Frequently Asked Questions

We offer angel investor connections, personal and business lines of credit, corporate tax strategies, collection services, first & second mortgages, business consultation, and branding & marketing solutions.

Yes — our first consultation is complimentary with zero obligation. We assess your needs and recommend the best path forward at no cost.

A minimum score of 700 is required for personal credit, business lines of credit, and mortgages. Tax strategies, collection services, consultation, and other services have no credit score requirement.

We serve clients across Ontario, Canada. Our office is in Etobicoke (Toronto area), and we offer both in-person and virtual consultations province-wide.

We are licensed independent advisors. We work with 50+ lenders and multiple insurance carriers to find the best products for your specific situation — we are not tied to any single institution.

If the service engagement is unsuccessful, we offer a full refund. Your success is our commitment.

Use our online booking form at empirewealthmanagementgroup.com/booking, call +1 647 637 2912, or email paras@empirewealthmanagementgroup.com. Appointments are available Monday–Friday, 10 AM – 5 PM EST.

For lending and mortgage services: government-issued ID, proof of income, most recent tax returns, and your credit score. For business consultation or tax strategies: existing business documents and a clear picture of your goals.

Business lines of credit typically take 2–6 weeks. Personal credit lines may be faster depending on the lender. We expedite every application and keep you informed throughout the process.

We welcome visitors during business hours (Mon–Fri, 10 AM – 5 PM) at Unit 303, 75 International Blvd, Etobicoke, but recommend booking ahead to ensure dedicated time with our advisors.

We work with lenders offering business lines of credit and loans up to $5,000,000 CAD. The exact amount depends on your revenue, credit score, time in business, and lender criteria. We compare across 50+ lending partners to find the best fit.

Yes. While traditional lenders often require 2+ years in business, we have access to alternative lenders and angel investor connections that work with startups. We assess your specific profile and recommend the most viable funding path.

A business line of credit is revolving — you draw funds as needed and only pay interest on what you use. A term loan provides a lump sum repaid over a fixed period. Lines of credit offer flexibility for ongoing cash flow; term loans suit specific large purchases.

Rates vary by lender, credit profile, and business financials. As independent advisors, we shop across 50+ lenders to secure the most competitive rates available and provide full transparency on all costs before you commit.

Bring 2 years of business financial statements, 6 months of business bank statements, most recent personal tax returns, government-issued ID, and a brief description of how you plan to use the funds.

A first mortgage is the primary loan used to purchase a property. A second mortgage is an additional loan secured against the same property, subordinate to the first. Second mortgages let homeowners access built-up equity without refinancing their first mortgage.

Absolutely. Bank declines are common due to rigid qualifying criteria. We have access to B-lenders, private lenders, and alternative mortgage products that banks do not offer. Many clients declined by their bank have been successfully funded through our network.

The minimum is 5% for homes under $500,000, 10% for the portion between $500,000–$999,999, and 20% for homes $1 million+. Homes with less than 20% down require CMHC mortgage insurance. We walk you through every option to minimize your upfront cost.

Yes. We help homeowners refinance to access better rates, consolidate debt, release equity, or adjust their amortization period — comparing options across 50+ lenders for the most cost-effective solution.

Savings vary by business type and structure. Common outcomes include reducing effective tax rates by 5–20%, recovering missed deductions, optimizing salary-vs-dividend splits, and structuring holding companies for long-term wealth preservation. We provide a free tax position assessment.

Yes, 100%. Every strategy we recommend is fully CRA-compliant and properly documented. We focus on legitimate planning — ensuring you claim every deduction you are legally entitled to while maintaining audit-ready records.

Yes, significantly. Corporations benefit from the small business deduction rate (as low as 12.2% in Ontario on the first $500K of active income), income splitting, and more sophisticated structures. Incorporating can save substantial amounts once net business income exceeds approximately $50,000/year.

We advise on life insurance, critical illness insurance, disability insurance, group benefits for businesses, key-person insurance, and estate insurance strategies. We compare products across multiple carriers to find the best coverage and rates for your needs.

Independent advisors like Empire Wealth compare products from multiple carriers. Direct insurer agents can only offer their own products. Our independence means our recommendations are based entirely on what is best for you — not on commission targets from a single company.

We work with entrepreneurs and growth-stage companies across industries — technology, real estate, retail, healthcare, professional services, and more. Ideal candidates have a clear value proposition, defined market opportunity, and a plan for how capital will drive growth.

We consult to understand your business and funding needs, refine your pitch materials and financial projections, identify suitable investors from our network, facilitate introductions, and guide you through negotiation and deal structuring to protect your interests.

Banks offer their own products within rigid qualifying criteria. Empire Wealth is an independent advisory firm — we represent YOU. We access 50+ lenders and multiple insurance carriers, negotiate on your behalf, and advise on your full financial picture rather than selling a single product.

Our primary service area is Ontario, Canada. We offer virtual consultations for clients across Ontario and can assist clients in other provinces on a case-by-case basis. Call +1 647 637 2912 to discuss your needs.

Yes. Empire Wealth Management Group operates under applicable Ontario financial services licensing requirements. Our advisors hold relevant industry licences for all services provided, in full compliance with Ontario regulatory requirements.

Yes. We offer full virtual consultations via video call or phone for clients who prefer remote meetings or are outside Etobicoke. The quality of advice is identical to an in-person meeting. Many ongoing client relationships are managed entirely virtually.

Paras Malhotra, Director of Empire Wealth Management Group, has over 15 years of experience in financial services, spanning business lending, insurance advisory, investment strategy, and estate planning. He founded Empire Wealth to provide unbiased, expert guidance truly in each client best interest.

Our estate planning advisory covers wills and testament guidance, trust structures, beneficiary designations, life insurance for estate equalization, power of attorney, and strategies to minimize estate taxes and probate costs — ensuring your assets are protected and distributed according to your wishes.

Yes. A will governs assets that do not pass directly to beneficiaries — real estate, bank accounts without joint ownership, personal property, and business interests. Without a will, these assets are distributed under Ontario intestacy rules, which may not reflect your wishes.

The best time is now, regardless of age or net worth. Key trigger events include: getting married or divorced, having children, starting or selling a business, receiving an inheritance, purchasing real estate, or any significant change in assets. We provide a free initial estate planning assessment.

A personal line of credit up to $500,000 can be used for any purpose — home renovations, debt consolidation, investment opportunities, emergency funds, education, or major purchases. You only pay interest on what you draw, offering flexibility that a traditional loan does not.