Guest Blog - Alyssa Strickland
If you’re looking to invest in your long-term financial security and generate monthly income, investing in a rental property is one of the most tried-and-true methods of doing so.
People are saving more than ever and have various Registered Savings Plans (like RRSPs, RIFFs and TFSAs) and other investments (stocks, bonds and real estate). Even the simplest estates are beyond the expertise of someone who is not a professional accountant or lawyer.
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If the buyer fails to, or decides not to, submit the deposit, the offer falls apart because the signed contract without the deposit was never a fully executed agreement to begin with. The contract didn't materialize completely by just the two parties signing.
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So, you’ve recently been promoted, and you are finally getting that well-deserved raise that you’ve been wanting. Then, somewhere in the depths of your memory, you recall these things called “tax brackets”. Maybe… just maybe, this raise is going to increase your tax burden…
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