Irene Aryamanesh

01/31/2019

05/13/2017

I work with a very strong team that can help you finance your expenses. Our products includes the following:
Business Line of Credits or Loans, Refinancing, Home Equity Loans, and Mortgages (Residential and commercial)

05/26/2016

03/23/2016

WHAT THE 2016 BUDGET MEANS FOR YOU
The new Liberal government delivered its first federal budget on March 22 in Ottawa.
While you’ve probably seen plenty of media coverage, I thought you would appreciate an overview of how some of the budget items relate to investments and taxes.
Prime Minister Justin Trudeau spent heavily in this budget, leading to a projected $29.4-billion shortfall this year. The good news? Part of that spending may benefit you:
OAS eligibility returns to age 65 – great news for folks born April 1, 1958 or later.
The Canada Child Benefit replaces the Canada Child Tax Benefit and the Universal Child Care Benefit. The CCB is tax-free, unlike before, and government says nine out of 10 families will receive more in child benefits than under the current system.
The bad news is, the government also took things away:
Switches between corporate-class funds will no longer be tax-free after September 2016. If you are planning to change funds, let’s talk about re-balancing prior to then.
The promised small business tax cut has been frozen at 10.5%. If you’re a business owner, let’s talk about other ways to save tax.
Special tax treatment for insurance policy transfers to corporations. If you own a business and were planning on doing such a transfer, we should revisit that strategy, as it’s no longer tax-advantaged.
The Children’s Fitness and Arts Tax Credits will be phased out by 2017.
There will no longer be education and textbook tax credits as of January 1, 2017, but the impact should be relatively minor.

03/17/2016

02/27/2015

Three ways to pay off your mortgage faster

1. Pay more than the minimum

Let’s say your mortgage is $1,000 a month but you can comfortably afford to spend another $200. Doing so will reduce the amount of interest you pay and save you years of mortgage payments

2. Make a lump-sum payment every year

This could be your tax refund, your annual bonus or any windfall that falls into your lap. “Even an increase to your mortgage payment of $25 to $30 will result in significant time taken off your mortgage repayments,”.

3. Make accelerated biweekly payments

What’s better: paying $1,000 a month or $500 every two weeks? The latter strategy comes out ahead. For a truly accelerated program, divide your monthly mortgage payment in half and make that payment every two weeks. This means you’re ultimately making 26 half-payments in a year, the equivalent of one full additional monthly payment. “The 13th payment is what we call the accelerant. It allows you to get that mortgage paid down faster,”