Investing
When it comes to investing, real estate tends to be one of the most lucrative options. But, let’s be honest. Real estate is expensive and property prices just keep getting higher and higher during the pandemic. Many people now assume that investing in real estate is out of reach but that may no longer be…
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Are you looking to buy a home in Canada but have no idea what is the mortgage stress test? Even though the Canadian government announced the mortgage stress test back in 2017, it still causes a lot of confusion among potential buyers. It doesn’t help that the rules have changed a few times, so knowing…
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Whether it be a new home purchase or you’re looking to refinance your home, getting a new mortgage requires is usually a simple process. That said, with so many mortgage products and different rates available, many people use a mortgage broker to help them with their needs. Many people don’t realize that bank mortgage brokers…
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Are you looking to buy a home and want to take advantage of the First-Time Home Buyer Incentive? This new government program is meant to help you become a homeowner, but admittedly, it’s quite confusing. Essentially, it’ll help you reduce your monthly mortgage payments, but the government takes a share of your equity. While there’s…
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EQ Bank has been around for quite a few years now, and clients love how they’ve simplified banking. You get a high interest rate with no everyday banking fees. What’s not to like right? Well, there was one complaint. EQ Bank didn’t offer a Tax Free Savings Account. Saving is great, but it would be…
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I’ve been a massive fan of EQ Bank ever since they came to the market with great interest rates, but admittedly, it was a bit disappointing that they didn’t have a Retirement Savings Plan (RSP) available. Well, that’s no longer an issue as the EQ Bank Retirement Savings Plan has just been introduced. As you…
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Are you looking for the best place to save money and earn interest? There are many places where you can put your hard earned cash, but not all of them will make you any interest. Even the ones that do may not have a high interest rate, so many people look for the best place…
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In recent years, I’ve been getting a lot of questions about the Registered Education Savings Plan which is more commonly known as RESP. I suppose I shouldn’t be that surprised that many of my peers are interested in the RESP rules since they’ve just had children. Heck, one of the first things I did when…
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**Note, I am not an accountant, nor am I an expert on cryptocurrencies. You should seek the advice of an accountant with experience in cryptocurrencies if you have any serious questions or concerns. Are you wondering how is cryptocurrency taxed in Canada? With the explosion of Bitcoin, Ethereum, and whatever other cryptocurrencies that currently exist…
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Have you heard of Martin’s Mortgage Maneuver? It’s sometimes referred to as Martin’s Money Mortgage. Essentially, it’s a loophole that allows you to avoid the insane fees that banks charge when you break your mortgage. Funny enough, the calculation used by banks to come up with your penalty is a loophole itself since it uses…
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