Using Your RRSP’s to Make Your Home Ownership Dreams a Reality!!!!

With February in sight this is a great time to talk about the Federal Government’s Home Buyers’ Plan (although this year you have until March 2, 2020 to purchase RRSP’s for 2019– if that’s your plan). I have had many clients, over the years, use this program to make their home ownership dreams a reality!

With this program, you can use up to $35,000 of your RRSP savings ($70,000 for a couple) to help finance your down payment on your first home.

To qualify, the RRSP funds you’re using must be on deposit for at least 90 days. In order to access your RRSP’s, you must have entered into a written agreement to purchase a home (a pre-approval from your mortgage lender does not qualify).  You must be intending to live in the home, within one year of purchase, so you cannot use this for a rental property purchase.  You must qualify as a first-time home buyer, which means that neither you nor your spouse have owned a home, as your principal place of residence, within the last four years.

One of the benefits is that it is not taxable if you repay it within a 15-year period. The payback amount is at least one-fifteenth a year of the amount you withdrew from your RRSP. So, make sure you set up an automatic monthly, bi-weekly or even weekly contribution to your RRSP, to ensure you do not miss any repayments!

It’s very important to your overall plan that both the pros and cons of this strategy be reviewed. There are several questions you should be asking yourself about this strategy:

  • Will you repay the requirement amount each year?
  • Is it the right time to cash out your RRSP (i.e., this depends on the investments and rate of return you are getting on your current investment)?
  • Is it worth forgoing the future tax sheltered growth potential of your RRSP in favour of reducing the mortgage amount (including default insurance premiums, total interest costs, etc.)


Still not sure if you qualify or if this a good option for you?  Seek advice from a financial planner, your mortgage lender or the lawyer you are using to purchase your home to confirm.  Happy house hunting!

Leeeaaavvving on a jet plane…..!

Joanne Beaton
Sales Representative 
Arnett Realty LTD., Brokerage
Cell: (613)407-4309
Leeeaaavving on a jet plane…..!

It’s that time of year when many Canadians head South for a little reprieve from the frigid temperatures and mountains of snow! While I do really enjoy four seasons….I AM looking forward to a week in the sun with my husband in February.

If you have a vacation planned in 2020 here are some travel tips that may come in handy! Start the car!!!!!!

Before you go:

  1. While all inclusive resorts can be just what the Doctor ordered…they aren’t for everyone! Instead of a hotel, look into reserving a home if traveling with a family, or a single room if alone. Websites like AirBnB can provide homes and private rooms from home owners who are renting them out, usually offering better accommodations than hotels.
  2. Roll your clothes when packing. Instead of creating a folded pile in your suitcase, rolling allows you to fit more things in. Plus, you can even roll underwear and socks within your clothes for optimal space-saving.
  3. Scan your passport, identification card, and itinerary and email them to yourself. This provides an extra copy of each in the event of loss or theft. As an iPhone user, once I email the documents to myself, I usually open the email on my iPhone and save them onto iBooks. This provides me with an offline record.
  4. It’s important to remember to call your credit or debit card company before you leave to ensure that you have your card authorized for your foreign destination. This prevents them from suspecting suspicious activity.
  5. Make sure to check with your house insurance company about the requirements for “inspections” while you are away. At the minimum you will need a friend to check your home every 3 days.
While in Paradise:
  1. Have a souvenir list prepared, and stick to it. This will save you money and prevent you from purchasing something that “you’ll find someone to give to another time”.
  2. “When in Rome…..” Don’t be a stubborn traveler, and get out of your comfort zone! Of course safety is the most important thing, but if you feel comfortable to get out an explore….do it! Try some local cuisine and find the hidden beaches.
  3. Relax….whatever that looks like to you. Remember that THIS is what you have been looking forward to so enjoy every minute!!!
  4. Take pictures….but if you can….put your phone away and be present! If you are working while you are away give yourself a window of time each day and stick to it.
  5. Sunscreen is a MUST….even if it seems cloudy.
Coming home:

  1. Dress comfortably, and in layers, for the trip home. Remember that you are coming back to an Arctic tundra!
  2. If you can, don’t go back to work the first day! Take one final day to be gentle with yourself, unpack and do laundry. The last thing you want to do is rush after a week of rest.
  3. Your skin will be in shock so make sure to apply aloe vera and hydrate!
  4. Have a little discussion with your travel partner about the pros and cons of the trip and decide what worked and what didn’t so you know for next time!
Would love to hear your travel tips!
Anyone lucky enough to be getting some warmth and sun this winter?

It’s a Date… Carleton Place!!!

Joanne Beaton
Sales Representative 
Arnett Realty LTD., Brokerage
Cell: (613)407-4309
It is way too easy for hectic schedules to get in the way of “date night” with your significant other. It is so important to spend real quality time with the one you love…. maybe that is one of your New Year resolutions for 2020?

I’ll make it easy for you (no, I won’t babysit!) Here are 4 different Date night/day options right in beautiful Carleton Place.

Option 1: Foodie/ History buff Fusion

It’s Saturday at 10:15 a.m. and the babysitter has arrived. Time to head to the Carleton Place & Beckwith Heritage Museum to peruse their over 100,000 artifacts from in and around the community. Then head across the street to the Roy Brown Museum and Information Centre and have a peek around this beautiful log home which is a restoration of the first homestead in town.  The building serves triple duty as a museum, visitor information centre and home to the Carleton Place and District Chamber of Commerce.It is 1:00 pm so time to meet up with The Good Food Tour (which meets at the visitor centre) to check out Carleton Place’s diverse and delicious restaurant scene. (Disclaimer – this is a seasonal tour which runs Spring/Summer/Fall)

You will start the tour at the Stalwart Brewing Company sampling their stellar craft beers, carefully paired with charcuterie from the Beckwith Butcher and something sweeter from Beckwith Kitchen. Then you will head to the Boulton House Restaurant along the beautiful Mississippi River. Next up is Chef Ian’s French Bistro fare at the popular Black Tartan Kitchen, followed by something special from Chef Jordan at the Smith & Barrel Pub.  Lastly, you’ll finish up with special desserts at the much-loved Good Food Company.
Option 2: Blind Tasting at Black Tartan and a night cap at Smith & Barrel Pub
It’s Friday night and you’ve made your reservations days ago for a table for 2 at Black Tartan Kitchen. You get to the restaurant and get seated……now to do the 4 or 7 course blind tasting menu??? An exciting and unique dining experience that is sure to satisfy!Let Chef Ian Carswell surprise you with creative courses you won’t find on the menu! Of course, if this is just way too adventurous for you their menu is full of amazing options too.

Next head down to the The Smith & Barrel Pub for a glass of wine, a beer or a delicious hand-crafted cocktail. If you get hungry again you could always order a plate of their deep-fried pickles!

Option 3: Sunday Brunch & Bowling

It’s Sunday at 10 am and you roll out of bed…. or your bed has already been invaded by kiddos! Either way you and your love have a (much needed) reservation for 11:00 am at The Good Food Company.A very popular brunch spot in Carleton Place! They serve fair-trade coffee roasted just up the road in Clayton by Fluid Solar Coffee Roasters and their bread is made a Baker Bob’s! Whether you decide on the Huevos Rancheros or the Eggs Benedict you will be super happy you did.

You finish-up and head over to Chasin’ Turkeys Bowling Alley just down the street. This 5-pin bowling centre, originally built in the late 50’s, changed ownership in 2018 but is still full of character from that time! You don’t need to be amazing at this game to have a load of fun with your partner.

Option 4:  Snowshoe and sip

This option is great for any day of the week, weather permitting. Grab your snowshoes or, rent some from the Beckwith Township office, and head out to the Beckwith Nature Trail for a beautiful snowshoe through the woods. The trails are dog friendly and beautifully maintained. They are also free from motorized vehicles.

