Business for Self
Small business owners as mortgage consumers may raise a concern to lenders as to how to verify their income. It’s good for you if the income numbers on your Notice of Assessments from Canada Revenue Agency in recent years are good enough to qualify the loan amount you desire. However, it’s more often that NOA …
Debt Consolidation
Debt consolidation is the process of merging more than one debts to a single debt, or taking out one single loan to pay off other loans. Why you may need to consider consolidating your debts? First of all, you may think of reducing cash out-flow and making ends meet. This is essentially true for those …
New to Canada
Every year Canadian expect up to 300,000 new immigrants arrive and take Canada as their home. It is understandable that new immigrants are going to buy their homes sooner or later. It takes time for a new immigrant like you to accumulate your credit history and/or find a permanent full time job. But you can’t …
TDMP Tax Deductible Mortgage Plan
Unlike our neighbor on the south, we as Canadian are not allowed to deduct the income taxes for interest payments on mortgages against the homes we live in. That being said, mortgage interests on owner-occupied properties are not tax deductible. Many people wanted to know why. It is simply because owner occupied properties don’t produce …
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