- Helping Your Child Achieve Their Dream of Home Ownership - In the pursuit of assisting your child in achieving the milestone of homeownership, the challenge often lies in amassing the necessary down payment. As parents, you understand the significance of fostering independence, yet the financial aspect can be daunting. This article delves into a strategic solution available to Ontario residents—the First Home Savings Account (FHSA). ...
- Is An Income Property A Good Investment? - Maybe you’ve come into an inheritance or received a substantial bonus at work. Or perhaps you’re looking for a way to invest your money that is lower risk and provides you with a retirement income. Either way, investing in a rental, or income property could be a good investment for your future. Although there are ...
- Taking Advantage of The First Home Savings Account - Great news for first-time home buyers! The government has announced a brand new tax-free savings account to help you save a down payment to buy your first home. A first home savings account (FHSA), is a registered plan that enables first-time buyers to save for their first home tax-free, subject to certain limits. Starting April ...
- Investing in a Tontine To Pay For A House - There are many non-traditional ways to save money for a house other than budgeting, using government funding or inheritance money. Have you considered using a tontine to help pay for a new home? Working with a reputable financial advisor is the best way to invest your money if you are thinking of exploring tontine options. ...
- How To Use Your RRSPs To Save For Your Down Payment - A 20% down payment on a million-dollar home seems like a lot, right? Not many of us have $200,000 in our pockets ready to hand over. However, there are many ways to save up for a down payment of that amount, including contributing regularly to a tax-free savings account (TFSA), looking into the equity of ...
- How To Finance Home Renovations That Give A Good Return On The Investment - Staring at that old kitchen counter from the 1990s that you wish you could change? Or wishing your basement could be turned into the entertainment center it deserves? Your dreams of home renovations may not be as far out of reach as you think. Having a mortgage is like holding an investment account. Your home ...
- How To Save For Your Child’s Secondary Education - Before you know it, your little daughter or son isn’t going to be so little anymore. It’s incredible how quickly the time flies by, and in a blink of an eye, you’ll be helping them fill out College or University applications and packing the car to head out on campus tours. The average price for ...
- The Blog To Read Before Flipping A House - If you’re like me, home renovation shows get me hooked. Except, they make it look pretty easy when you see professionals with a huge budget being able to flip a rundown shack into a gorgeous tiny home. If you’re up for the challenge of buying a property and flipping it for a profit, you’re in ...
- Things To Consider When Buying Foreign Property - With the colder months fast approaching, we’re already dreaming of sunny beaches, mountain excursions, and sipping on drinks in a hot tub. Sure, you can book a vacation, but if you go down multiple times a year with the entire family, those costs can add up. Have you thought about buying foreign property to spend ...
- Is my money better in a TFSA or an RRSP? - So you’ve been budgeting wisely and you’re starting to see your savings account grow. Or maybe you’ve received money through an inheritance or work bonus. It’s time to look at your life goals and decide what to do with that nest egg. What is your next big purchase going to be? A car, a house, ...
- What Is A TFSA? - These days it feels like it’s impossible to afford anything and buying a house feels out of reach for many in the Barrie area. In fact, when it comes to saving money at all you may feel extremely overwhelmed and don’t know where to start. Whether you’re planning for retirement, planning to purchase your first ...
- What is an RRIF? - Did you know that the money you contribute to your Registered Retirement Savings Plan (RRSP) can’t stay there forever? That’s right. When you turn 71 years old, you will need to move that money. This doesn’t mean you will be forced to take out your RRSP savings all at once and pay a huge tax ...
- Should you consider Airbnb as an investment strategy? - Do you own an additional space or property that you’re not using? Have you ever stayed at an Airbnb and heard of the lucrative possibilities of owning an investment property? Hosting an Airbnb does present major opportunities for real estate investors. However, hosting an Airbnb does come with some challenges too. This is my shortlist ...
- New year, new financial success - It’s a brand-new year, which means it’s time for a new you! What better way to improve yourself for the new year by evaluating and improving your finances? 2020 was a very different year for many of us – and maybe your finances aren’t looking quite the way you’d expected. But now that you’re better ...
- Financial planning and RRSPs - You’re ready to start financially planning your future, but where should you start? Navigating different savings plans and ways to invest your money can be overwhelming.. I’m here to help simplify your journey. One of the many savings accounts you can choose from to start investing your money in is an RRSP. But, what is ...
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