Financial Power

Important Keys To Personal Financial Success. Good Quality information About debt consolidation, insurance, saving money, practical investing and financial planning.

The New Canadian Mortgage Rules

| February 21, 2010

The Canadian housing bubble might really cool down as the Canadian government has made changes to the mortgage lending rules. The new changes are to take effect on April 19th, 2010. Now when interest rates are at historic low, home buyers are purchasing homes often without careful consideration about the effects of higher interest rates, [...]

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Choose the right savings vehicle for your dreams.

| February 9, 2010

While few Canadians may feel they don’t have enough tax-friendly savings vehicles, most ordinary working Canadians are well pressed even to maximize the contribution room they already have for their registered retirement savings plans. Unfortunately, personal contributions in RRSPs have declined for more than a decade and will continue to do so as Baby Boomers [...]

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