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We all know that having a good credit score is crucial in securing a loan and receiving a good interest rate. Unfortunately often our credit score is hit and eroded due to little things like late payments on mortgage payments or credit card payments. Even missing out on a one cent [...] When looking at investments, people all too often overlook permanent life insurance as a viable investment option. Not only has it provided consistent decent returns over the years but it also provides excellent tax sheltering if used correctly. The article below by John E. Giorouard explains how this Great Depression proof vehicle can provide the [...] Will you owe taxes for 2011? Do you wish you could make a larger contribution to your RRSP but don’t have the funds to do so? If you have RRSP contribution room, an RRSP loan may be a great solution. There are a number of insurance companies that will lend you money [...] Where can you cut costs without having to cut back on your lattes? One place that you can reduce your expenses by as much as $100 per month is your phone, cable and internet bill. Have you checked it lately? If you haven’t, chances are that promo rate you got with Telus or Shaw is [...] The volatility hitting Europe and the risk of damage to the global economy means the Bank of Canada may move to cut its benchmark interest rate to ward off the risk of recession. Some economists are predicting a cut in the prime rate anywhere from 0.5% to 0.75%. Even if they are wrong the general [...] Clients often ask me whether they should pay down their mortgage or contribute to their RRSP. Here are the things to consider: If you pay off your mortgage first and then start contributing to your RRSPs, you are guaranteed a tax free return equivalent to your mortgage interest rate. The problem [...]
If you are self-employed then you either have no medical coverage other than MSP and are paying for medical expenses in after-tax dollars or you are paying for private medical coverage, costly coverage for services you may or may not be using. There is a much better solution without restrictions, predictable [...] Ever since the Sub-prime meltdown in the US, a number of the banks that have been excellent sources of mortgage funding for investors wanting to build their portfolios, have changed policy. Of the number of changes, including max 80% financing, max 5 rental properties, max mortgage liability per customer, higher debt coverage requirements, [...] How an investment is funded can be as strategic as the choice of investment itself. If you come into a lump sum of money such as a company bonus or inheritance and are looking at investing that money, the Smith Maneuver may be the strategy of choice. The Smith Maneuver was created [...] Registered Retirement Savings Plans (RRSPs) are designed to promote saving and take advantage of tax deferred growth. The funds we draw from our RRSP are 100% taxable at our marginal tax rate. The thought process is that at retirement we will be earning less and therefore be at a lower tax bracket [...] |
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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