Why Getting a tax Rebate is no reason to Celebrate
Many of our clients whom are actively saving for retirement have set up a Pre Authorized Chequing Plan (PAC) in order to make regular contributions to their RRSP’s. While this can be a great long term strategy to save for retirement, waiting for your rebate isn’t.
Watch the video to explain how a simple form can increase your monthly household cash flow and avoid giving CRA an interest free loan every year.
Here’s the form to fill out http://www.cra-arc.gc.ca/E/pbg/tf/t1213/README.html
MORTGAGE INSURANCE + BANKS = BEWARE!
Chances are if you have a mortgage you have also have mortgage insurance. The idea is that if you die before paying off the mortgage, the coverage will kick in and pay it off for you. It’s meant to offer peace of mind and to reassure you that your family will be able to stay in your home if anything should happen to you.
As this video produced by CBC’s Marketplace illustrates, if you have purchased your coverage from your bank in conjunction with your mortgage, the reality falls short of that. Contact us for more information or pricing on personally owned insurance coverage.