Condos are selling like hot cakes in Vancouver right now. New developments allow investors to secure a brand new unit for a deposit as low as $5,000. The intention of this blog post is not to talk about the risk of an interest rate hike or a condo market downturn. The intention is to remind investors to plan for a day three years down the road when the unit will be completed and mortgage financing will be required.
The only initial ... Read More
We recently published a blog post on small business corporate tax rates in British Columbia heading downwards to 11.5% on the first $500,000 by 2019. This reflects a 15% reduction in taxes from the current 13.5%. Considering that taxes are a big-ticket expense item for businesses, a 15% reduction is a huge discount. However, upcoming corporate tax rate reductions are only advantageous to businesses that can leverage them.
Successful proprietors are often burdened ... Read More