by awinch | Mar 20, 2023 | Uncategorized
Did you know that almost half (48%) of Millennials in Canada would choose TFSA over RRSP? In 2022, the CRA estimates that the value of the average tax-free savings account is just over $32K. So, what kind of savings account(s) are you working with these days? The...
by awinch | Mar 7, 2023 | Uncategorized
Want to save for retirement while lowering your potential tax bill? Have you maxed out your RRSP contributions for the year? Contributions to RRSPs are deductible from your total income which ultimately reduces the amount of income tax payable for the year! A...
by awinch | Feb 21, 2023 | Uncategorized
A question, is it less or more expensive to purchase a home in this current rate environment? The pandemic brought challenges to the housing market with surging demand and outrageous prices. Now that the storm has passed, prices have started to correct but the cost of...
by awinch | Feb 7, 2023 | Uncategorized
Buying a new build home has historically been a solid investment from the standpoint of gaining equity. From the time you sign the papers, to the day you get the keys, to selling down the road, you were making money. We’ve all heard the stories of people who would pay...
by awinch | Jan 25, 2023 | Uncategorized
Tax season is fast approaching! If you’re looking to make real estate moves this year, then now’s the time to think about how best to position yourself tax-wise based on your income situation. Sole Proprietor If you’re a sole proprietor and only paying tax on Line...
by awinch | Jan 11, 2023 | Uncategorized
Have you ever heard that you only need a 5% down payment? Sorry, but you will probably need more! So How Much? The rule of thumb for purchasing an owner-occupied home is 6.5%: 5% for your down payment and 1.5% for closing costs (i.e. lawyer fees, potential land...
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