The rate of mortgages overdue by three months or more in Canada has been gradually increasing but remains historically low, according to the Canadian Bankers Association.
Mortgage Administration FSRA #12924
Investing your TFSA (Tax-free Savings Account) funds in Mortgage Investment Corporations (MICs) or direct mortgages offers potential for tax-free income and diversification within your investment portfolio. Here’s a step-by-step approach to get started:
Investing your RRSP (Registered Retirement Savings Plan) funds in Mortgage Investment Corporations (MICs) or direct mortgages offers potential for tax-deferred growth and portfolio diversification. Here’s a step-by-step guide to help you get started: