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.Andy Fisher, Partner At Farber Financial Group, On The Need For Professional Networks
FOR IMMEDIATE RELEASE – Andy Fisher is a Partner in the Insolvency & Restructuring practice at Farber Financial Group and leads the firm’s Small Business Restructuring practice.
Cyber Crime Is Increasing: IIAC President Ian Russell Speaks at DAC
FOR IMMEDIATE RELEASE – Cyber threats know no boundaries. Cybercrime risks are increasing; however, risk awareness differs greatly. Cybercrime is not just for monetary gain but also for valuable information about individuals.
Tune in to KBR next week for our Academic Excellence Issue…
On August 12, make sure you check out our Academic Excellence Issue of Knowledge Bureau Report.
From Proprietorship to Corporation - When is the Best Time to Incorporate?
The dog days of summer are a great time for the Tax Specialist to review 2014 returns for Proprietors and Partnerships to determine whether it is time for some of these taxpayers to consider incorporating their business and removing their business from their personal tax return. But when is the best time to incorporate?
The Mentorship Series: Stories About Distinguished Advisors’ Unique Value Proposition
FOR IMMEDIATE RELEASE – Tax and financial advisors are under the microscope for their performance, competency and high value. Hear the stories of distinguished professionals who are unafraid to embrace the new challenges of regulation and change.
Spotlight Series: Yasemin Aygun , DFA-Tax Services Specialist, is part of a network of change agents
Yasemin Aygun, owner of Bookkeeping Bizz in North York, Ontario, offers bookkeeping, payroll, and tax and advisory services through her firm. A recent graduate of the Knowledge Bureau’s DFA-Tax Services Specialist designation, she knows how valuable professional development is in helping her differentiate her firm from other financial advisors.
