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The best RRSP investments 2021 + MORE Feb 24th
A registered retirement savings plan (RRSP) is an investment that is registered with the Canadian federal government. RRSPs are often described as being “tax-advantaged.” That means you don’t pay income tax on the amount you are contributing to an RRSP, in the year you earn that contribution. .... More »
The best student credit cards in Canada for 2023 Oct 12th
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The best student credit cards in Canada for 2023
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And just like that, Peloton shares tank after fatal cameo in Sex and the City reboot - CBC News Dec 10th
And just like that, Peloton shares tank after fatal cameo in Sex and the City reboot CBC NewsPeloton responds as 'And Just Like That...' kills off major character Yahoo News CanadaPeloton Spokesperson Reveals Company Didn’t Know Details of ‘And Just Like That’ Story Line .... More »
RBC beats profit expectations, raises dividend and plans to buy back shares - The Globe and Mail May 28th
RBC beats profit expectations, raises dividend and plans to buy back shares The Globe and MailROYAL BANK OF CANADA REPORTS SECOND QUARTER 2026 RESULTS Yahoo! Finance CanadaRoyal Bank of Canada declares dividends PR Newswire CanadaRBC tops expectations, hikes dividend.... More »
What we know so far about Apple’s launch event and possible SE4 reveal - Euronews Feb 19th
What we know so far about Apple’s launch event and possible SE4 reveal EuronewsApple to launch new lower-cost iPhone as it looks to capture a broader market The Globe and MailiPhone SE 4: Why Today’s New Apple Product Isn’t iPhone SE After All ForbesTim Cook to.... More »
Q. I would like to know whether it is better, financially speaking, to own my first house as an income property, or as my primary residence in Ontario. I am single, living with my parents, earn a steady income and have $80,000 in savings. I’ve already purchased a new-construction freehold townhouse for $320,000 (paid $30,000 in deposit), which will close in August 2020. While I had been planning to rent out this property, I’m wondering if it is better to treat it as my primary residence initially, to take advantage of all the benefits available to first-time home buyers (including the ability to borrow from my RRSP), then change to a rental later.
–Larry
A. I see where you are going with this, Larry. You’re wondering if you can take advantage of the Home Buyers’ Plan now—and, if you don’t, will the fact that your first home purchase is an income property prevent you from participating in any first-time home buyer programs when you do purchase your first primary residence in the future…
–Larry
A. I see where you are going with this, Larry. You’re wondering if you can take advantage of the Home Buyers’ Plan now—and, if you don’t, will the fact that your first home purchase is an income property prevent you from participating in any first-time home buyer programs when you do purchase your first primary residence in the future…
