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New Mortgage Rules For Canadian Real Estate

On July 9, 2012 the Federal Finance Minister announced further changes to Canada’s mortgage insurance rules. Four measures were announced: Amortizations reduced to 25 years (was 30 years) Refinancing limited to 80% (previously 85%) Properties…Read More...

Why is bank reconciliation so important?

You may have heard about balancing your chequebook or reconciling your bank statements. It’s pretty much the same thing. Before personal computers, people used to have a chequebook as their main cash management tool. This…Read More...

The Power of Tax-Free Savings Accounts

When you opened a Tax-Free Savings Account (TFSA), you likely did it for the tax-advantaged savings.  But remember, not all TFSAs are created equal. How you can take advantage of the power of your TFSA.