Reports: Canadians Contributing Less to RRSP; Looking Past Deadline
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Reports: Canadians Contributing Less to RRSP; Looking Past Deadline

36% of Canadians are reportedly not planning to contribute to their RRSPs this year, and 17% are still undecided, even though the March 1st deadline for contributions is quickly approaching. If you want to receive a refund on your 2017 taxes… Continue reading »

Bank of Canada Update: Holding Its Benchmark Interest Rate
Buying A Home / Economic News / First Time Home Buyers / Mortgage News / Mortgages / Mortgages 101 / RSM News / Taxes

Bank of Canada Update: Holding Its Benchmark Interest Rate

Bank of Canada Rate Update – December 7, 2016 As expected, the Bank of Canada is holding its benchmark interest rate at 0.5 per cent. The scheduled announcement today was in line with expectations. “Following a very weak first half of 2016, growth in the third quarter rebounded strongly, but more moderate growth is anticipated … Continue reading »

Toronto Considering Raising Land Transfer Tax
Buying A Home / Economic News / Home Ownership / Lifestyle / Lifestyle News / Mortgages / RSM News / Selling Your Home / Taxes

Toronto Considering Raising Land Transfer Tax

In an effort to find new revenue streams, the City of Toronto is looking at raising the rate of its Municipal Land Transfer Tax (MLTT) on home sales. The proposed hike would add an additional $750 in closing costs to the average home, and would add an estimated $100 million… Continue reading »