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Silicon Valley Bank files for bankruptcy | GMA - ABC News Mar 18th
Silicon Valley Bank files for bankruptcy | GMA ABC NewsParent company of Silicon Valley Bank filing for bankruptcy protection CBC NewsSVB Financial Goes Bankrupt Bloomberg TelevisionSVB parent company files for bankruptcy CTV NewsSilicon Valley Bank parent.... More »
Migrant workers 'hiding' from COVID-19 testing, says Premier Ford - CBC News + MORE Jul 3rd
Migrant workers 'hiding' from COVID-19 testing, says Premier Ford CBC NewsCoronavirus: Ontario premier announces additional $150M investment in homeless shelters | FULL Global NewsStage 3 of Ontario's COVID-19 reopening plan looms nearer CBC.caTory wants Trudeau and .... More »
When investing, think like a landlord + MORE Feb 3rd
Markets never move in a straight line, yet if you look at a long-term chart of the S&P 500 you might argue otherwise.
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Tips & Tricks for Investing After Losing Your Job Due to an Injury + MORE Jul 16th
You are home and laid up after a work accident, and expect that you will be so for a while. You’ve always been intrigued by investing and are wondering how you can learn how to invest, now that you have some downtime to look into it. Thankfully, your workers’ compensation is paying and you have .... More »
Buying your first car in Canada: Insider tips from a salesperson + MORE Dec 11th
Buying a car is a major financial decision, possibly the biggest purchase you’ll ever make besides buying a home. Monthly housing costs should not take up more than 32% of your gross household income. Your car budget, while much smaller, could still be as high as 10%. And with Canada’s increasin.... 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…
