How do you know you have long term dis.? How can you get it

[jammer]

Mortgage renewal while on LTD

Anyone renewed a mortgage yet while on LTD? Do they consider a gross-up of tax free payments to the equivalent taxable income? How does the new stress test deal with LTD payments?

PWD & mortgages

I think it would be your case manager who u could ask for a letter of confirmation of income.

CPP Disability/LTD

Hi Viva. Here’s a document you may want to read: And this one: Dos and Don'ts: CCA for Rental Property Explained | 2022 TurboTax® Canada Tips If this is your first home - and you are immediately renting it after purchase - you will NOT qualify for the First Time Home Buyers Plan where you can use any RRSPs towards the down-payment. You should also get pre-approved if you require a mortgage. One other thing - due to having a pre-existing disability - it’s unlikely the bank with give you l…

LTD overpayment debt

I spoke to GWL representative this morning and he proposed 50,000 now and 2000 per mo till paid off. He sent it to HBT for approval. It is the maximum I can do, judging by how much my mortgage is and the work needed to make the house liveable. If HBT does not agree with this proposal, I will contact the lawyer. I am worried that if WSBC stops my claim for any reason, I will have no money to live on. I am trying to get rid of my mortgage to be safe. My CPP is 1130 and that is less than my mor…

Buying a home for the first time

I never tried to get life insurance but it would depend on how you are disabled. It’s generally a better deal to get normal life insurance than mortgage insurance since the amount you receive doesn’t decline as you pay down your mortgage.