Canadian banks are expected to tighten access to home equity lines of credit (HELOCs) when coronavirus-linked government assistance programs end in a few months, as lenders seek to limit credit to already-stretched borrowers, industry watchers said. Such lines of credit — which allow homeowners to borrow back equity in their properties — have seen limited […]

How You Can Access Online all your Interactions with your CRA and Service Canada Accounts Online, Anytime! My Service Canada Account (MSCA) is a secure online portal that lets you apply, view and update your information for: Employment Insurance (EI) Canada Pension Plan (CPP) Old Age Security (OAS). And now also any of the many […]

Federal Government Update Canada Emergency Commercial Rent Assistance Today, the federal government announced commercial rent support for small businesses in conjunction with the provincial government. We are still expecting additional details, we will keep you informed as updates become available. The government is offering qualifying commercial property owners forgivable loans through the Canada Mortgage and Housing […]

Gary Mauris recently spent an hour on a live zoom webinar with “The Wealthy Barber David Chilton”. WATCH THE FULL WEBINAR HERE Summary of the conversation: David believes residential mortgage rates are going to remain low for a very very long time and he says he does not like to make predictions but this one […]

Reduction in RRIF Minimum Withdrawal Minimum withdrawals must be made from an individual’s Registered Retirement Income Fund (RRIF) beginning in the year after the RRIF is established. These minimum withdrawals are based on the individual’s age and are calculated as a percentage of the fair market value of the RRIF assets at the beginning of […]

Provincial Government Update: BC Emergency Benefit for Workers Benefit: The BCEBW is a one-time, tax-free $1,000 payment for British Columbians whose ability to work has been affected as a result of the COVID-19 pandemic. You are eligible if you: have been a resident of British Columbia on March 15, 2020; meet the eligibility requirements for the […]

As the battle against COVID-19 rages on, one of the sadder casualties of our shuttered and anxious economy has been the savings of older Canadians, most of whom do not have a defined benefit, defined contribution or any type of non-government pension to rely on in the best of times. Now, faced with the same […]

Following the March 19th, 2020 announcement that British Columbia was entering a State of Emergency due to the ongoing COVID-19 Crisis, legislative changes, as well as federal and provincial government support programs were rolled out to assist people facing a loss of employment, loss of income, and other hardships brought on by this pandemic. The […]

We are so honored to have the privilege to help so many families strategize and plan for their financial health through these difficult times. Being awarded the top 2% of mortgage brokers wouldn’t be possible without all the members of our amazing mortgage family! The opportunity to help so many of you every day reminds […]

Looking for some mortgage clarity during these difficult times? Watch a webinar we did with the Langley Chamber of Commerce so we can help you explore your options. For options specific to your situation feel free to reach out to us at callateam@dominionlending.ca WATCH HERE Angela Calla is a 16 year award-winning woman of influence […]