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Posted by: Kim Seifert
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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Canada Greener Homes Loan What is the Canada Greener Homes Loan? It is a Major home retrofit program through grants and interest-free loans that make your home more energy-efficient. The Canada Greener Homes Loan helps Canadians make their homes more energy efficient and comfortable. The loan is offered in conjunction with the Greener Home Grant […]
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Is It a Good Idea to Consolidate Debt Into a Mortgage? With Blue Monday (January 16, 2023) tomorrow we need to address if it is a Good Idea to Consolidate Debt Into a Mortgage. Building up a case to refinance your mortgage for debt consolidation purposes can depend on a number of key factors. The […]
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2023 Tax Information Guide: 2023 Tax Information Guide — Handy list of tax numbers as a quick reference. 2023 Tax Information Guide for Working clients Maximum RRSP contribution: The maximum contribution for 2023 is $30,780; for 2022, it’s $29,210. The 2024 limit is $31,560. TFSA limit: In 2023, the annual limit is $6,500, for a […]
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80-year Amortization at CIBC? 80-year Amortization at CIBC were caused by CIBC not increasing monthly mortgage payments on their Variable-rate products despite hitting the trigger point. Their actual amortization period has even hit 80 years for some clients. CIBC customers are still paying the same amount which isn’t even covering their interest anymore. If this […]
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