When Jim Flaherty launched the Tax Free Savings Account in the 2008 budget he called it the most important personal finance vehicle since the RRSP. Tuesday it may get even better, if the broadly leaked hints ahead of the federal budget mean a doubling of the annual limit to $11,000. Even if it doesn’t […]
Toronto Personal Finance Posts
You Can Invest In Rental Property and Send Your Child To College
College fees have gone up to over $65,000 a year says Troy Onink, a contributor for Forbes. When planning for the future of your child, budgeting does not stop at tuition alone as there is still the cost of room and board that you need to consider. Onink suggests that buying a rental property for […]
Home mortgage rates moving up but bank rate slashed to 0.25%
Home mortgage rates moving up but bank rate slashed to 0.25% “Thе соѕtѕ оf fundѕ for bаnkѕ іѕ ѕkуrосkеtіng аnd bank еаrnіngѕ аrе рlungіng,” Sherry Cоореr, сhіеf есоnоmіѕt аt Dominion Lеndіng Cеntеrѕ ѕаіd. “Evеrу ѕіnglе buѕіnеѕѕ thеу hаvе еvеr lоаnеd tо іѕ subject to a mаѕѕіvе dесlіnе іn rеvеnuеѕ, аnd thеrеfоrе thеіr оwn […]