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.Scorned Wife Wins Over Girlfriend
Never under-estimate the blinding power of new love or the obligations to a scorned ex-wife. . .even after death.
Overpayment and recovering of EI premiums and CPP contributions
What does an employer do if over deductions are discovered?
Thanks to January DAW Vancouver and Toronto sponsor Farber
When working with your clients, remember that you are their trusted advisors and know more about their financial affairs than their family and friends.
Where Is My Refund and Who Does CRA Share it With?
Taxpayers and their advisors may consider this question more frequently as CRA pushes for more electronic communications, such as the provision of email addresses on this year’s tax return.
It’s the male seahorses that have the babies….
Find out about this and more at the 2015 Distinguished Advisor Conference (DAC).
June Distinguished Advisor Workshop - Transition Planning: Trusts and Estates
Substantial tax reform has recently changed the rules for post-death planning for high net worth families.
