FN Mortgage rates as of 06/07/2010 http://ping.fm/caq8g

FN Mortgage rates as of 06/07/2010

FIRST NATIONAL

1 year fixed:   2.70 %
3 years fixed: 3.75 %
5 years fixed: 4.39 %

5 years 5% Cash back fixed: 5.79 %

5 years variable: Prime minus 0.50%
First National Prime Rate: 2.50 %




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Кабинетът одобри Иво Прокопиев за почетен консул на Канада за �... http://ping.fm/8kaPD

Canadian Mortgage Broker News - Canadian household net worth hits $6 trillion http://ping.fm/fPDaD

Кабинетът одобри Иво Прокопиев за почетен консул на Канада за България

Кабинетът одобри Иво Прокопиев за почетен консул на Канада за България

Кабинетът одобри Иво Прокопиев за почетен консул на Канада за България

Дългоoчакваното назначение е факт. Това е голямо улеснеие за всички нас!

Правителството одобри председателя на Конфедерацията на работодателите и индустриалците в България (КРИБ) Иво Прокопиев за почетен консул на Канада в България.Това съобщи пресслужбата на кабинета след днешното заседание. Почетните консули се номинират от страната, която представляват, а кабинетът трябва да даде съгласие. Предложението е внесено от министъра на външните работи Николай Младенов.

“Канада е много важна държава за България, съюзник, част от Г-8. С удоволствие приех поканата на канадското правителство да бъда почетен консул за България и ще работя активно за засилване на двустранните отношения”, коментира Иво Прокопиев.

През ноември 2009 г. Министерският съвет прекрати правомощията на предишния почетен консул Левон Хампарцумян. Решението беше взето в отговор на постъпила от посолството на Канада в Букурещ вербална нота.

Иво Прокопиев е съиздател на вестниците “Дневник” и “Капитал” и е основен акционер в “Алфа финанс холдинг”.

Ролята на почетния консул:
Почетният консул работи на доброволни начала в помощ на гражданите на съответната държава, статутът му е регламентиран във Виенската конвенция. Работата на почетните консули не е толкова административна, а представителна. Докато консулите към посолствата се занимават например с издаването на визи, почетните консули имат за задача да поощряват икономическите взаимоотношения, да привличат чужди инвеститори и да популяризират културата на съответната страна, която представляват, организирайки напр. различни събития.

Те не са държавни служители и не получават заплата. По регламент всеки почетен консул прави ежегоден отчет за дейността си пред външното министерство. За поста не се кандидатства и въпреки че формално Министерският съвет одобрява кандидатурата, изборът е изцяло в ръцете на държавата, чийто представител става кандидатът.

Номинират се хора, които са добре познати, авторитетни и влиятелни личност в страната си. Необходимо е почетният консул да е финансово независим, тъй като не получава заплата, командировъчни или други финансови облаги. Определянето на почетни консули е много полезно в държави, в които изпращащата страна не поддържа представителство, но пък е необходимо да има канал за дипломатически контакти.

Canadian Mortgage Broker News - Canadian household net worth hits $6 trillion

Canadian Mortgage Broker News - Canadian household net worth hits $6 trillion

Canadian household net worth hits $6 trillion

| Tuesday, 22 June 2010

Canadian household net worth hit $6 trillion in the first quarter of 2010. It increased by 1.3 per cent from $74 billion, and is the fourth consecutive quarterly improvement in household net worth. This means 96 per cent of net worth lost during the economic crash has been recovered, according to David Onyett-Jeffries, economist with RBC Economics, as reported on Muddy York's Toronto Real Estate blog.

Other numbers from RBC show a strong Canadian housing market. Non-financial assets, where real estate contributes 85.5 per cent, is up 0.8 per cent to $24.9 billion from the previous quarter.

Mortgage debt increased by $16.4 billion in the first quarter, signalling continued growth in the real estate market. Over all, household liabilities rose by 1.5 per cent to $1.4 trillion.

FN Mortgage rates as of 28/06/2010 http://ping.fm/2BDbi

FN Mortgage rates as of 28/06/2010

FIRST NATIONAL

1 year fixed:   2.80 %
3 years fixed: 3.75 %
5 years fixed: 4.49 %

5 years 5% Cash back fixed: 5.89 %

3 years variable: Prime minus 0.30%
5 years variable: Prime minus 0.50%
First National Prime Rate: 2.50 %




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CoolRent is proud to present Data-Tracker.net - a powerful marketing tool. It tracks changes to interest rates, exchange rates, sport results, etc. and posts them to your Facebook, blogger or wordpress blogs, or sends a personalized email to you, or your client. Data Tracker can publish just the changed data or can publish all rates after any change.
RSS feed or third party services like ping.fm, can be used to transfer your email to all social networking services.

Please check our demos:
• Facebook:
http://ping.fm/t9Hwz?id=100000879636393
• Blogger:
http://ping.fm/2RqGR
• WordPress:
http://ping.fm/RgiA8

Data-Tracker is intended to help mortgage broker to reach their clients and procpects and inform them of any changes to the interest rates.
Data-Tracker.net automatically posts to your Facebook and/or blog every time there is a change to the interest rates, so you will have information of the changes and not only a “dry” sheet with actual rates
Using Data-Tracker.net to automatically publish on your Facebook and/or blog the latest changes of the interest rates will give your clients the opportunity to compare rates and trends and to be informed.

Also your clients will receive a personalized email every time interest rates are changed and they can make adequate and inform decisions – either to enter the market, or to wait, or perhaps convert from variable to fix rate.
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Sending valuable information and keeping in touch with your clients or prospects will increase your success
Having information of any changes to the interest rates (not just actual rates, but also any changes) and keeping your clients and prospects informed is priceless – for anything else use Data-Tracker.net!

FN Mortgage rates as of 22/06/2010 http://ping.fm/C1gNg

FN Mortgage rates as of 22/06/2010

FIRST NATIONAL

1 year fixed:   2.80 %
3 years fixed: 3.75 %
5 years fixed: 4.49 %

5 years 5% Cash back fixed: 5.99 %

3 years variable: Prime minus 0.30%
5 years variable: Prime minus 0.50%
First National Prime Rate: 2.50 %




Posted by DataTracker Powered by CoolRent

Revenu Québec - Another QST Rate Increase to Take Effect January 1, 2012 http://ping.fm/cISvN

Revenu Québec - Another QST Rate Increase to Take Effect January 1, 2012

Revenu Québec - Another QST Rate Increase to Take Effect January 1, 2012

Another QST Rate Increase to Take Effect January 1, 2012

In the Budget Speech of March 30, 2010, the Minister of Finance of Québec announced another Québec sales tax (QST) rate increase, in addition to the increase to take effect January 1, 2011, which was announced in the Budget Speech of March 19, 2009.

Application of the latest QST rate increase

The increase in the QST rate to 9.5% applies to taxable supplies in respect of which QST becomes payable on or after January 1, 2012.

Taxable supplies of movable property or services are subject to QST at the rate of 9.5% where all the consideration for the supply becomes due after December 31, 2011, and is not paid before January 1, 2012. The QST rate of 9.5% also applies to any portion of the consideration for such a supply that becomes due after December 31, 2011, and is not paid before January 1, 2012.

Taxable supplies of an immovable by way of sale are subject to QST at the rate of 9.5% where the supply is made under an agreement in writing entered into after December 31, 2011, and the agreement provides for the transfer of ownership and possession of the immovable to the recipient after that date.

Taxable supplies in respect of the construction, renovation, alteration or repair of an immovable or a ship or other marine vessel are subject to QST at the rate of 9.5% where the supply is made under an agreement in writing entered into after December 31, 2011.

The aforementioned rules regarding taxable supplies of movable property or services also apply to taxable supplies of an immovable that are made other than by way of sale.

There are special rules regarding continuous supplies, budget plan arrangements with reconciliation, exchanges of movable property and primacy rules.

For further information, see page A.107 in Additional Information on the Budgetary Measures, published by the Ministère des Finances.

Consequential amendments and changes

Rounded-off mathematical factors

QST is calculated on the consideration, which includes goods and services tax (GST) at the rate of 5%. The effective QST rate is currently 7.875% (8.925% beginning in 2011) and the effective combined GST-QST rate is currently 12.875% (13.925% beginning in 2011). The rounded-off mathematical factors are 7.87% and 12.87%, respectively (8.92% and 13.92%, respectively, beginning in 2011).

A registrant can use the rounded-off mathematical factors if the cash register ordinarily used by the registrant is not sophisticated enough to calculate QST using the actual rate of 7.5% (8.5% beginning in 2011) or the three-decimal mathematical factors – 7.875% and 12.875% (8.925% and 13.925% beginning in 2011).

Once the increase in the QST rate to 9.5% takes effect on January 1, 2012, the three-decimal mathematical factors will be 9.975% and 14.975%, and the rounded-off mathematical factors that can be used will be 9.97% and 14.97%.

Taxable benefit related to automobile operating costs

For the 2011 taxation year, in the case of a benefit related to automobile operating costs, the amount of tax to be included in the calculation of the registrant's net tax is equal to 5.4% of the value of the benefit. Beginning with the 2012 taxation year, the rate will be increased to 6%.

