Entries by admin

5 Mortgage Down Payment Options

The down payment is arguably the most important piece of the home-buying process. No down payment means no house. So how much of a down payment do you actually need and what are your options? First Things First How Much Do I Need? Recent rule changes created some confusion around this question. Simply put, the minimum required […]

Make Your Mortgage Tax Deductible

Equity Associates Inc. is not affiliated with this strategy. Please speak with your financial advisor for more details. Convert mortgage interest into tax-deductible interest while increasing your retirement savings at the same time. The Smith Manoeuver achieves this goal. Find out more below: Although Canada does not allow home-owners to write off their mortgage interest, […]

What is a Registered Disability Savings Plan (RDSP)?

By opening an RDSP account, you may be able to receive up to $18,000 in free government grants. Read on to find out more: The Registered Disability Savings Plan (RDSP), is a tax-deferred savings account created by the Canadian Government. It’s purpose is to help build long-term financial security for disabled persons. Where the RDSP […]

How to Unlock Your Pension

Pensions can be an excellent way to supplement your retirement income. Sometimes, however, there may be a need to access these funds before you retire. If you have a “locked-in” pension or RRSP from a previous employer, there are ways to access this money. Why Unlock My Pension? There are many reasons why someone would […]

98.1 Free FM Better Tips

Better Financial teamed up with London’s 98.1 Free FM to provide listeners with daily financial tips that will help them save money and achieve their financial goals sooner. All of our Free FM tips are posted below. You can listen to the tips or get more information on each tip below. Keep checking back as […]

Incentives for First Time Home Buyers

The Government of Canada offers two major incentives for first time home buyers. The Home Buyers’ Plan (HBP) and the First-Time Home Buyers’ Tax Credit (HBTC) can help you save money when buying your first home. Let’s find out a little bit about each of these incentives and how they can help. 1. Home Buyers’ […]

What is Debt Consolidation?

“Debt Consolidation” is a term we often hear on radio or TV advertisements. Unfortunately, many of these advertisements do not explain very well exactly what debt consolidation is. The purpose of this article is to clear up some of the confusion around debt consolidation and to give you an understanding of how it can help […]

Buying a Home: Neighbourly Advice

Purchasing a home can be a daunting process for first-time buyers. Below, Kate shares her family’s experience of buying their first home. Key Topics Covered: Renting vs. Buying Talking to a Mortgage Professional Monthly vs. Bi-weekly payments Buyer Tips