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The best credit cards in Canada for 2024 Feb 29th
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The best credit cards in Canada for 2024
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3 Ways You Can Start Earning Passive Income Dec 9th
Passive income is the dream of all investors. Truly passive income can be tricky to create, but with a strong growth strategy, anyone can build a passive income stream into their cash flow. Strictly speaking, in order to make money you must input time, energy, or capital into an investment opportuni.... More »
How to use equity to buy a second home + MORE Sep 24th
Whether it’s for a cottage, a vacation home or a rental property, using your home’s equity can be an excellent way to buy that second home you’ve been dreaming of.
“Potential buyers may not have the cash they require to pay for an asset like a second home in part or in full,” says.... More »
Anxiety over Trump’s trade war with China causes stocks to plunge on Wall Street - Global News + MORE Aug 6th
Anxiety over Trump’s trade war with China causes stocks to plunge on Wall Street Global NewsChina’s yuan tumbles further to U.S. dollar as trade war fears escalate The Globe and MailNew York stock indexes hammered as China allows yuan to devalue CBC NewsTrump’s.... More »
6 Things That Didn't Make an Appearance at the Apple Event - CNET Mar 12th
6 Things That Didn't Make an Appearance at the Apple Event CNETApple's spring event had as many missed opportunities as compelling moments MacworldWhat to know about Apple's new iPhone SE Yahoo FinanceApple Stock: Wall Street Is Psyched About New Products .... More »
How to juggle RRSPs, TFSAs, RESPs and a mortgage
– moneysense.ca
It’s funny how having a few kids can upend even the best laid financial plans. That’s precisely what Sammu and Mandy Dhaliwall are discovering as they deal with the competing challenges of raising children and still finding a way to pay off the mortgage and save for the future. It’s a juggling act all parents must eventually contend with, and for the Dhaliwalls that reality set in about three years ago.
Back in 2013, the young couple realized their suburban Toronto home needed a major basement reno to create more play space for their growing brood, which now includes a five-year-old daughter and two-year-old twins. To do that, they ran up a hefty bill on their line of credit (LOC)—of which $90,000 remains, not to mention the $350,000 still left on the mortgage. “We made a key decision to stay put and make do with the three-bedroom home we had already bought,” says Sammu, 37, who works as a pharmacist. “We’re close to family here and they’re our support network.”
To whittle away at their debt, the couple pays $10,000 annually to their LOC while making the minimum monthly payment on their mortgage along with an annual lump-sum payment of $12,000…
Back in 2013, the young couple realized their suburban Toronto home needed a major basement reno to create more play space for their growing brood, which now includes a five-year-old daughter and two-year-old twins. To do that, they ran up a hefty bill on their line of credit (LOC)—of which $90,000 remains, not to mention the $350,000 still left on the mortgage. “We made a key decision to stay put and make do with the three-bedroom home we had already bought,” says Sammu, 37, who works as a pharmacist. “We’re close to family here and they’re our support network.”
To whittle away at their debt, the couple pays $10,000 annually to their LOC while making the minimum monthly payment on their mortgage along with an annual lump-sum payment of $12,000…
Montreal and Toronto mayors sign partnership agreement
– macleans.ca
Photograph by Roger LemoyneMONTREAL – The mayors of Montreal and Toronto signed a formal co-operation and partnership agreement Saturday that they say will allow the two cities to work together to advance their interests.
Montreal Mayor Denis Coderre and Toronto Mayor John Tory signed the document at Montreal’s City Hall before heading out to watch a Blue Jays exhibition game at the Olympic Stadium.
The agreement will allow the two cities to share information on issues of mutual interest including governance, jobs, affordable housing, sustainability and transportation.
“What we have figured out in this competitive world is that the competition for jobs, for investment and for progress on sustainable development and social development is not between Montreal and Toronto,” Tory told reporters. “Our goals will be best achieved when we work together and put the resources of the country’s two biggest cities together to get things done.”
Coderre said that since the world’s agenda is increasingly set by cities, it makes sense for Canada’s two largest municipalities to team up…
