Make Your Mortgage Interest 100% Tax Deductible. Most business owners have non-deductible mortgages owing on their primary residences. Meanwhile, they own their businesses outright. This means that they are throwing away after-tax dollars paying their non-deductible mortgage interest. Savii Financial Conc
Read Full Story......When taking on a mortgage to purchase a home, the amount of interest paid on that loan can be as much or more than the actual cost of the house itself. But it doesn’t have to be that way. An all-in-one account is a revolutionary new concept to financial management that could save significant time and money ove
Read Full Story......The Purpose of Life Insurance Not everyone needs life insurance. If you are a single person and have no dependents, it may not be worth the expense. If, however, you have anyone who financially depends on you (even partially), life insurance may be appropriate for you. Ask yourself this one question: " Would
Read Full Story......What Are Segregated Funds? Segregated funds or seg funds are essentially mutual funds that have been wrapped in a blanket of guarantees, benefits, and features. Investors are not issued units or shares as in a mutual fund but rather become holders of a segregated fund contract. Contracts can be regist
Read Full Story......
Make Your Mortgage Interest 100% Tax Deductible. Most business owners have non-deductible mortgages owing on their primary residences. Meanwhile, they own their businesses outright. This means that they are throwing away after-tax dollars paying their non-deductible mo
What is the RRSP Meltdown Strategy? This strategy will enable you to withdraw income from your RRSP's tax free. Typically, when you withdraw from your RRSP you are required to pay tax on the withdrawal at your marginal tax rate. With the RRSP meltdown strategy however, there
When taking on a mortgage to purchase a home, the amount of interest paid on that loan can be as much or more than the actual cost of the house itself. But it doesn’t have to be that way. An all-in-one account is a revolutionary new concept to financial management that c
06.28.2010 | featured | admin
The Purpose of Life Insurance Not everyone needs life insurance. If you are a single person and have no dependents, it may not be worth the expense. If, however, you have anyone who financially depends on you (even partially), life insurance may be appropriate for you.
06.20.2010 | featured | admin
Add Value to an Existing RESP This article is going to teach you how to increase the potential value of your existing group RESP without having to invest any additional funds. The technique is called a "Plan Conversion" and for it to be effective you would need to have mad
Other People's Money Most people will have heard of the expression OPM. It's a commonly used abbreviation for the phrase, ”Other People's Money.“ If you have ever had occasion to take out a loan from the bank then you have already had some experience and benefite
What Are Segregated Funds? Segregated funds or seg funds are essentially mutual funds that have been wrapped in a blanket of guarantees, benefits, and features. Investors are not issued units or shares as in a mutual fund but rather become holders of a segregated f
11.25.2009 | featured | admin
What is Mortgage Insurance If you are an existing homeowner paying down a mortgage you probably already have some type of mortgage insurance coverage. If you are just starting out and are in the process of purchasing your first home, then you will likely be requiring mortga
Tuition Fees Steadily Increasing Across Canada During the 1990s, undergraduate tuition fees in Canada increased at an annual average rate of more than 9.6%. In the 1990/1991 and 1991/1992 academic years alone, they went up 15.2% and 16.5%, respectively. Since the year 20
11.12.2009 | RESP | admin
Benefits of Using RESP Accounts Because of the escalating cost of tuition fees every year, the government of Canada has provided a means for parents to maximize the growth on their savings and investments through an RESP, or Registered Education Savings Plan. Money investe
10.26.2009 | RESP | admin
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