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RRSP Contributions for 2020 Tax Year

If you’re wondering about contributing to an RRSP for this year’s tax return, there is still time!  You have until March 1 2021 for those funds to count toward your 2020 tax return. Here is a handy calculator to help you figure out what your return might...

New Changes to CMHC’s Underwriting Criteria

There are more changes from CMHC affecting mortgage qualifying coming July 1, 2020. The modifications to the underwriting criteria make it more difficult to qualify for a mortgage for those who have less than 20% for a down payment. The changes include increasing the...
Thinking of Deferring Your Mortgage Payment?

Thinking of Deferring Your Mortgage Payment?

Covid-19 has impacted our economy and financial markets significantly. The government has implemented a mortgage deferral program to help those in need of financial support during this time. A person can now defer his or her mortgage payment for up to 6 months, at the...