Across the country, ordinary Canadians are building personal wealth with investment property. An investment property is being increasingly viewed as a pension plan for the future, particularly since so many Canadians are not covered by workplace plans. Over the long term, an investment property can be a great source of retirement funds. Rental income typically […] read more »
Don’t leave money on the table if you bought your first home last year! You may be able to take advantage of the Home Buyers Tax Credit (HBTC) when you file your tax return. The $5,000 non-refundable HBTC provides up to $750 in federal tax relief. You qualify if neither you nor your spouse (or […] read more »
While freelancers, contractors, entrepreneurs and small business owners are considered an excellent and reliable customer group, it’s not always easy for someone who is self-employed to get mortgage financing. Salaried employees prove their income with their T4 slips. The self-employed on the other hand have a much harder time proving their earnings because they use […] read more »
it’s your passport to financial opportunities So maybe you let a few bills slide when things were tight. Or maybe you haven’t seen a zero balance on your credit card in longer than you can remember. Then there was that temporary line of credit… that somehow became permanent. It’s amazing how many things we do […] read more »
“Wow!” look at the mortgage rate those guys are advertising! Your worries are over, you’re thinking. Just lock in a rate like that for the next five years, and you’ve got it made. Not so fast. Right now, the lowest available rate – and the one that makes the rate sign look great from the […] read more »
Thinking about buying your first home? Wish you had saved up a good down payment? Maybe you have, but didn’t know it. Designed to help first-time buyers get into home ownership, the federal Home Buyers’ Program lets you access tax-free monies for use towards the purchase or even construction of your first home. Why tap […] read more »
I see what you see. New mortgage rules mean that Canadian homeowners can only refinance up to 80 per cent of the value of their home. And when it comes to renovations, it can be a real catch-22: you want to increase the value of your home with a great renovation … but you can […] read more »
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