Tonight we met with the Finance Minister, Bill Morneau, to talk about the impact of the recent changes to the mortgage rules. He advised there are no plans for further tightening and was happy to hear from us that housing prices have started to soften, which was their intended goal. I stressed my concern about CMHC pulling bulk insurance and the impact it’s had on the smaller (mono line) lenders and the eventual impact of higher costs for borrowers, due to lack of competition. Essentially, he said he had no choice but to slow down the drastic increase in house prices–what the government perceives to be the number one threat to the Canadian economy.
Canadian Wealth Masters recently had the pleasure of a visit from Jack Canfield in Toronto. Jack is a real inspiration to everyone, with profound wisdom to share on how to be truly successful in whatever you choose to do!
Working with people from all walks of life, from full-time moms to CEOs at large companies, I’ve distilled many universal truths about success. There’s a secret I’ve learned that works quite well at helping you to achieve what you want: Decide what you want. —Jack Canfield
Successful people maintain a positive focus in life no matter what is going on around them. They stay focused on their past successes rather than their past failures, and on the next action steps they need to take to get them closer to the fulfillment of their goals rather than all the other distractions that life presents to them. —Jack Canfield
If you are not moving closer to what you want, you probably aren’t doing enough asking. And you’re probably not asking the single most important question that can help you achieve a higher level of success and personal fulfillment: How am I doing? —Jack Canfield
Here’s The Key To Securing Your Destiny As A Millionaire Or Multimillionaire… No Matter What You Have Right Now.
I want to ask you an important question.
Are you “there” yet?
Have you arrived at where you want to be in life?
Maybe it’s to be a multimillionaire. Perhaps it’s to own a million dollar’s worth of real estate, and to retire with your feet up on a beach somewhere tropical.
Whatever your personal destination is, you’re obviously not “there” yet… or you wouldn’t be reading this!
Now, we could spend a whole bunch of time talking about why.
But let’s just skip to the part where I tell you the good stuff, which is:
It doesn’t really matter why you’re not there yet.
What matters is that you get there… and you do it pretty soon, right? Well, here’s the deal.
There IS a secret to become a multimillionaire.
There IS a way of getting all the resources you need…. and of getting yourself on the fast track to make it happen.
It works whether you’re a real estate investor, a coach or speaker, a financial agent or a salesperson. In fact, it works in just about any industry.
The really exciting part is… when you know and apply this secret, becoming a multimillionaire is a virtual certainty!
Now, I realize that’s a bold claim. So before I reveal this secret to you, let me explain how I discovered it… and how I know it works….
I will see you on Saturday, March 25th with Jack Canfield in Toronto.
Use the first 60 days of the year to max out contributions to your RRSP. You have until March 1st, 2017 to reduce your 2016 income and get a higher tax refund.
There are several advantages in maxing out your contributions to your RRSP. All of the income you earn in the plan is exempt from tax (as long as the funds remain there). Additionally, you can withdraw tax-free funds from your RRSP for qualifying home purchases.
The Home Buyers’ Plan (HBP) is a program that allows Canadians to withdraw up to $25,000 in a calendar year from their RRSPs to buy or build a qualifying home for themselves or for a related person with a disability.
Under this plan, only first-time home buyers are eligible to participate, unless the special rules for persons with disabilities apply.
Each spouse or common-law partner can withdraw eligible amounts under the HBP from any RRSP under which he or she is the annuitant. Each person can withdraw up to the $25,000 limit, or $50,000 if purchasing the property jointly.
Any RRSP contributions made must remain in the RRSP for at least 90 days before they can be withdrawn under the HBP. After 90 days, the RRSP may generate a tax refund, which can then also be applied toward the down payment.
You have up to 15 years to repay to your RRSP from the second year following the year of withdrawal. If the required repayment is not made, the owing amount will have to be included as income in the year of the shortfall.
This is an excellent opportunity to save for your first down payment. Make sure you make use of it!
Brian d’Eon and Canadian Wealth Masters were recently featured in a video on Canadian Real Estate Wealth’s web site!
Here, Brian is discussing the benefits of attending real estate networking events. CREW TV interviewed me for this video after having the amazing opportunity of speaking with Brian Tracy in Spring of 2016.
Sabbir Chawala of Century 21 Innovative Realty explains how Brian d’Eon and Ranjit Dhaliwal of Canadian Wealth Masters help their agents differentiate themselves and expand their market clientele by offering rent to own and wealth building strategies to sell more real estate.
Jump-Start in Rent-to-Own
1 Day Power Workshop
(June 22nd, 2016 – Sheraton Hotel Toronto Airport – 11:00am – 3:00pm)
Canadian Wealth Masters is proud to present a FREE workshop this Thursday, June 2nd in Toronto on Rent to Own Strategies and Wealth-Building techniques in Real Estate Investing.
Your are cordially invited to this FREE event with my host, Sabbir Chawala of Century 21 Innovative Realty Inc.
Sabbir will be hosting me (Brian d’Eon) and Canadian Wealth Masters’ co-founder, Ranjit Dhaliwal for a two-hour workshop. Learn from the masters …
How to Buy Your First FIVE Properties, and How to Buy Your Next Five
Get the Taxman to Make Your Down-Payment (a.k.a. How to Go From Debt to Home Ownership in 100 Days)!
How to Explode Your Commissions with Rent to Own (for Real Estate Agents)
This workshop is ideal for anyone who is a real estate investor (or wants to become one), real estate agents, and anyone involved or wishes to be involved in real estate investments.
Lunch will be provided. See you there!
Century 21 Innovative Realty Inc.
#3 – 2250 Markham Road
11:00am to 1:00pm
If you were there, you were one of the lucky ones who got to see Brian Tracy gives his 1-Day MBA just for real estate investors–as this was a unique event Brian has never done in the past, nor will he again in the future.
Enjoy some of these photos from the event …
What a fantastic event and action-packed day we had! It was such a pleasure meeting and speaking with Brian Tracy, and people who came in from across the country for this sold-out show!
If you missed it, unfortunately Brian Tracy will probably never do this event again; however, my video will be available in the near future and I’m certain that other videos will be circulating as well. Brian Tracy is truly a mentor and inspiration to us all.
Thank you so much for those of you who came and to the other sponsors and I sincerely hope to you again soon!