“Coles Notes” On A TFSA

“Coles Notes” On A TFSA
Tax Free Savings Accounts were created in 2009 as a way for Canadians to invest for their future. With the latest change in Government,  Canadians can now contribute up to $5,500 per year in their TFSA. Here is what you need to know about a TFSA: 1) You are allowed to contribute up to $5,500 per year to an account. If you have not contributed previously you can contribute up to $46,500 i...
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Need an Insurance Broker?

Need an Insurance Broker?
I’m pleased to announce that I have teamed up with Tracey Skanes of Axion -Skanes Insurance Solutions to offer home, auto, and business insurance to all my clients. Tracey is an Independent Insurance Broker with over 25 years of experience in the industry. I have known Tracey for over 30 years and have moved all my personal insurance to her due to her quality service and exceptional pricing...
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RRSP Season Begins Today!

RRSP Season Begins Today!
RRSP season begins today...not next January or February! Did you wait until the last minute to contribute to your RRSP? January and February are traditionally the busiest months for RRSP contributions. Everyone scrambles to make a contribution before the March deadline in the hopes of reducing their income taxes. Reducing taxes is always a good thing but there is a smart way and a not so sm...
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Banks Ignore The Bank of Canada

Banks Ignore The Bank of Canada
If a Central Bank lowers rates do the countries banks listen? Yesterday the Bank of Canada lowered their target rate by 0.25% signaling their concern for the Canadian economy going forward. Historically the major banks in Canada would drop their Prime Rate by the same amount as the Bank of Canada. This change would usually be announced on the same day as the Bank of Canada announcement and...
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Divorce…the seven letter word that feels like a four letter word!

So you’ve come to the point in your life where you are one of the statistics; you’re getting divorced. Divorce is never easy but with the right attitude, and some planning, you can minimize the stress and pain it inflicts on you and your family. Debbie Shawn of Divorce Matters suggests that the most important piece of advice she can offer is to remember that while you may be ending your mar...
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Got kids? Get your free money!

Got kids? Get your free money!
It's not often that the government offers you free money but when they do you should take advantage of it! If you have kids you should consider opening a Registered Education Savings Plan (RESP) for them. Even if you don't have extra funds to contribute yourself it's a great place to park birthday or Christmas money that your child may receive from friends and family. The free money is t...
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The Times They Have Changed

The Times They Have Changed
A decade ago money seemed to be falling from trees. If you had a pulse and could fog a mirror you could qualify for a mortgage in North America. The US housing market was booming and Canada was following in its footsteps. American lenders were in Canada growing their subprime mortgage business and the big banks were extending amortization periods and actively growing their portfolios with folk...
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Financial Independence

What are you doing to become financially independent? Most of us struggle just to get through the day with little thought to our financial futures but wouldn't it be nice to reach a point where work became an option and not a necessity! Here are three things you need to do to attain financial independence: 1) Spend less than you make. Duh...but how many Canadian households fail t...
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Welcome to my new web site!

Welcome to my new web site!
I’m happy to launch my new web site. Welcome! I need to thank Mandi Gould for all her hard work on developing this site. I think she did a great job and I could not have done it without her! If anyone out there is looking for a virtual assistant or event planner I would not hesitate to recommend Mandi. She delivered on everything she promised faster than I could keep up! Check out her web site ...
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An Open Letter To My Clients

An Open Letter To My Clients
I would like to take this opportunity to reach out and reconnect with past clients and friends. It has been almost two years now since I ceased the day to day operations of MortgageBroker Inc., O/A MortgagesInCanada.com, and took some time off to address some personal matters. I am excited to announce that I have recently teamed up with long time associate, Lou Perrotta, at Domus Financial Co...
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