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Best Money Transfer with Tangerine

I never thought banking would be so easy with Tangerine now. Let’s face it but as a family, rarely do we deal with just one bank. We either have a loan for X over there and a mortgage over here and our pay comes into this other bank. If you have everything at the same bank, you either have amazing negotiating skills or you are leaving money on the table for the benefit of consolidation. Keeping everything consolidated is what we all want really and the banks know that so they don’t always have an incentive to give you what you want. Related: Tangerine – My Switch to NO Bank Fees Just recently, I started discussing renewing my mortgage and I was sensing a reluctance to not match the mortgage rates from mortgage brokers. What? You certainly do not know me as I will move away with ...
Interest Rates

Smith Manoeuvre – When Should You Consider It

The Smith Manoeuvre is a strategy that allows Canadian home owners to convert their mortgage into a tax deductible investment. It’s often referred to as the Canadian Tax Deductible Mortgage. South of the border, our American friends benefit from having the interest on their mortgage as tax deductible where as in Canada, none of those benefits exist. The interest paid on our mortgage is paid with after tax income. Not so long ago, The Smith Manoeuvre found a way to convert the biggest debt individual would take over a lifetime into a tax deductible investment. The first time I read that, I was ready to jump with both feet but once I understood the process, I was a little reluctant due to the cash flow requirements. I realized that while it’s a good thing to get tax credit wherever ...
Where To Invest

How To Spot Dependable Dividend Stocks

During my investing journey, I have learned to look for dependable dividend stocks. The highest dividend yield may be attractive but it’s not a criteria for a dependable dividend stock. Those stocks are investments I can buy and let them work for me. Criteria to Spot a Dependable Dividend Stock The Business What’s the business? Is it a reliable and necessary business to our lives? Many companies can pay dividends, only some can really pay the dividends for a long long time and even less can pay and increase the dividends regularly. The type of business can highlight how long they will be around for and how long they have been around as well. Just to highlight the obvious, the following sectors are necessary to our economies.Energy (producers, distributors and pipelines) Finance ...
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