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government: Tax Free Savings Account introduced - 01/12/09 09:33 PM
If you've been paying any attention at all, you'll have heard about the Canadian government's latest savings scheme. For once, it seems to have few, if any flaws.
in a nutshell, you can contribute $5000 per year into the account and then take it out again whenever you like...tax free. Once you take it out you can still put it back again later.
Here's the link to the official information site, that for once, is informational:
http://www.budget.gc.ca/2008/pamphlet-depliant/pamphlet-depliant2-eng.asp
 
Robert J. Morrow is editor of www.HamiltonHomeReview.com, an online real estate magazine serving Greater Hamilton, Ontario. Click here for a FREE SUBSCRIPTION sent … (0 comments)

government: Government buys $75m in Bank Mortgages - 11/17/08 11:53 PM
Finance Minister Jim Flaherty pledged today to triple the amount of mortgages the government can buy from banks to as much as C$75 billion ($61 billion). He also reduced the cost for banks to tap a government loan insurance program by 50 basis points after it went unused at the initial premium of as much as 185 basis points, or 1.85 percentage points.
What does this mean to the average Buyer contemplating the purchase of a home?
Flaherty admits that Canada's banks are amongs the world's safest but does that assure consumers that our banks can still provide not only competitive … (1 comments)

 

Robert Morrow

Hamilton, ON

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Blog by Hamilton Home Review's editor, Robert J. Morrow, a licensed Realtor with Chase Realty Inc., in Ancaster, ON, Canada.


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