Home / Mortgages / ‘Business for self’ clients are on the rise. How do you secure a mortgage for one? + MORE Feb 24th

‘Business for self’ clients are on the rise. How do you secure a mortgage for one? + MORE Feb 24th

Mortgages in Canada can be a murky subject – one that we hope to shed some light on with a series of highly informational articles.
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Understanding the Smith Manoeuvre: a Canadian mortgage strategy decoded Jan 6th

For nearly four decades, Canadians have turned to an investment strategy of writing off the interest from mortgage payments as tax-deductible. Known as the Smith Manoeuvre—after its creator, financial planner Fraser Smith—the strategy involves getting a readvanceable mortgage, which includes a l.... More »

First National saw revenue rise 29% in 2023 despite drop in residential mortgage volumes + MORE Mar 10th

First National wrapped up a "successful" 2023 in spite challenging economic conditions and a drop in residential mortgage originations..... More »

Latest in mortgage news: OSFI head applauds lenders’ efforts to shorten amortization lengths + MORE Apr 3rd

OSFI says it is encouraged by the progress Canadian lenders have made in reducing amortization lengths of the mortgages within their portfolios..... More »
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3.4 million Canadians will renew their mortgages by 2025: Royal LePage - Financial Post + MORE Oct 26th

3.4 million Canadians will renew their mortgages by 2025: Royal LePage  Financial PostSurvey finds Canadian homeowners fret over mortgage renewals  Toronto StarMortgage renewal: New survey says many concerned about rising interest rates  CTV News OttawaInterest rates: H.... More »

Mortgage payment calculator Oct 11th

For the majority of Canadians, buying a home will be the single biggest purchase they ever make, and getting a mortgage is an essential part of this process. According to a National Bank of Canada report, the majority of variable-rate-fixed-payment mortgage borrowers who signed onto between 2020.... More »
Ask MoneySense
I have $119,000 room allowed in my RRSP and $81,000 room in my TFSA.

I am 47, live in B.C., currently not earning income as a caregiver for a parent. I have a business with a registered GST number to claim income now or in the future. But for my question, let’s assume I will be claiming $0 for the next three years. 

I have a sum of $250,000 coming to me as a gift, and I am looking to invest/save it. 

I plan to use the portions not contributed into my TFSA and RRSP in investments that will be earning interest as income—likely mortgage investments.

Based on my income projections, what amount makes the most sense to invest into RRSPs at this time? 

Should I spread the amount out over a period of time? Same question for TFSA. 

—Jennifer 

Maxing out registered accounts: TFSAs and RRSPs

Jennifer, you likely want to maximize your tax-free savings account (TFSA), skip the registered retirement savings plan (RRSP) for now, and put the rest of your money into a non-registered account…

Continue Reading On moneysense.ca »

Roughly 2.9 million Canadians were self-employed in 2018, according to Statistics Canada, and many of them are keen to buy a home.

Continue Reading On canadianmortgagetrends.com »

On the surface, the Consumer Price Index data for January looks like inflation has finally been defeated. But soaring food prices and mortgage interest costs are continuing to take a bite out of household finances.

Continue Reading On canadianmortgagetrends.com »

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