Blog by Ravi Singh
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1st Time Home Buyers Share their Lessons
April 26th, 2012
1st Time Home Buyers Share their LessonsBy Carla Wintersgill
www.moneyville.ca
I spotted a gray hair in the mirror the other day. It’s not a coincidence its appearance corresponded with my first morning in our new home.
Last week, my boyfriend, Jesse, and I moved into a tiny two-bedroom, two-bathroom house in East York. Since buying our first home in late January, we’ve endured a bidding war ...
The ins and outs of RESPs
April 10th, 2012
The ins and outs of RESPsBy Madhavi Acharya-Tom Yew
www.moneyville.ca
We're saving about $6,500 each year for our three daughters' post-secondary education. It's a sacrifice but we think it's well worth it.
We save in Registered Education Savings Plans (RESPs) so we get the government's Canada Education Savings Grant (CESG). The grant adds 20 per cent to the first $2,500 of annual RESP con ...
Breaking your Mortgage? Know the Rules
April 2nd, 2012
Breaking your Mortgage? Know the RulesBy Ellen Roseman
www.moneyville.ca
Mortgage rates are falling. You want to break your closed mortgage and get a new five-year loan at 2.99 per cent.
Hold on. Take a deep breath. Talk to your lender first.
Find out how much you will have to pay to get out of your mortgage early. The penalty could wipe out all your profit on the deal.
Mortgage penalties co ...
2012 Tax Season: 12 Tips to get the Biggest Refund
March 6th, 2012
2012 Tax Season: 12 Tips to get the Biggest RefundBy Evelyn Jacks
www.moneyville.ca
Millions of Canadians pay more tax than they should every year and you shouldn’t be among them. Last year I provided a list of my best tax tips to help you save money and stay out of trouble. For the 2012 tax filing season, I’ve updated that list and added a few new tips.
1. Claim medical expenses
This is my ...
How Home Closing Costs Can Add Up
February 23rd, 2012
How Home Closing Costs Can Add UpBy Rob Engen
www.moneyville.ca
Home buyers are often advised to set aside one-to-three per cent of the purchase price of their house for closing costs. These fees are explained during the home buying process, but it is helpful to ask questions so you fully understand how these costs can affect your budget.
Legal fees: On average you should budget $600 to $9 ...
Toronto Condo Tower Takes Title as Tallest Residential Skyscraper in Canada
February 17th, 2012
Toronto Condo Tower Takes Titles as Tallest Residential Skyscraper in CanadaBy Susan Pigg
www.thestar.com
The battle of the biggest has just escalated three storeys.
Canderel’s Aura condo project at Yonge and Gerrard Sts. has regained the title of tallest residential skyscraper in Canada thanks to a committee of adjustment decision that will see it stretch to 78 storeys once construction is ...
Exclusive Economic Outlook Event
February 7th, 2012This event is an excellent opportunity to get an inside perspective on the Canadian Economy, whether you are buying or selling, starting your career or retiring, investing saving, or simply educating yourself.
Space is Limited! ...
Toronto Real Estate and Schools - Do Good Test Scores add up to Higher Real Estate Prices?
February 6th, 2012
Toronto Real Estate and Schools - Do Good Test Scores add up to Higher Real Estate Prices?By Susan Pigg
www.moneyville.ca
John Pasalis has seen dozens of moms-to-be in a panic and dads clutching spreadsheets of school scores walk into his Leslieville office during his years as a real estate agent.
He’s come to realize that when it comes to the hard math of buying a home, good schools count a ...
9 Tax Deductions Canadians Often Miss
January 26th, 2012
9 Tax Deductions Canadians Often MissBy Madhavi Acharya-Tom Yew
www.moneyville.ca
Does the looming tax deadline have you gritting your teeth? We all have to pay our taxes. And nobody wants to pay too much.
“Unfortunately, people tend to pay more tax than they need to because they do tend to overlook some of the savings they can take advantage of,” said Carol Bezaire, vice-president, tax and ...