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Joint Ventures
A joint venture is where individuals, corporations, partners, or a mixture of, agree to join together with the purpose of achieving a common business or investment activity. Usually the union is to complete a specific project to earn income but could also be set up to complete a research or a product development goal. Ideally a joint venture is a properly […]
The Principle Residence – Mortgage Financing
Your investment in a principle residence can provide a number of income tax advantages that can help you to reduce overall taxes and help to increase your net worth. Various leveraging methods to help you achieve mortgage financing are available. Mortgage 101 Your basic financial planning should be to arrange the ability to pay off your mortgage quickly. Request options that allow you the ability to pay down your mortgage […]
Income Splitting – Investments
In Canada; the spouse who provides money for an investment is taxable on the earnings. If one spouse is in a lower tax bracket, or you expect one spouse will be mostly staying home with the responsibility of managing the household, or one spouse is expected to earn more because of their expected career advancements or business ventures; then you must make plans […]