of Directors of 3H0 Foundation Society, a non-profit organization located in Vancouver, British Columbia
Assets
Sole ownership of duplex rental property located in Burnaby, British Columbia
Sole ownership of four rental units located in Burnaby, British Columbia
Sole ownership of a rental property located in Surrey, British Columbia
Gifts
Gift (Code) Received 2022/03/21
Nature
One non-partisan paid intern from the Canadian Political Science Association began working in the office March 21, 2022 and will conclude on June 16, 2022. The interns also have numerous other obligations outside of their work-study placement in MP offices, including their research and seminars.
Source
Canadian Political Science Association
Circumstances
The ten interns interviewed and chose the MPs they will work with. The interns are university graduates and have received training from the House of Commons prior to starting work in the offices.
Gift (Code) Received 2020/03/23
Nature
One non-partisan paid intern from the Canadian Political Science Association began in the office March 23; she will conclude her work on June 30, 2020. The interns also have numerous other obligations outside of their work-study placement in MP offices, including their research papers and seminars.
Source
Canadian Political Science Association
Circumstances
The ten interns interviewed and chose the MPs they will work with. The interns are university graduates and have received training from the House of Commons prior to starting in the offices.
Investment in Private Corporations
Controlling interest in Grand Fairway Development Inc., a real estate holding company located in Surrey, British Columbia
Controlling interest in 687495 B.C. Ltd., a real estate holding and rental company located in Surrey, British Columbia
Liabilities
Two mortgages with Vancity
Co-guarantor for a mortgage with three individuals with National Bank
Co-guarantor for a mortgage with three individuals with Envision Credit Union
Vehicle loan with the Royal Bank of Canada
Line of credit with Vancity
Home Equity Line of Credit with National Bank
Credit card, joint with spouse, with the Royal Bank of Canada
Other Sources of Income
Last and next 12 months:
Rental income from properties
Sponsored Travel
Name of Member
Randeep Sarai
Name of any person accompanying the Member (if any)
_
Destination(s)
Taipei, Taiwan
Purpose of the trip
To promote bilateral parliamentary exchanges and collaboration.
Sponsor of trip (official name)
Taipei Economic and Cultural Office in Canada
Travel dates
2023/04/09 to 2023/04/15 (7 days)
Spouse's/Common-Law Partner's activities
Member of the Board of Directors of the Central Organizing Resource for South Asians Foundation
Member of the Board of Directors of 1384424 B.C. Ltd
Member of the Board of Directors of the Grand Fairway Developments Inc.
Spouse's/Common-Law Partner's investment in private corporations
Significant interest in 1384424 B.C. Ltd. located in Abbotsford, British Columbia that owns a franchise, Chaiiwala of London
Spouse's/Common-Law Partner's liabilities
Co-signer of a loan for an individual with Vancity
Co-guarantor of a corporate loan for 1384424 B.C. Ltd. with the Bank of Montreal
Spouse's/Common-Law Partner's source(s) of income
Last and next 12 months:
Employment income from Sarai Communications, a sole proprietorship that offers business writing consulting
Summary Statement
Obligation to provide a confidential report has been met and all initial reporting and compliance measures have been taken to comply with the Conflict of Interest Act.