MORTGAGE 101: Understanding Different Mortgage Options + MORE Mar 28th

There are more insurance options in Canada than you can shake a stick at! Stay on top of the best policies right here.
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What to Do After Your Identity is Stolen? Apr 17th

Identity theft is a global crime where your personal or financial information is stolen to commit fraud in your name. It leads to severe financial and legal struggles. Identity thieves look for any of the following information: Full name Social insurance number (SIN) Driver’s license number Home.... More »
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3 rules for maximizing charitable donations in your will + MORE Apr 13th

Q. We are preparing our wills and have been advised that charitable donations are credited at 100% in the year of death, and can be used to reduce or eliminate the amount of tax owed for that year. How do we word this in our will so our executor understands our wishes, especially when they may not k.... More »
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3 Odd Insurance Claims that Have Actually Been Filed Apr 21st

When mishaps occur, you want your insurance company to help. But,  what about when the claim sounds too good to be true? From a slippery slip and fall to a plane dropping blue ice over Canada, here’s a look at a few of the oddest claims filed. What’s the worst that could happen, right? 1. This.... More »
Sponsored: Can I Claim Insurance on My Taxes?
*Sponsored by TurboTax
With the 2019 tax deadline fast approaching many Canadians are focused on maximizing their tax return. The Canadian Revenue Agency (CRA) requires all private income tax returns to be filed , while self-employed have until June 17, 2019 to file.
If you do think you’ll owe taxes, however, or you may incur penalties.
For a full list of deductions you may be eligible to claim it’s important to seek financial advice, or use a tool like TurboTax.
TurboTax is a tax software that makes filing your taxes online easy, and is supported by real-life tax specialists who can step in to advise if needed. After signing up online, TurboTax can guide you through your entire 2019 return, prompting you with questions and advice at every step, to ensure you get the maximum refund.
One often overlooked deduction on anyone’s tax return is insurance. The list of insurance deductions for salaried individuals is very short. Individuals can often deduct private health insurance premiums on your tax returns, as well as any medical expenses…

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MORTGAGE 101: Understanding Different Mortgage Options
To new buyers, the real estate market can appear intimidating with jargon like amortization, mortgage insurance, fixed vs variable and so on.
Here are some of the key terms and mortgage types you’ll encounter when shopping for your home loan.
What is a Mortgage?
A mortgage is a loan offered by financial institutions to make the process of owning a real estate property feasible. Interest is charged on the Principal amount and each mortgage payment consists of repayment of the principal, plus some of the interest.
In Canada, potential home buyers pay at least five percent of the total cost of the house upfront.
Now let’s explore the different types of mortgages that the Canadian market holds:

High Ratio Mortgage: Refers to the loan to value ratio of the loan. If you pay less than 20 percent of the property cost as a down payment the loan has a high LVR. In this instance, it is mandatory to attain Mortgage Insurance, also referred to as CMHC (Canadian Mortgage and Housing Corporation) Insurance…

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China will sharply expand market access for foreign banks and securities and insurance companies, especially in its financial services sector, Premier Li Keqiang says, as senior U.S. officials arrived in Beijing for more trade talks.

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