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.Just How Long Do You Have To Keep Those Tax Receipts?
Glad to have another tax season behind you? Don’t be so quick to throw out your tax files!
Odds Are Good For Starting Your Own Business
Thinking of making a big change in your career path? Maybe it’s time to take control and be your own boss?
Self-Employment: The New Retirement Trend?
Does anyone really need to retire anymore?
Manitoba Tables Deficit Budget
The 2015 Manitoba provincial budget was delivered on April 30, 2015.
Newfoundland Joins the “Tax the Rich” Movement
The 2015 Newfoundland and Labrador provincial budget was presented on April 30, 2015.
Readiness Planning for Physician Assisted Suicide
Since the last time the Supreme Court of Canada (SCC) visited the issue in Rodriguez (1993), doctor-assisted suicide has been legalized in eight other countries around the world.
