Blog tagged as Government Programs

In as many weeks, Canadians got another big announcement when it came to mortgages last week, and it may lead some to think, what's next? After the federal government announced surprise changes to amortization and maximum purchase prices for insured mortgages a couple weeks ago, the Office of t...

This week started with quite the surprise announcement by the Federal Government as it was announced that they were making the 'boldest reforms in decades' regarding Canada's mortgage system. The announcement of the two major changes was definitely surprising to everyone as it was ...

So, let's talk about the new CRA T3 filing requirements for people who have co-signed on a mortgage. You might be wondering why this is even a thing, and what it means for you. Well, don't worry, because I'm here to break it down for you. First things first, let's quickly go over what a co-signer is...

The First Home Savings Account (or FHSA) is a government program designed to help Canadians save money for purchasing their first home. It's a special type of registered savings account that allows you to deposit money on a tax-free basis, with the added bonus of earning tax-free income on the inves...

Managing a mortgage is a journey that requires careful navigation. Mortgage brokers understand the challenges and uncertainties homeowners face when it comes to their mortgage payments. Today's economic climate can be unpredictable, but with the right strategies, you can manage your mortgage effecti...