An RRSP is viewed as long-term investment, but it can come in handy for big purchases that you want to make right now, like a new house. You can get up to $50,000 tax-free by looking to the Home Buyers’ Plan (HBP), a Government… Continue reading »
Tag Archives: Home Buyers’ Plan
Banking 101 / First Time Home Buyers / Growing Your Money / Lifestyle News / Personal Finance / Personal Finance News / RSM News / Saving For Retirement / Savings 101 / Savings News
RRSPs: Your Essential Questions Answered
At this time of year, it seems like the financial world is awash with information on what is a Registered Retirement Savings Plan (RRSP), the benefits of having one, and how to start one. But there are still a few planning points that Canadians either aren’t aware of or don’t know how to fully put to use… Continue reading »
It Now Costs 109% of Income to Own a House in Vancouver
Did you know – it now costs 109% of of the average Canadian’s income to own a house in Vancouver, according to a recent report from RBC. Read on for our breakdown of market affordability across Canada. Continue reading »
INFOGRAPHIC: The Top Mortgage Moments of 2015
It’s been a busy year for the mortgage market. Check out the top mortgage moments of 2015 – and how they impacted consumers – in this handy infographic. Continue reading »
New Government, New Rules
It’s been a big week of change for our nation, as the Liberals swept a majority victory in the federal election. That means there’s plenty of new developments to come – for your savings, your taxes, and for the loonie. Continue reading »
Buying A Home / First Time Home Buyers / Mortgage News / Mortgages / Saving For Retirement / Savings / Savings News / Uncategorized
New Liberal Changes For the Home Buyer’s Plan
There are new Liberal changes for the Home Buyer’s Plan in store, including expanding eligibility beyond first-time buyers. Here’s how the program is changing – and how it could impact your retirement savings. Continue reading »
4 Financial Tips for Post-Grad Students
Post-grad students face even greater financial challenges than those hitting campus for the first time and often take a cut in earnings in order to study. Here are a few tips and resources for making going back to school more affordable for adults. Continue reading »
The Housing Market Food Chain
Could you survive the housing market food chain? This week on MoneyWise, learn how to be a leaner, meaner home buyer. Continue reading »
Conservatives Promise to Expand Home Buyer’s Plan to $35,000
The Conservative government announced it plans to expand the maximum withdrawal amount for the Home Buyer’s Plan to $35,000. This is the most recent pre-election promise targeting home buyers struggling with steep affordability – but will this measure help, or hurt, the housing market? Continue reading »
Get Ready For the RRSP Rush
Are you ready for the RRSP rush? Here’s everything you need to know before the contribution deadline. Continue reading »