If you have your own business in Canada, there are a number of tax deductions that you could be taking advantage of. These can help you reduce the overall amount of tax that you are paying at the end of the year and in some cases, they can even help you get a refund. Many business owners, however, may not be aware of all the tax benefits that they are eligible for. Here is an overview of some of the tax deductions you might be able to claim.
Every home at some point is going to need a renovation. Whether you are replacing roof shingles, updating your kitchen, or building a whole addition, home improvements are rarely cheap and most people don’t have enough cash on hand to pay for them outright. Fortunately, there are a number of ways a mortgage loan can help you pay for your renovation.
The following are three types of loans that make use of your home equity and that can help pay for your home improvements.
If you are in need of a lump sum of money and have equity built up in your home, then a second mortgage is often one of the best ways to get the cash that you need. Before you apply for a second mortgage however, it is important to know a few facts about them.
When you imagine someone who has been turned down for a mortgage by a traditional lender, chances are you envision someone who has damaged credit or who has very little in savings. You may be surprised to learn however even the most financially responsible people who don’t owe anyone a penny can sometimes get turned down for mortgages. And some of the reasons may surprise you. Here are five surprising reasons why you might get denied a mortgage.