Robert Klein Newsletter - July 2024/Edition 146

Robert Klein - Mortgage & Life Insurance Broker

robert@robertklein.ca
778 896 6732
http://www.robertklein.ca

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Your Foreclosure List

 

Abbotsford attached
Abbottsford Detached
Burnaby Attached
Burnaby Detached
Langley Attached
Langley Detached
Maple Ridge, Pitt Meadows Detached
Mission Attached
Mission Detached
New Westminster Attached
North Vancouver West Vancouver Attached
North Vancouver West Vancouver Detached
Port Coquitlam, Coquitlam, Port Moody Detached
Richmond Attached
Richmond Detached
Surrey Delta Cloverdale Detached
Surrey Detached
Surrey, North Delta, Cloverdale Attached
Tsawwassen, Ladner Attached
Vancouver East Attached
Vancouver East Detached
Vancouver West Detached
Vancouver West Attached



Reversing Dividends - High Rate of Return

 

I have 3 new clients who purchased properties last year in their name and took their downpayment from their corporation to do so. 

Luckily they paid themselves a dividend. They now have 2 years to reverse the dividend and return the funds to their corporation.   If they paid themselves a salary there is no recourse.

Putting back $200,000 into the corp will return the client $85,00 in personal taxes.  Not a bad rate of return. 

This is all part of the corporate/mortgage/real estate structuring service.  



Hanging Out With Sarah!

 



Having Fun in Mexico

 

We did not sign up Sarah or Robert for any summer camps for the beginning of July, so we decided to go to Peurto Vallarta for 10 days instead!  



Bank of Canada makes second consecutive rate cut, lowers overnight lending rate to 4.50%

 

For the second time in a row, Canada’s central bank has cut its overnight lending rate. 

In its pre-scheduled July 2024 announcement, the Bank of Canada dropped the target for the overnight lending rate by 25 basis points to 4.50%. 

While inflation remains above the Bank’s 2% target, it is expected that inflation will continue to ease as the global economy expands into 2026, bolstering the Bank’s decision to continue lowering rates. 

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Top Vancouver Summer Events and Festivals 2024

 

Discover the best Metro Vancouver summer events and festivals.

From fun outdoor activities to viewing incredible fireworks, to cultural performances and so much more, it doesn’t get much better than summer in Vancouver.

There are also plenty of fun-filled family events for all ages to explore.

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