Author
Rishi
Published
February 2, 2017
This strategy applies to you if.. You are planning to buy a home in more than 3 months from now. Have RRSP contribution room – the more the better! The Home Buyers Plan (HBP) allows a qualified first time buyer to withdraw up to $25,000 from their RRSP, tax-free. This amount is to be paid […]
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Author
Rishi
Published
October 11, 2016
When you leave one job for another, or even when you retire, there are many decisions that need to be made about your pension. There are two main types of pension plans, defined contribution and defined benefit. With defined contribution plans, during your employment your company provides you with a regular lump sum of money […]
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Author
Rishi
Published
September 22, 2016
When you leave your job, you may receive a termination and/or severance pay. When your departure is involuntary every jurisdiction stipulates how much notice you must receive. Commonly, the company will pay you in lieu of actually working through the notice period. This termination pay is considered employment income for tax purposes. You may also […]
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Author
Rishi
Published
September 15, 2016
If you have voluntarily left your job there will probably not be any legal implications. However, in situations where you have been laid off or dismissed, the situation can be more complicated and independent legal advice may be warranted. Although your advisor can certainly provide you with information and guidance, there can be employment, tort, […]
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Author
Rishi
Published
July 25, 2016
Thinking of renovating this summer? According to the Appraisal Institute of Canada, here are the renovations that pay off the most. Kitchen and Bathroom – Expect an increase in house value of 75% to 100% of the cost of the renovation Painting inside and outside – 50% to 100% of the cost can be recouped […]
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Author
Rishi
Published
July 15, 2016
While it may be exciting to move into a new home, especially if it is your first home purchase, the actual move can be a lot of hard work. Many people rely on their relatives or friends to help them move, but those that have moved often know there is a limit to how many […]
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Author
Rishi
Published
June 27, 2016
With the Real Estate market skyrocketing the past several years, many individuals have chosen to purchase property as an investment. Being a Landlord can be tricky, here are answers to common questions you may have as a Landlord. Rent Increase: Once every 12 months. Landlord must give tenant 90-day written notice of increase. […]
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Author
Rishi
Published
June 23, 2016
For those who are renting (are tenants) here are some quick rights you have, which you may not know Landlord cannot refuse to rent to you because you are new comer to Canada or because you have children Landlord cannot ask you for a damage deposit and they cannot use your last months rent as […]
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Author
Rishi
Published
June 17, 2016
Here are some tips and tricks to help you pay it off: Repayment Assistance You may find that your financial circumstances make it difficult or impossible to make the required payments. There are measures you can take to restructure your loan in these circumstances. Generally, if you are experiencing financial difficulties, you can arrange to […]
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Author
Rishi
Published
June 8, 2016
In fact, 68% of millennials aged 30 say they don’t own any stock or stock mutual funds according to a Bankrate’s Money Pulse Survey. One of the reasons for the reluctance according to the survey is your wariness to invest. Millennials, they say, came of age during an extremely difficult time to invest because your […]
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