We’ve often heard of filmmakers and producers who mortgage their homes to complete their oft-dreamed-about movie. Financing is a chronic problem in the art world. But for a musician to mortgage his home to see a movie that an experienced producer declares a big risk? Pretty rare indeed!
The Tax-Free Savings Account (TSFA) is frequently recommended to young people as the savings vehicle of choice if they earn a low income at the start of their careers. As a result, these young people have a low deduction rate for an RRSP contribution, so it is better for them to contribute to a TFSA. Later, when they are earning more, it will be more advantageous for them to transfer the money from their TFSA to an RRSP.
But when it comes to buying a home, should these young people transfer the money they have accumulated in their TFSA to an RRSP and use the Home Buyers’ Plan (HBP) strategy? Continue reading →
On a chilly winter night, you’re enjoying the comfort of your living room to relax and finish reading a novel. But your mind is wandering and you start looking around the room. You realize that it’s been awhile since you changed the decor. A little makeover would perk things up.
However, your budget restrains your creative impulses. That’s okay: wall decals—adhesive wall decorations—can enhance your decor without breaking your piggy bank.
Imagine the entire wall of a living room covered with wallpaper of a sunset. Today, this mural is available in the form of a decal. It’s easier to install than wallpaper, so it’s faster. What’s not to like? Continue reading →
Articles on home financing, home decor & renovations