by Guest Blogger | Feb 17, 2016 | All About Investing, Cash Flow Concerns, Risk Management
Today’s blog post is courtesy of Ian Mucignat, a mortgage broker with TMG. We asked him, “How dangerous is it to sign an offer to purchase without a condition of financing?” He told us: In today’s heated real estate market, it’s not uncommon to...
by Rona Birenbaum BAS CFP®, CHFS | Nov 1, 2015 | All About Investing, Cash Flow Concerns, Retirement
Many Canadian seniors will be surprised when their RRIF payments decline by as much as 28% in 2016. Seniors age 82-and-under will see a decrease of at least 20%* Seniors that chose to receive the RRIF minimum payment will be most affected. That minimum is determined...
by Rona Birenbaum BAS CFP®, CHFS | Apr 28, 2015 | All About Investing, Cash Flow Concerns, Retirement
We are often asked the question whether it makes more sense to make extra mortgage payments or top of retirement savings when there is extra cash flow. This question is coming up more often these days given the low borrowing rates and recent great returns in the...
by Rona Birenbaum BAS CFP®, CHFS | Jan 9, 2012 | Cash Flow Concerns, We Think You Might Enjoy...
Effective January 5th, 2012 students in Ontario are getting a financial boost from the provincial government. Students in a university or college degree program will save $1,600, while students in college diploma and certificate programs will save $730. These amounts...
by Rona Birenbaum BAS CFP®, CHFS | Nov 21, 2011 | Cash Flow Concerns
Royal Bank’s latest housing survey found that one-third of Canadians who are 55 or older have at least 16 years left on their mortgage term. That reality doesn’t line up with the average Canadian’s desire to be mortgage free by age 65. The survey was picked up by the...
by Rona Birenbaum BAS CFP®, CHFS | Oct 16, 2011 | Cash Flow Concerns
With interest rates at historical lows, the majority of Canadians with mortgages, lines of credit or conventional loans are making the minimum payments required by their bank or credit union. This is a mistake. When interest rates are low, more of your payments can go...