Quick methods of accounting

Small businesses whose revenues from taxable supplies do not exceed $215,000 ($217,000 beginning in 2011) can multiply their total revenues from taxable supplies, including GST and QST, by the prescribed rate, which for vendors of corporeal movable property is currently set at 2.7% (3% beginning in 2011) and for other businesses is currently set at 5.3% (6% beginning in 2011). Once the increase in the QST rate to 9.5% takes effect in 2012, the limit on revenues from taxable supplies will be increased to $219,000, and the prescribed rate will be increased to 3.4% for vendors of corporeal movable property and 6.6% for other businesses.

As for certain public service bodies, the prescribed rate for municipalities is currently 4.6% (5.2% beginning in 2011) and the prescribed rate for other bodies is currently 5.9% (6.6% beginning in 2011). Once the increase in the QST rate to 9.5% takes effect in 2012, the prescribed rate will be increased to 5.7% for municipalities and 7.3% for other bodies.

The newest prescribed rates for quick methods of accounting and the new limit of $219,000 on the revenues that a small business can have from taxable supplies apply to all reporting periods that begin after December 31, 2011.

Simplified method for calculating rebates and input tax refunds related to expense accounts

The mathematical factors will be specified by Revenu Québec at a later date.

First National - New Ideas http://ping.fm/FEYVg

First National - New Ideas

First National - New Ideas

How a prepayment today can build significant future savings

You could probably find many ways to spend any “extra” cash that comes your way, whether it’s a tax refund, an unexpected gift, a bonus cheque, or just hard-earned savings. Consider using the money to prepay part of your mortgage. Even small prepayments can make a big impact over time and potentially save you thousands of dollars.

The great benefit of making prepayments on your mortgage is that every extra dollar goes toward the principal amount of the loan. Since that’s the portion you pay interest on, paying it faster means paying less interest over the long term and becoming mortgage-free sooner. The higher your interest rate and the earlier you are in your amortization period, the greater your savings.

But that’s not all. Prepaying your mortgage will help you build your home equity at a faster pace and will bring you one step closer to owning your home outright.

Explore these prepayment options

There are three ways you can prepay your First National mortgage. To illustrate the savings potential, we’ll use the example of Joe, a new homeowner paying $830 a month in mortgage principal and interest. Joe’s mortgage is $150,000 at 4.5% and has an amortization period of 25 years.

	1. Make an annual prepayment. You can pay up to 15% of your original principal each year on any of your regular payment dates, minimum $100. Savings potential: Joe receives a tax refund of $2,000 each year and decides to use it to make a principal payment on his mortgage at the end of every year. In this case, Joe could save approximately $28,000 in interest costs over the life of his mortgage and pay it off six years earlier.
	2. Increase your payment amount. Once per year, you can increase your mortgage payment amount by up to 15%. The increased amount will go directly towards reducing your principal balance. Some exceptions apply, so check your mortgage documents. Savings potential: If you raise your mortgage payment amount in step with any increases in income, such as a raise, even a small amount can make a difference. By simply increasing his original monthly payments by $50, Joe could potentially save as much as $11,000 in interest costs.
	3. Double-up a payment. You can double-up your payment on any regular payment date. This is applied directly to the principal of your mortgage. Savings potential: Joe decides to double-up on a single monthly mortgage payment each year, paying $1,660 instead of $830. If he did this every year for 10 years, he would save as much as $13,000 in interest and shave two years off his amortization.

Mortgage rate as of 18/06/2010 http://ping.fm/D2Zug

Mortgage rate as of 18/06/2010

Mortgage product	Posted rate	Our rate
5 years Variable	3.75 %	1.90 %
5 years Var Promo PAP	2.50 %	1.90 %
1 year	4.50 %	2.54 %
1 year open	6.70 %	6.45 %
2 years	4.40 %	3.30 %
3 years	4.95 %	3.75 %
4 years	5.74 %	4.39 %
5 years	6.10 %	4.39 %
6 years	6.30 %	5.05 %
7 years	7.00 %	4.99 %
9 years	5.73 %	5.43 %
10 years	7.35 %	5.49 %
15 years	9.55 %	9.25 %
18 years	9.55 %	9.25 %
25 years	9.65 %	9.35 %

Our commitment:
* Negociate on your behalf the best interest rates and loan conditions
* Provide you with a pre-approval service
* Explain to you the range of government programs (Home Buyers Plan, ...)
* Protect your mortgage rate for up to 120 days
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Canadian Mortgage Broker News - CMHCs May housing starts http://ping.fm/QXaaS

Mortgage rate as of 04/06/2010 http://ping.fm/AO0q3

Canadian Mortgage Broker News - Global bank tax dismissed http://ping.fm/PDuGW