Financial Literacy: Understanding how the Smith Manoeuver works
In Canada, interest paid on your mortgage for your personal residence is not tax-deductible. The Smith Manoeuvre is a strategy used to convert the interest you pay on your mortgage…
Banks’ Q4 profits likely to plunge due to slower lending growth
The subdued loan growth brought about by the economic ravages of the COVID-19 pandemic could cause Canada’s largest banks to suffer significant drops in their Q4 profits, industry analysts said. The declines,…
How to maximize your ROI on a Vancouver condo flip
Vancouver has long been Canada’s most expensive real estate market, which can make flipping homes a tricky endeavour. In a city where the benchmark price of a detached house increased…