Company: Neighbourhood Dominion Lending Centres
Total volume: $69.6 million
Loans funded: 247
CMP: What was your primary strategy for growing your business in 2019?
Todd Payzant: I continued to call renewals and work top-end referral sources
CMP: How do you think the industry needs to change to better serve both brokers and consumers?
TP: The new rule of taking spousal support as a payment instead of a deduction of income is really going to hurt the person paying the support, yet CRA gives the customer a tax deduction on his income. So the higher-earning spouse is now not going to qualify, but the lower earner is. It makes no sense.