B.C. Renter’s Tax Credit

General 5 Mar

Are you getting prepared to do your income taxes? If you are a renter and make under $80,000 there is a tax credit waiting for you. The nitty gritty is that if you make less than $60,000 you will get a $400 tax credit by filling out Form BC479 2023. This is the same form […]

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Changes in Property Transfer Tax expected April 1st

General 22 Feb

Property transfer tax exemptions While the province is aiming a new tax at would-be speculators, it’s also unveiling a tax break for first-time homebuyers and rental housing developers. As of April 1, 2024, the threshold for the exemption to the property transfer tax for first-time homebuyers is being lifted from properties costing half a million […]

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Seize Your Mortgage Benefits: Top Actions Before February 29!

General 24 Jan

With tax season around the corner, we wanted to get this in your hands, being committed to your financial success. Key Points: Potential Tax-Deductible Mortgage Interest: Your mortgage statements are enroute in the mail or on your online portal with your lender. Consult with a tax specialist and financial advisor to unveil potential deductions, reducing […]

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Bank of Canada Holds Rates Steady and Forecasts a Soft Landing

General 24 Jan

The Bank of Canada Holds Rates Steady And Expects Rate Cuts Later This Year Today, The Bank of Canada held the overnight rate at 5% for the fourth consecutive meeting but provided an outlook suggesting that monetary easing will begin by mid-year. The Bank forecasts a soft landing for the Canadian economy, with inflation falling […]

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Understanding Adjustable-Rate Mortgages: A Comparative Analysis

General 23 Jan

As part of our commitment to keeping you informed about mortgage options, we wanted to share important insights on Adjustable-Rate Mortgages (ARMs) and how they compare to other mortgage types. Below is a summary of key points for your consideration: What You Should Know: ARMs have an interest rate and payment amount that can change. […]

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