BC training and education savings grant

BC Training and Education Savings Grant

The Province of British Columbia announced as a part of the 2013 budget, a new $1,200 BC Training and Education Savings Grant to help families start planning and saving early for their children’s post secondary education. Effective immediately, all B.C. children born on or after January 1, 2007 will

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Hidden mutual fund mer fees

Gold, Frankincense, and MER(fees)

Companies that sell mutual funds and segregated funds both charge fees to cover the cost of managing your money. That`s just the way it is. The purpose of this article is not to vilify those fees but more so to draw your attention to them. After being in the financial industry for nearly 14 years it s

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Using credit to build credit

Utilizing Credit to Build a Credit History

If it is your philosophy to never borrow and to only to pay cash for the things you need, and you can manage to get by like that, then you deserve big round of applause. Unfortunately modern society makes it very difficult for most people to live that way. Just see what happens the next time you t

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BC property tax deferment program

Legally Stop Paying Your Property Taxes

If you are a Canadian Citizen or permanent resident and you have your principal residence in British Columbia, then you may be eligible for the British Columbia Tax Deferment Program. This is a low interest loan program offered by the BC Government which allows you to defer all, or a portion of, your

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juvenile life insurance

Insuring an Infant, is it Worth the Expense?

The thought of placing life insurance on a young child can be a touchy subject for some families. Most parents want to be planning ahead for their children's future not for their potential death. Traditionally speaking the main purpose of life insurance was and still is, to provide financial security

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100% deductible mortgage interest payments

Mortgage Interest: 100% Tax Write-off!

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 Concepts offers a unique tax strategy called th

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