Credit and Debt Management
Are You a Self-Employed Individual? Getting a Mortgage Might not be Unproblematic these Days!
. By Reza Ghazi, Broker at Mortgage Edge www.rezaghazi.com Before the effects of 2008’s global recession, particularly in Canada, it was much easier for self-employed individuals to obtain a mortgage on Real Estate-based assets. After the recession, the higher level of risk and uncertainty present in the Canadian ...
7 Comments | Posted in Credit and Debt Management,Financial Planning for Business Owners
November 06, 2010
Do Not Hold Dividend Paying U.S. Stocks in Your TFSA
We are still in the early days of TFSAs and all sorts of confusion about the rules that apply to TFSAs seem to abound not only among tax payers but also among financial advisors. Recently, 70,000 out of the 4.7 million Canadians who have set up ...
10 Comments | Posted in Cash Flow Management,Credit and Debt Management,Estate Planning,Financial Planning for Business Owners
July 05, 2010
Don’t Miss the Opportunity to Set up a Spousal Loan
If there was ever a time that you would want to consider using spousal loans, this is it. The current prescribed rate on a spousal loan is 1%, which is the lowest the prescribed rate has ever been. This is really as good ...
26 Comments | Posted in Credit and Debt Management,Financial Planning for Business Owners,Mutual Funds,Stocks,Tax Planning
January 05, 2010
Creditor Protection for RRSPs and RRIFs
Prior to July 2008, only RRSPs and RRIFs issued by life insurance companies were creditor proof. On July 17, 2008, the regulations under the Wage Earner Protection Act came into force and so has the legislation providing protection to RRSPs. Briefly, the provisions applicable to RRSPs and ...
1 Comment | Posted in Credit and Debt Management,Financial Planning for Business Owners,RRIF,RRSP
August 24, 2009
Save Your Assets!
Most people think of asset protection in terms of keeping assets away from creditors and lawsuits. In today’s modern society and the profession of financial planning, the definition of the term asset protection covers a much wider range and includes plans, structures and strategies to ...
6 Comments | Posted in Credit and Debt Management,Financial Planning for Business Owners,Life Insurance
August 16, 2009
