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Friday, July 29th, 2016

Work longer but work smarter – Consult with a Vancouver Mortgage Broker

For most of us, the concept of retiring at 55 is dead. It is dead because many would struggle to finance a retirement that will last 30 plus years, but also dead because many people are realizing that they don’t actually want to be retired for 30 years. Since 1975, the average number of years […]

Three things to do with your money besides an RRSP – Ask a Vancouver Mortgage Broker

With the March 3 RRSP deadline fast approaching, you may be wondering whether you should join the herd and make that RRSP contribution in time to be able to claim the deduction on your 2013 tax return. Whether or not you decide to contribute to an RRSP this year depends on a number of factors, […]

TFSA or RRSP? Here’s how to decide – Consult with a Vancouver Mortgage Broker

NOREEN RASBACH-  The Globe and Mail Kuly Gill is every financial planner’s dream. The Calgary lawyer, in his 30s, owns a house, drives an older car and forgoes some annual vacations to save more for retirement. “I live cheap and put everything away,” he says. His investment strategy is simple: Contribute the full amount allowed […]

Is using your RRSP to buy a house passé? – Ask a Vancouver Mortgage Broker

The $25,000 Ottawa allows you take out of your retirement fund to buy your first home sure doesn’t go as far as it used to. Under the home buyers’ plan, Canadians can take $25,000 out of their registered retirement savings plan and pay it back over the next 15 years without incurring any penalty. For […]

TFSA or RRSP? Try these five tests – Ask a Vancouver Mortgage broker

By: Gordon Pape Building Wealth, Published on Sun Feb 17 2013  There is a lot of confusion over whether it’s better to use an RRSP or tax-free savings account (TFSA) to save. Unfortunately, there is no easy answer. There are several variables to consider. To simplify matters, I’ve created five tests that you can apply to help you […]

Majority of Canadians stress about finding RRSP cash – Adil Virani Vancouver Mortgage Broker

Canadians who are stressed about the annual RRSP deadline are not alone according to a new study that found 60 per cent of respondents feel anxious about coming up with the money for their retirement savings. And almost half of respondents to the survey – 49 per cent – who make an annual RRSP contribution […]

Don’t take an RRSP loan, unless…

Maxing out your RRSP is a smart move, but for most people an RRSP loan isn’t the way to do it. Despite promises of stellar long-term growth and the dangling carrot of big, fat refunds, people are finally figuring out that the only beneficiary of an RRSP loan is the lender, unless… 1. You’re in […]


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