Credit and Debt Management

Strategies for Profiting from Rising Interest Rates

This article was published in the October 2013 issue of the Canadian Business Journal and has been posted with their permission Interest rates in the U.S. and Canada seem to have reached a bottom and the end of the 33-year-old bond bull market seems to be looming. When ...

Tax Tip: Prescribed Rate Loans

The following tax tip was published by Cadesky and Associates LLP on www.cadesky.com and has been posted with permission. Tax Tip: Prescribed Rate Loans Prescribed rates are calculated every calendar quarter with the next update effective October 1, 2013.  The prescribed rate is calculated ...

Comments Off on Tax Tip: Prescribed Rate Loans   |   Posted in Credit and Debt Management,Estate Planning,Investments,Latest News,Retirement Planning,Savings and Investments,Tax Planning August 22, 2013

First-Time Donors Super Credit

The 2013 federal budget, proposed a temporary one-time credit for first-time donors on up to $1,000 of monetary donations, in an attempt to encourage charitable giving by new donors. If a donor, or his/her spouse or common-law partner did not claim a charitable donation tax ...

Charitable Donation Tax Credit

Donations made to charities in Canada are eligible for a charitable donation tax credit. The first $200 of your donations is eligible for a tax credit equivalent to 15% of the donation amount. Depending on your province of residence you can also claim a provincial ...

Forum Magazine – June Edition: A Life of Purpose

Tina Tehranchian was featured in the June 2013 Edition of Forum Magazine "A Life of Purpose".  To read the article click on the following link. Forum Magazine June 2013 Edition - A Life of Purpose

Comments Off on Forum Magazine – June Edition: A Life of Purpose   |   Posted in Credit and Debt Management,Estate Planning,Financial Planning for Business Owners,Latest News,Retirement Planning,Tax Planning June 21, 2013

The 2013 Federal Budget

This article was published in the June 2013 issue of the Canadian Business Journal and has been posted with their permission The main goals of the 2013 Federal Budget consisted of creating jobs, simplifying taxes and closing perceived tax loopholes. THE FOLLOWING ELEMENTS in the budget have ...

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 ...

Comments Off on Are You a Self-Employed Individual? Getting a Mortgage Might not be Unproblematic these Days!   |   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 ...

Comments Off on Do Not Hold Dividend Paying U.S. Stocks in Your TFSA   |   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 ...

Comments Off on Don’t Miss the Opportunity to Set up a Spousal Loan   |   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 ...

Comments Off on Creditor Protection for RRSPs and RRIFs   |   Posted in Credit and Debt Management,Financial Planning for Business Owners,RRIF,RRSP August 24, 2009