Get The Full Picture Of Your Finances
Jun 10 2020
A friendly reminder from your Auxilium Mortgage Team as property tax time approaches!
Do you know where your last Notice of Assessment (NOA) is filed? If you're like most Canadians, you either stuffed it in the back of a drawer somewhere or recycled it after you checked the amount of your tax refund. Here are 5 reasons you should keep track of it:
It may seem counter-intuitive to think about refinancing your mortgage right before your income taxes are due. After all, how are they even related? The reality is that your mortgage is probably the single largest debt you carry, and you're paying it off with after-tax income.
As we previously wrote, the B.C. government has considered changes to the additional tax on foreign home buyers in Vancouver in order to remain attractive to prospective employees. On March 17, the province confirmed the scope of their changes.
Victoria is now second only to Richmond in the number of residential real estate transactions in this province involving foreign buyers. According to data from October, 6.3% of the sales in the Capital Regional District were to non-residents. This volume is almost double the amount of September transactions.