All done? Head to the Under Pressure Coffee House for something decadent and warm to finish off your lovely day. They have a huge selection of cakes and treats along with hot chocolate and lattes…. something for everyone.

Let me know what your Option 5 would be?????????

Bringing some “Namaste” into your life in 2020!

Yoga is a beautiful and accessible way to “move your body” if you are searching for ways to do this in 2020. It is perfect for any age, gender or body type and can be tailored to meet the needs of individuals with mobility issues. It was developed in India roughly 5000 years ago and there are many styles of yoga practices. It is now wildly popular in North America and all over the world. If you have been wanting to try it out or are looking for yoga in a group setting, there are many wonderful options in Lanark County.

Check out these local options:


Surya Daya Yoga & Wellness:
14 Mill Street, Unit #7 Heritage Court, Almonte, Ontario  K0A 1A0

Pronounced Surya (SÜR-yah) Daya (Day – yah).At Surya Daya Yoga & Wellness their mission is to hold a safe space for their clients to release tension and explore their minds and bodies. Their hope is that during your time with them you will breathe deeper and reconnect.  They offer yoga the way nature intended, for everybody and without judgement, honoring you exactly as you show up everyday.

Their Yoga Alliance certified yoga teachers offer many styles of yoga including Hatha, Kundalini, Yin, Restorative, Pilates, Mindfulness based practices as well as gentler styles of yoga and movement. They also offer private classes to help tailor your practice to your own individual needs, and workshops to help support you on your journey.

“We teach from our hearts with a guiding principle of compassion, and our hope is to help you find that deeper place within of peace, health and vitality.” (

Hamsa Yoga:
74 Bridge Street, Carleton Place ON, K7C2V3
Hamsa Yoga is a studio built on community, health and happiness. Their cozy studio invites warmth, friendships and sometimes a little escape from your day. At Hamsa, they want to make your experience a positive and long lasting one.Hamsa Yoga offers many different styles of yoga including a selection of kids classes!. Even though they’re all based on the same poses, each style has a particular focus – one style might be focused on improving your flexibility, while another primarily strengthens your core. Try a few different class to see which style is best for you.

Hamsa also offers Yoga Teacher Training. Each course is a fulfilling and life-changing journey both for those who wish to teach yoga and those who are ready to embark on a personal journey of self-inquiry.


Aruma ~ A place for Health and Happiness:
2104 Pine Grove Road, Lanark, ON K0G 1K0

At Aruma they recognize that every individual reaches health and happiness in their own unique way, which is why they offer an expansive range of services. Aruma places an emphasis on a healthy mind, body, and spirit, through their holistic services, workshops, and full yoga schedule. Aruma yoga, is inclusive yoga.  Their teachers are committed to supporting you in your practice, whether you are just starting out or you have an established practice.They believe in the benefits of yoga and encourage you to participate in a daily practice that will improve your respiration, strengthen your immunity, lower your risk of disease, increase your flexibility, boost your vitality and empowerment, restore your balance, and prepare you for change.

Aruma also offers SUP Yoga….Yoga on a Stand-up Paddleboard!  If you are looking for a new challenge, SUP Yoga, will reinvigorate your body and feed your soul. They provide all of the equipment, so just come and unwind.


Balance Within Mind Body Soul

20 Albert Street, Carleton Place, ON K7C 1P4

Welcome to Balance With Mind Body Soul- the little studio with a big heart! The yoga studio is a beautiful healing space that adds so much to the experience of a yoga class with lots of natural light. They are a friendly studio that greets everyone with a sense of community, diversity and integrity.

The goal at balance within is to offer a safe space for everybody to experience the many benefits of yoga and meditation. Their instructors come from a variety of backgrounds and offer a diversity of teaching styles.


All of these studios offer a great selection of services that will be sure to meet all of your yoga wellness needs!Lanark County is the best place to be!