Deciding who and how you name a beneficiary could have tax and estate implications. Beneficiaries can be designated when opening investment accounts such as RRSPs, RRIFs, TFSAs, RESPs, etc…or the accounts and allocations can be listed in a will. It is important to know what the financial implications will be involved to minimize the taxes payable in the designation of beneficiary and ensure the final wishes are followed after the account holder’s... [read more]

Watch the video As a result of recent announcements by the Federal, Provincial and Municipal governments, change is coming to the real estate industry and real estate agents and their clients must be prepared in order to adapt and succeed in the coming year. Here are 5 things to know. 1. New Federal assistance for qualified first time buyers The Federal government, through CMHC, will be offering first time homebuyers with assistance for resale or new home... [read more]

If the topic intrigues you and you are currently looking to buy a house, please read this article in its entirety.  I am not the original author of this article but thought it was a comprehsnsive and well written article on the subject and thought I would send it out in my Newsletter.  Please share it any perso those individuaals who you know that this article may help them in their future purchase. When you buy a house or a condo, there are minimum down payment requirements to... [read more]