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Have credit card debt but a good income? An RRSP loan may be the solution to get rid of that high interest credit card debt. A staggering twenty five per cent of Canadians owe between $10,000 and $40,000 on their credit card. Those credit cards typically charge between 18 and [...] As history has proved time and time again Canadian real estate goes up in value. Canada as a whole has appreciated 6.8% per year over the last 10 years and specific markets such as Edmonton (9.8% per year) have performed even better. Can the next 10 years perform the same? It is difficult to [...] Exponential Growth is the least understood concept in finance. What does 8% return really mean? What is the difference between compound interest and simple interest? Ever wonder why banks usually charge compound interest when you borrow i.e. mortgages and credit cards but pay simple interest when they borrow from you i.e. putting your money in [...] With the introduction of stricter lending rules to curb Canadian debt loads going into effect in March, a new wave of buyers may create another upswing in the market. Some of the new rules include reduction of amortization to a max of 30 years from 35 as well as max loan to value for refincing [...] A proper financial plan includes estate planning which accounts for the planned or unforseen death of yourself or a loved one. RRSPs can hold a surprising tax burden to your estate if not planned properly. 100% of the value of your RRSP is taxable at your marginal tax rate on withdrawal- regardless of whether you [...] |
peter@investingincanada.org 
Peter Merabian helps Canadian individuals and families by providing investment and tax saving strategies that help them achieve their financial goals sooner. Peter also manages his own multi-million dollar rental property real estate portfolio which he co-owns with investors. Unlike many financial advisors, Peter uses a global approach to investing and puts money where his mouth is by personally using many of the strategies he advises his clients on. |
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