For thsoe of you with Mortgages...
Heads up, check your terms and rates against what is out there. If you are locked in at all, call your bank and get all the options to renegotiate.
Do not accept any bullshit or first answers, dig for the best rate... and blend it down, or penalty and legal.. and negotiate on the penalty hard to see if they will budge.
I had a coworker who never even thought about it... so I mentioned it to him.
Sure enough, 1 call to his bank... 1 hour appointment... see a laywer to sign papers...
It cost him $2300 in penalties and so forth, but he was saving arond $7500 over the next 5 years in interest, after the $2300 penalty.
I don't know if he paid that personally, or if they tacked it on to the mortgage principal, but it wouldn't have made that much of a difference, the savings were still there.
Oh, and one other note, don't take any bullshit from your financial advisor or broker either. Too many schmucks have watched client worth go down the shitter without even a phone call to discuss the portfolio.
Ah, and 1 other. If you have kids, make sure you are deducting the $2000 ($2039) per child if they live with you. Either you or spouse.. new for 07.. if you miss the line, which is easy, you are out $300 per child back on your refund, or off your payable. And if you have kids and miss it, rev canada doesn't give a rats ass and tell you... they just leave it. (NOTE: THIS IS ON YOUR FEDERAL TAX CALCULATION SHEET IF I RECALL CORRECTLY)
Know 3 families that missed that doing their own taxes this year alone!