New 30-Year Amortizations for Insured Mortgages
Effective August 1, 2024, the government will allow 30-year mortgage amortizations for first-time homeowners who purchase newly built homes. For existing mortgage holders who meet specific criteria, “permanent amortization relief” will be available to extend repayment periods for as long as they need to get to the number they can afford to pay monthly. It’s an extension from the 25-year mortgage amortizations previously allowed. However, this isn’t for everyone… there is a significant risk to lifetime wealth creation and must be managed with an eye to interest rates and payment terms to reduce the non-deductible interest costs.2016 Federal Budget Overview
Investors Breathe A Small Sigh Of Relief, but Losers Include Mutual Fund Holders, Small Businesses, Charities and Certain Families.
2016 Budget Overview: Personal Tax Measures
Tax provisions that affect personal taxation for 2016 and beyond.
2016 Budget Overview: Business Tax Measures
New 2016 federal budget includes business tax measures addressing tax changes for business income.
2016 Budget Overview: Additional Tax Measures
Review additional tax measures announced by the Government in the 2016 Federal Budget.
The Canada Child Benefit: Some Surprising Results
The changes the Liberal government has introduced for families has some surprising results, now that we’ve had some time to do some number crunching.
Seniors and Investors – Watch Clawback Zones Carefully
It’s reasonably common knowledge that higher wealth accumulators in Canada will want to do some extra planning to avoid the 33% high federal income tax rate applicable to the terminal return of the last surviving spouse.
