Blog

Mortgage rules changing

Earlier in 2017 the government changed the mortgage rules to put everyone at a 4.84% mortgage rate for the approval process (even if actual rate being provided by the lender was lower). This was done so individuals wouldn't take on too much mortgage debt, as they would be approved for...

What is a TFSA and how to get it working for you!

What is a TFSA account?   The Tax-Free Savings Account (TFSA) program began in 2009. It is a way for individuals who are 18 and older to set money aside tax-free throughout their lifetime. Contributions to a TFSA are not deductible for income tax purposes. Any amount contributed, as well as any income...