Ryan Raguero Newsletter - The New Year 2017/Edition 13

Ryan Raguero - Financial Literacy Campaign

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Court Ordered / Foreclosure list - December 2016

 

December 2016 - Abbotsford - attached
December 2016 - Burnaby - detached
December 2016 - Chilliwack - detached
December 2016 - Cloverdale - attached
December 2016 - Commercial List
December 2016 - Coquitlam - attached
December 2016 - Maple Ridge - detached
December 2016 - Mission - detached
December 2016 - New West - attached
December 2016 - Richmond - attached
December 2016 - Richmond - detached
December 2016 - South Surrey : White Rock - detached
December 2016 - Surrey - attached

Not too many listings again this month. My guess is the slow down towards the end of year will bring in more foreclosures in the next couple of months. Stay tuned! 



Don't Pay CPP Through Dividend Income - Read This if You Are Self Employed

 

I'm not an accountant, so deal directly with your accountant on these types of matters.  If you need an accountant I can refer.  

1. All of our revenue goes through a corporation
2. We claim expenses against revenue
3. We do not pay salaries to ourselves
4. We pay corporate taxes based on net income
5. We pay out dividends to ourselves

All of our income is dividends.

CPP is based on personal income and not dividend income.   

If you are self employed it's up to $4500/year in savings.  If your income splitting, it doubles to $9000/year.  

This way we save saving $9,000/year in CPP payments.

***Numbers are approximate 



Equifax - $20/month - Unlimited Credit Pulls

 

Equifax program recently changed to allow unlimited credit pulls for $20/month.  

Most pay $15/month for monitoring which came with a free credit pull every 3 months. 

It's now 20 bucks with unlimited pulls. 

This is awesome.  

If you have a mortgage or going to have a mortgage in the future, it's worth the 20 bucks to get this service.



New Year Cheer 2017

 

We hope the holidays and new year celebrations were great for you.

January 2017 is the start of great changes to come. We look forward to the ride with you.

Here's to another year of newsletters. Cheers!



Borrow RRSP @ 3.2% and Get Up to 40% Back in Taxes

Case Scenerio:
1. Borrow $10,000 to put into RRSP
2. Tax bracket - 40%
3. Borrowing rate - 3.2%

Cost of Borrowing:
1. $10,000 paid back over 1 year @ 3.2%
= $174 Interest Paid

2. 10,000 paid back over 2 years @ 3.2%
= $337 Interest Paid

Taxes Saved:
$10,000 x 40% = $4000 Saved

Net Profit:
1 Year - $4000 - $174 = $3826
2 Year - $4000 - $337 = $3663

Deadline for Loan Applications
Feb 25, 2016

Deadline for 2015 RRSP's
Feb 29, 2016

Your senerio?
Email me direct and I will crunch your numbers within 5 minutes.



Hotel Vancouver - Hotel 1 vs Hotel 2 vs Hotel 3

 

If you ever walked through Hotel Vancouver, you will notice pictures of Hotel Vancouver 1, Hotel Vancouver 2 and the current Hotel Vancouver 3. 

When I used to look at pictures of hotel 2, something always seemed odd but I didn't think past it. 

Well it turns out, Hotel Vancouver 2 and Hotel Vancouver 3 were built at different locations.  I always thought they were built at the same location!

Hotel 1: Granville and West Georgia

Hotel 2: Howe and West Georgia 

Hotel 3: Burrard and West Georgia

Here is a cool blog post on Hotel Vancouver: 

http://www.miss604.com/2016/01/the-second-hotel-vancouver.html



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