Tenants in Common vs Joint Tenancy: Which is Better?
Joint tenancy is a type of property co-ownership structure that allows two or more people to own an undivided interest in an estate, such as…
Month: June 2022
What is an Inter Vivos Trust?
An inter vivos trust is a type of trust that is established during a settlor’s lifetime. The settlor is the person who wants to set…
What is a Pooled Registered Pension Plan (PRPP)?
A Pooled Registered Pension Plan (PRPP) is a type of pension plan for employees or self-employed owners who do not have the option to participate…
How Do Group Registered Retirement Savings Plans Work?
A group registered retirement savings plan (Group RRSP) are employer-sponsored RRSP savings plan similar to an individual RRSP plan. Group RRSPs are governed by tax…
Canada Housing Outlook for 2022
Canada’s home price growth, sales levels, and housing starts are expected to moderate but remain elevated, according to the Housing Market Outlook report published by…
Accelerated Bi-Weekly vs. Bi-Weekly: Which is Better?
An accelerated bi-weekly payment frequency can save you thousands in interest and cut years off your mortgage compared to a bi-weekly payment option. In the…
How Does a Spousal RRSP Work?
A spousal RRSP account allows one spouse to contribute to their spouse, common-law partner, or same-sex partner’s registered spousal RRSP account. Setting up a spousal…
What are Restrictive Covenant?
A restrictive covenant restricts the use of a land for the benefit of another piece of land. The restriction on the land usually requires something…
How Does a TFSA Work?
Tax-free saving accounts, more commonly known as TFSA, were first introduced in 2009 by the federal government. Similar to the idea behind the RRSP, it…