Financial News

What To Know About Using Payment Apps

Canadians are turning to digital payment methods to meet their needs when it comes to making payments. Payment apps let…

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Veronica Ott

Cooling Down Heating Costs

Canadian households are struggling to make ends meet. High inflation has driven prices up across the board, including, one of…

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Veronica Ott

Why Paying Off Debt Should be Your #1 New Year’s Resolution

The new year is rapidly approaching. With the transition into a new year, many make hopeful resolutions. Some of the…

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Jack Choros

Refresh Personal Finances for the New Year

Another year is winding down, and many are starting to look forward. With the rise of interest rates and inflation,…

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Jack Choros

Equifax Survey Reveals Historically High Consumer Debt

Canadians are struggling more than ever to keep up with the cost of living. With rising interest rates, the cost…

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Pre-approved Credit Card Increase: What’s best, accept or decline?

If you own a credit card, at some point you might receive a letter in the mail that reads something…

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The List of Credit Card Fees is Growing

With the recent news about inflation and interest rate hikes, there are lots of things stretching budgets. Turns out it…

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Canadian Government Updates Student Loan Repayment Terms

The cost of living continues to rise for the average Canadian. Inflation has sent many prices of goods and services…

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Housing Market Predictions for 2023

Unless you have been living under a rock, you know that we are in the middle of an interesting time…

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Sean Cooper

Financial Knowledge and Help – The Best New Tool for Employee Retention

Whether we like to admit it or not, work is a big part of life. The average person is predicted…

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Bad Debt vs Good: What’s the Difference?

Debt can be helpful, but it’s important to know the difference between good and bad debt. Good debt is manageable.…

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How to Gauge Your Level of Financial Stability

Financially stability, what does that mean exactly? If you’re thinking “this is a topic for rich people” think again. Being…

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Save Money on Christmas Shopping and Holiday Expenses

This Christmas shopping season, a survey conducted by Deloitte Canada reported that each Canadian household plans to spend $1520 each this…

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Financial Literacy: The Importance of Talking to Kids About Money

Written by: Clifton Corbin As a child, I was fascinated by money. At eight years old, I would take the…

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Emergency Funds or Debt – Where to Put Money First?

As you stare at your account balances, you wonder what to do. Should you put that bonus you just got…

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Remission Review: Money Back in Your Pocket

Occasionally, taxpayers encounter incorrect tax assessments. Leading to them owing a large amount of money made up of mostly penalties…

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Best Time to Take OAS and CPP Payments

Thinking about retirement can be overwhelming even for the most financially savvy among us. It’s easy to avoid conversations about…

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The Labour Market is Changing Why, How, and What Does it Mean For You?

Currently, the Canadian labour market is living through unprecedented times. The job market is the tightest its ever been due…

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Using RRSP to Pay Off Debt

Many Canadians struggle to make ends meet within the current economic climate. On top of recovering from the global pandemic,…

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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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