New mortgage rules In Canada
So many of you may have heard that the government has yet again crunched down on mortgage rules. On June 21, in response to increasing household debt, Finance Minister Jim Flaherty announced new rules that he says could save Canadians thousands…
First time homebuyers: Use your tax benefits & RRSP funds
There are all sorts of benefits to being a first time homebuyer in Canada. Two you may be entitled to are the RRSP Home Buyers' Plan and the First-time Homebuyers' Tax Credit Program. Let's see how each works and whether or not they apply to…
Land Transfer Tax REFUND
The general consensus about the Land Transfer Tax is that it is pesky, expensive, and an unwelcome addition to the sale and purchase of every home. There are some intricate details to this tax that - if you purchase unadvised by a realtor…
Should Young Home Buyers Use RRSP?
You know the old saying, "every little bit counts"? When investing in real estate, this old saying certainly applies. With a competitive marketplace, the pricey cost of living in our society, and the endless advice on spending vs. saving, deciding…
