• phone: 6047658873
  • fax: 888.253.4963
  • mobile: 6047658873
"I work for YOU, not the lender"

Blog by Linda M Linfoot

Incorporated Companies & Bare Trust Agreements

August 28th, 2015
Do you want to purchase a property under your Corporation???

If you are considering purchasing a property and would like to do so under your incorporation, you can use a Bare Trust Agreement (inexpensive lawyer prepared document) in order to achieve the same benefits to the company and shareholders as though it was owned in the company name. This will allow your broker to choose from the va ...

Increase of RRSP use for Down Payment When Purchasing a Home

August 12th, 2015
Positive News for First-Time Homebuyers… (today from CAAMP)
We welcome the Conservative Government’s announcement today proposing to increase the RRSP Home Buyers’ Plan (HBP) withdrawal up to $35,000 from the current $25,000 for first-time homebuyers. If implemented, a couple buying a home together would have access to an extra $20,000 of their RRSPs to help with their down payment and other ...

CMHC to Allow 100% of Suite Income

August 3rd, 2015

CMHC to Allow 100% of Suite Income

July 27, 2015 Robert McLister

The market for houses with basement apartments may get a little hotter. CMHC has announced it will allow 100% of the rental income from legal secondary suites to be used when qualifying for a mortgage. Currently it allows 50%.

The nation’s largest default insurer says the move is meant to “facilitate affordable housing ch ...