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Posted by: Kim Seifert
With the current interest rates and economic scenarios, many Canadians may be looking for ways to bring in some extra cash. One option for this is to put your home equity to work and consider renovating/ converting your basement into a legal income suite! You can do this by using a secured credit line (home […]
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How Personal Taxes Work in Canada — They contain 3 calculations. If you look at your actual personal tax return, you will see it essentially follows this format. Add: Income Minus: Deductions Equals: Taxable Income Add: Taxable Income Times: Tax Rates Equals: Tax Otherwise Payable Add: Tax otherwise Payable Minus: Tax Credits & Payments Equals: […]
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Can Investing In Real Estate Through a Corporation Reduce Your Tax Bill? Quick Answer “No”… Can Investing In Real Estate Through a Corporation Reduce Your Tax Bill? — Common Mistake, because people look at tax rates as active business income (for example: 12.2% on the first 500k and 26.5% thereafter in Ontario) and then compare […]
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How do I fill out a TD1 for my employer? You just got a new job! Congrats! But they tell you to fill out this form: TD1. You don’t know much about income tax and are confused about this form. Here is How do fill out a TD1 for my employer? What is a TD1 […]
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Tax-Free First Home Savings Account (FHSA) arrives on April 1st, 2023. What is the Tax-Free First Home Savings Account (FHSA)? How does it work? Benefits of the FHSA? What strategies can you use to make the most of it? What is the Tax-Free First Home Savings Account (FHSA)? A brand-new type of account called Tax-Free […]
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HSBC is now lending THROUGH THE BROKER CHANNEL in B.C., Alberta, Saskatchewan, Manitoba, and Ontario EXCLUSIVELY through Dominion Lending Centres. HSBC brings their industry leading mortgage rates directly to the Broker Channel. this is exciting news as adding lenders to the already strong stable of lenders helps bring more options directly to the mortgage consumer. […]
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KDK Financial can help with Finance Restructure of your Vehicle/Trailer/RV/Boat. They help you keep your assets and drop your payments, and remove co-signers. They can also help with Auto/Trailer/RV/Boat acquisitions. They can help with Credit Rebuild and also offer Cash-back options well consolidating debt. Finally they can also do lease buyouts. 1. They’ve helped clients […]
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PST REBATE FOR NEW HOME CONSTRUCTION: The PST Rebate for new home construction is for the use of new home purchasers that claim the Provincial Sales Tax (PST) rebate on a newly-constructed home that is owner-built. The PST Rebate provides a rebate of up to 42% of the PST paid on the purchase of a […]
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What is a power of sale? A power of sale essentially allows the lender – not a homeowner – to sell the home if the borrower defaults on the mortgage or the lender chooses not to renew at end of term. A power of sale is a clause that is written into a mortgage that […]
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Government Programs to help with Your Home Purchase The Government of Canada offers a number of homebuyer assistance programs that can make the financial pain of that big purchase a little easier to handle. Below are some of the Government Programs to help with Your Home Purchase. First-Time Home Buyer Incentive First-time homebuyer? There are […]
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