Should Parents Help Kids Buy a Home?
The most compelling argument in favour of helping your kids buy a home: Houses are much less affordable now than they were when you bought your first home.
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Using Your Home as Part of Your Retirement Plan
On average, working Canadians typically retire at age 63; by all accounts, most of these newly retired people have about $1 million in retirement savings. But is that enough? A recent report shows Canadians now believe they need between $1.4 and $1.7 million in savings to comfortably retire. For Canadians looking to top up their…
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Tax Tips for Homeowners + Tax Checklist
Canadian homeowners can use their residence to help reduce the tax paid + a basic tax checklist to help file your tax return on time.
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Day trading in your TFSA? Watch out for the CRA!
We all want to be in the black regarding our investments, but investors using their Tax-Free Savings Account (TFSA) as a vehicle to shelter profits from triggering taxation could find themselves in hot water. According to Jamie Golombeck, an expert authority on Canadian tax law, the Canada Revenue Agency (CRA) is cracking down on investors…
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How Homeowners Are Reducing Taxes Owed to IRS
What the average American pays in income tax each year can vary widely based on income, tax deductions, credits, and other factors. However, data from the Internal Revenue Service (IRS), the average federal income tax rate for all taxpayers was 14.5% in the 2018 tax year (the most recent data available). Additionally, many states also…
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What Homeowners Need to Know About Asbestos Testing
If you suspect that your home contains asbestos, it’s important to seek professional advice.
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Aggressive Investment Strategies and Your Risk Tolerance
Aggressive strategies are not always detrimental when constructing an investment portfolio. The key is to assess your risk tolerance.
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Book Collectors: How To Organize Books in Your Home
By following these tips, you can create an organized and functional system for your books + find creative ways to reuse purged books.
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10 Reasons for Buying a Home (It’s not just about the money!)
Buying a home isn’t about finances but the desire for stability. Here are the top 10 reasons.
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Home Reno: Floor Installation Costs and Options (+ freebie)
Investing time and effort in researching flooring materials and costs will save you from making costly mistakes.
