(This wealth management solution is specifically designed for affluent families who's networth is $10 million dollars or greater)
chris's blog
Financing Tip
In Ontario, a few lenders can provide you with mortgage loan amounts of $200,000 – $1 millionto keep building your real estate empire.
But that statement must be qualified by saying that the investment properties in question must generate enough revenue to support themselves.
There are a handful of lenders that will finance the properties using this technique starting at property #6; however a couple of lenders have been known to use this highly beneficial strategy to finance investor purchases even if they have fewer than 6 properties.
Let Revenue Canada pay for your move!
A penny saved is a penny earned!
Eligible moving expenses can be deducted if you move at least 40 km closer to a new job or to carry on a business.
Eligible moving expenses include:
Powers of Attorney Explained
Powers of Attorney are key legal documents that are part of an effective overall wealth & estate plan.
Lisa Toner, an Estate & Trust lawyer, with Sorbara Law in Kitchener has written two articles that do a great job of explaining the two types of Powers of Attorney:
Tax Planning More Important Than Ever
Good morning all. I am at Holt Renfrew drinking expresso and waiting for Michelle, my significant other to finish with her hair appointment. Anyone else realize that this is a 4-hour experience?
Anyway, as you may know, I am not a tax lawyer, CA or CPA. I am a student at the Thomas Jefferson School of Law working at masters in international tax law. The other day one of my professors (Sails) came up with a very interesting Venn diagram. I will try and draw them below.
The Only Relevant Investment Benchmark
Most people agree that bad habits are hard to break. The unfortunate reality, though, is that the global investment management industry has developed a really bad habit over the past several decades:
Convincing investor clients that their goal should be to try to consistently outperform the various stock & bond market indices.
