Financial News

Revolving Credit vs Installment Credit

As many of us know, one of the only ways to start making large purchases is to build a solid…

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Mortgage Breaking Penalty – What is it and when it’s worth it.

Though mortgages are an excellent solution for those looking to own a home, they haven’t been spared from the current…

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Protect Your Finances During a Recession

Over the last couple of years, we’ve been dealing with a lot of turmoil around the world. Many of us…

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What is an Overdraft?

Overdrafts occur when an account has insufficient funds to cover a transaction, but the bank allows it to go through…

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What to do if you’re facing wage garnishment

Many are struggling with high inflation and high housing costs. Some are struggling so much they’re facing wage garnishment. These…

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High-Interest Loans – How to Avoid Predatory Lending

Inflation has risen again, hitting a new 39-year high of 8.1%. The Bank of Canada has also increased policy interest…

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2022 First-Half Scholarship Winner

Our Scholarship Essay Writing Prompt: Have you altered your expectations regarding finding a job, where you will work, and the…

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Government Imposes New Rules for Borrowing Against Home Equity

Houses are thought to be one of the safest investments. By purchasing a home, you are locking in a nest…

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Buy Now, Pay Later – Good or Bad Idea?

The eCommerce surge during the pandemic nudged many Canadians into buying online. The “buy now, pay later” concept isn’t new,…

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Gambling Addiction and Debt

For some, poor money management skills is an inability to develop healthy financial habits. Others, struggle with an addiction to…

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What is Financial Therapy?

People stressing over money go as far back as money itself. Until recently, this stress was historically attached to recessions…

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How a Credit Counsellor Can Help You

Owing money is a very personal problem. Some people are embarrassed that they can’t pay their bills. Some are so…

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Retail Therapy – There Are Better Alternatives

Does stepping inside a mall put a spring in your step? Does shopping help you forget your troubles? If so,…

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Taking On the No-Spend Challenge

You would like some savings as an emergency fund. It would be nice to pay cash for that new barbeque…

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Credit Card Debt, What it’s Actually Costing You

There are a staggering 76.2 million credit cards in circulation in Canada. That’s only taking MasterCard and Visa into consideration.…

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What Does an Ontario PC Government Mean for Family Finances?

Election results are in so it’s time to take another look at your family’s finances. Ontario Premier Doug Ford has…

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CERB Repayment – What to do if You Can’t Afford to Pay the Money Back

During COVID, lockdowns led to many not being able to work. To help those out of a job because of…

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The History of Income vs Inflation in Canada

A vital sign of the success of Canada’s monetary policy is inflation. Inflation is the rate of change in consumer…

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In-Demand Skills that Increase Income

We are in difficult economic times. Between high home prices, inflation and high national debt, it can be a challenge…

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Being Underpaid? How to Know and What to Do About It

It almost feels like time is ticking backwards. You check the clock again. Less than an hour to lunch, but…

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Stretching Your Income During High Inflation

During periods of high inflation, everyone wants to find creative and simple ways to stretch their income. Unfortunately, many of…

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Higher Non-Resident Speculation Tax Means Affordable Housing for Canadians

What is the Non-resident Speculation Tax and why is it being implemented? Who has to pay NRST and why exemptions…

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Fixed or Variable Mortgage – Which Is Right for You?

What's the difference between a fixed or variable-rate mortgage, how to choose which one is right for you and why…

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Who Should File Income Tax Return in Canada?

It’s official – tax season is upon Canadians! The benefits of living in Canada are all the available resources and…

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Why Insurance Companies Care About Your Credit Score

If you’re shopping for insurance, you already know how wildly premiums can vary. But do you know which factors can…

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Canadian Housing Bubble Growing

A housing bubble has been on the lips of Canadians for many years. But during the pandemic, the housing crisis…

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What does a Licensed Insolvency Trustee do?

What does a Licensed Insolvency Trustee do? Find out how these federally regulated professionals can help people and businesses handle…

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Financial Wellbeing & Its Effects on Mental Health

January 26th was the first day of the Bell Let’s Talk campaign. There are many things you can do to…

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What are the causes of your debt?

Every person has unique life experiences. But, what are the causes of debt? There are common causes of debt.

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Ontario Introducing COVID Benefits

On January 3, 2022, the Ontario government announced temporary closures and limitations. Of course, these are in place to manage…

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