Mary Keetch Financial Services

Tips to save you money . . .

so you can move forward with confidence

RRSP or Pay Down the Mortgage?

Check out this on-line calculator from Empire Life. You input your numbers and you will quickly know if you are better off to pay down your mortgage or if you should make an RRSP contribution? Or is there a way to do both? http://www.empire.ca/consumer/en/calculators/rrsp_mortgage_questions.html

If you need help give me a call, I’m happy to help – always.

Tuesday March 1, 2011 is the deadline to make a deposit to your RRSP to reduce your income and tax payable for the 2010 tax year. If you need one a RRSP Loan we can do one in minutes.

Mortgage Changes:

Effective March 18, 2011 new regulations provided by the Federal Government will no longer allow the ability to refinance up to 90%. The new guideline is 85% for refinancing.

Amortization (the amount of time you pay your mortgage back) will be reduced from 35 years to a maximum of 30 years.

Although over all I feel these new guidelines are important and effective for the bigger – long-term financial health of Canadians, if you’re one who is in debt overload, I would urge you to take this opportunity to consolidate your debt and put this behind you once and for all.

Click here to watch a video from a Manulife Survey on Being Debt Free & Consolidating Debt

Take a stand to start fresh and move forward with confidence. Contact me I would be happy to discuss this with you.

Here’s to a great year,

Mary Keetch

Mary Keetch Financial Services Group.

Tel: (519) 667 0555

Web: www.marykeetch.com

p.s. Remember to put your statements and tax slips in an envelope for when you file your tax return. I will be sending out the annual income tax checklist soon.

Thank you for your referrals of friends, family and colleages. Be sure that I treat them with great respect and confidentiality. Many people are searching for someone to truely listen and assist them in reaching their goals. If you know of someone who could use my services feel free to refer me.