Financial Library

Insuring Your Mortgage Through Lenders

Posted on: April 11, 2016

Marc and Lorna just bought a house and, like most home buyers, they needed a mortgage. During the financing process, they were offered mortgage insurance by the lender. They wanted to know more before taking the coverage.

Do we control the policy? Because the coverage is usually a group plan, the agreement is actually between the lender and the insurance company. Marc and Lorna would be insured under the policy and pay the premiums, but the lender would be the beneficiary and receive all proceeds on death.

Tags: 
mortgage
insurance
mortgage insurance

Spring Time!

Posted on: April 11, 2016

We’ve had some beautiful weather to welcome in April this year and are excited to welcome in the Spring. Other than Income Tax due on April 30th, it’s a wonderful time of year! We’ve made good use of our porches already and have got the BBQ out a little too.

Upcoming Tax Season

Posted on: March 7, 2016

With the RRSP Deadline now a couple weeks behind us, it’s time to focus on the upcoming Tax Season. The “T” slips for any Non-Registered Investments should be arriving soon if they haven’t already. You should have got all of your RRSP Contribution Receipts which will be very important for Tax Reduction and your Annual Statements will have shown up in February. Please keep track of these Annual Statements, especially the ones for Non-Registered Accounts. There is often important information regarding Capital Gains and Capital Losses.

RRSP Season

Posted on: February 8, 2016

By the time you read this, we’ll have about three weeks left to get your RRSP Contributions in for the 2015 Tax Year. The final cut off is February 29th due to the Leap Year. The maximum amount this year will be $25,370. I’ll be busy seeing clients throughout February and really won’t stop until March. Please contact me right away if you’d like to get a Contribution in.

Happy New Year!

Posted on: January 11, 2016

We hope that everyone had a nice time over the Christmas Holidays and a good finish to 2015. The girls and I enjoyed some down time over the last week of December and Natalie and I got some things done around the house. It was a fairly quiet Christmas but a very nice one.

Season's Greetings!

Posted on: December 7, 2015

On behalf of Natalie, Vienna, Berlin, London & myself, we wish you all the best over the upcoming holiday season. We will be staying in Calgary this year and will be out of the office from December 22nd to January 3rd.

Our Annual Portfolio Strategies Christmas Party will take place at the Calgary Tower on December 18th which we're really looking forward to. After that, it should be a busy Christmas at the Borden household with three excited little girls!

Please let me know if there is anything that we can do for you before the break and have a Happy New Year!

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