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 […]

If you own a small business and are struggling right now, here are some helpful resources that will provide support. Angela Calla is a 16 year award-winning woman of influence mortgage expert. Alongside her team, passionately assisting mortgage holders get the best mortgage, and educating them on The Mortgage Show on CKNW for over a […]

In his morning address to the nation, Prime Minister Justin Trudeau on Wednesday announced expanded eligibility rules for the Canada Emergency Response Benefit and a plan to top up pay for some essential workers amid the novel coronavirus pandemic. The CERB will become available to Canadians who have exhausted their employment insurance (EI) benefits since Jan. 1, seasonal workers who can’t […]

A bit about rates and government programs for those who are interested in some of the plumbing behind the scenes. With the Bank of Canada (BoC) dropping the overnight rate multiple times, we have seen lenders’ prime rates drop. But not all at the same time. The reason is, for many lenders like MCAP, something […]

Mortgage payments: What are some common ways you can make mortgage payments? What do amortization periods mean for homeowners? You can make payments monthly, accelerated biweekly, semi-monthly or weekly. It’s important to protect yourself for things out of your control. When we set up a mortgage for any client, we always set them up with […]