Chris Friesen

http://www.cbc.ca//bus/laurentian-bank-mortgages-1.4433982

One of our lenders sent this out, it’s a good piece of information. This is for anyone with > than 20% down payment. Although, nearly the same applies for 5-20% down payment as well.

More Liberal tax increases for small business owners... What You Need To Know Today, federal Finance Minister Morneau announced the launch of consultations aimed at implementing tax code changes to tax planning strategies involving the use of private corporations. If your business is privately incorporated you may be impacted by the proposed changes.... The Rationale The government feels that making changes to the way some Canadians use the small business tax rules will improve the fairness of Canada’s tax system because many of the richest Canadians are unfairly exploiting the tax rules designed to help businesses thrive. The government has launched consultations, with an October 2, 2017 deadline specifically on amending the following three tax practices that are, from the government’s perspective, being used to gain unfair tax advantages: Income Sprinkling Diverting income from a high-income individual to family members with lower personal tax rates, or to those who may not be taxable at all. Passive Investment Income Some individuals retain passive investments in a corporation, taking advantage of the fact that corporate income tax rates are much lower than personal tax rates for higher-income individuals. Capital Gains Converting a private corporation's regular income into capital gains to take advantage of the lower tax rate.

Bank of Canada hikes key interest rate for first time since 2010 Governor Stephen Poloz and senior deputy governor Carolyn Wilkins will hold a news conference today at 11:15 a.m. ET to talk about interest rates and the state of the economy. Watch it here live. http://www.cbc.ca//bank-canada-interest-rate-monetary-poli

5 year Bonds are skyrocketing - Expect rate increases on mortgages rates in the coming days Money Market is predicting 73% chance of a increase to the prime lending rate in July, which affects variable/adjustable mortgage rates