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.Tax Tip For 2015
File an audit-proof return on time
DAC 2015 is Heading to Puerto Vallarta, Mexico
The Westin Resort and Spa has been announced as the venue for Distinguished Advisors Conference (DAC) 2015!
Getting Tax Season Right: Plan to Start Early
Tax preparation season is about to begin and getting it right means a lot more than filing an accurate tax return.
Knowledge Bureau Publications Recommended
David Russell, MBA,CFP, CIM, FCSI posted the following to the LinkedIn page of Evelyn Jacks, founder and president of Knowledge Bureau.
Improve your Preservation Practices
Barb Reimer from Calgary, Alberta recently completed Elements of Real Wealth Management and she believes the course will improve her preservation practices.
The Power of the TFSA
As the calendar year changed on January 1, so did the Tax Free Savings Account (TFSA) contribution room available to all adult residents of Canada.
