The new mortgage lending rules announced last week are effective Monday, July 9, 2012. This means that your Clients still have time to take advantage of some of our unique refinancing options up to 85%:

XCEED XTRAGREEN™ Mortgage

Clients can refinance to add value to their home with eco-upgrades like new windows or energy-efficient appliances. XCEED XTRAGREEN™ refinance also covers debt aquired via car loan towards the purchase of a hybrid or electric car. Low interest rates (posted less 5 BPS) means more Green at home and in their wallets!

XCEED PREP™ Mortgage

PROMOTING RESPONSIBLE EDUCATION PLANNING

Clients receive $500 cash-back towards contribution to a Registered Education Savings Program (RESP).

XCEED RRSP Mortgage

Clients receive a $500 cash-back from XCEED towards a Registered Retirement Savings Program (RRSP).

XCEED Simplicity Mortgage

The best fit for Clients looking for a longer-term solution, Simplicity is priced at posted less 20 BPS and offers flexible payment options and 10/10 prepayment privileges.

30 year amortization available on these XCEED

refinance solutions until Monday, July 9, 2012.

Please note that effective immediately and for the foreseeable future, we have changed rate reductions on XCEED XTRAGREEN Mortgage™ by 5 BPS and removed discounts from XCEED RRSP Mortgage and PREP Mortgage™.

From MoneySense, Canada’s Personal Finance Website
23FEB2012

RRSP Myths

People come up with all kinds of reasons for not using RRSPs to plan for retirement. Gail (Vaz-Oxlade) debunks the three most common misconceptions.

Routinely I get letters from people who tell me why RRSPs won’t work for them. I’m not sure if they’re trying to convince me or themselves. Most of their arguments are based on misconceptions like these:

Read full article here.

RRSP vs. TFSA: Tim Cestnick on where to put spare dollars

Globe and Mail
Published Wednesday, Jan. 18, 2012

“My aim today is not to run through the many rules around these plans. But as a refresher, here are the basics: There are limits to how much you can contribute to RRSPs and TFSAs alike. You’ll find your RRSP contribution limit on your Notice of Assessment that you received after filing your tax return last year. As for your TFSA, you can contribute $5,000 annually and have been able to do so since 2009 (for total contribution room of $20,000 in 2012 if you haven’t made any contributions to a TFSA yet).”

Read the full article here.

Twenty-twelve is a year of opportunity! This is not residual holiday cheer talking; nope, I am positively optimistic that this year will see us collectively implementing lessons learned and taking control of those things that matter, like financial security, comfortable retirement and maybe even having a little fun! Out with the old dystopian gloom and in with the promise of living longer, better and happier. How? Well, quaint though it may sound, I find it best to start with a plan and take small steps toward clearly defined goals. After all, the best way to prepare for whatever comes our way is to, well, be prepared.  This post provides some information on RRSPs and hopefully invigorates your savings strategy for 2012.If long-term saving is your goal, then an RRSP may be your best bet: withdrawal penalties make it difficult to plunder; direct deposits allow you to pay yourself first without any noticeable impact on day-to-day finances; tax refunds can be used to pay down other debt and many companies offer matching programs that help your own contributions grow even faster. Continue reading “Some Tips for RRSP Season” »

XCEED is doubling the amount of our RRSP contribution to $1000 until February 29!

XCEED RRSP Mortgage offers Canadians a reduced rate on funds borrowed towards contribution to an existing Registered Retirement Savings Plan (RRSP).

The minimum borrower contribution from funds borrowed is $1000 and XCEED contributes $500 to same RRSP; however, until February 29 XCEED’s contribution will be doubled to $1000, making a total contribution of $2000 – all on a competitively priced refinance. Continue reading “RRSP Season Promotion!” »

Download brochure here or order some for your office

Retirement in Canada: How much is enough?

“Every Canadian needs $2-million in RRSP contribution room to achieve parity with public-sector defined benefit pension plans, the C.D. Howe Institute says.

As things stand, the system punishes those with defined-contribution pensions in the private sector and those who rely on what little RRSP room is granted them, says James Pierlot, principal with Toronto-based Pierlot Pension Law.”

Read more: Canada urged to end ‘pension apartheid’ | RRSP | Personal Finance | Financial Post.

The minimum required contribution from funds borrowed is $1000. In addition to rate savings, XCEED will contribute $500 to same RRSP. This means a minimum contribution of $1500.