Financial News (Page 3)
What is a right of set-off?
When you owe money to your bank or credit union, through a credit card or loan for example, they can…
Credit Card with Authorized User
By becoming an authorized user, you can join another person’s credit card account and use it for purchases. Over and…
Consolidated Credit Financial Empowerment Award Winner
Congratulations to Nima Salary, our latest Consolidated Credit Financial Empowerment Award recipient! Nima is studying Civil Engineering Technology at Seneca…
Canadian Deposit Insurance Company – What is it, and how does it protect us?
Insurance is one of those things you don’t really need until you absolutely, positively need it. It’s a vital component…
Banking in Canada: How safe is my money?
We’ve been hearing a lot about American banks on the news. The collapse of Silicon Valley Bank (SVB), the near-deaths…
Guaranteed Investment Certificate
A Guaranteed Investment Certificate (GIC) might sound intimidating, but it is one of the most uncomplicated and underutilized financial tools.…
Food prices: What you need to know
Price changes, especially on necessities, really stand out to us. So many people are struggling to make ends meet right…
Successfully Negotiating Your Rental Agreement
Canadians are facing financial challenges right now. Between interest rate hikes and inflation, the cost of living is increasing. One…
Financial support for adult children
Why are more adult children getting financial support from their parents? Most parents with children between 18 and 35 (96%)…
Managing Finances When You’re Laid Off
How to keep the anxiety at bay and weigh your options. In an uncertain economy, many of us are relying…
Owe way more taxes than expected? Here’s what to do
It can be intimidating to owe money to the Government of Canada. People often assume that the government will use…
Contract agreement: Getting to know the fine print
Credit cards have become an essential part of everyday life for many people. Which is great! You can’t beat the…
Credit Card Cash Advance
In Canada, we’re fortunate to have a wide variety of credit products available to us. It can be challenging to…
What Is Negative Equity?
Equity is the ownership of assets that may have debts or other liabilities attached to them. It can be positive…
Tax Credit Vs Tax Deduction: What’s The Difference?
Guess what? It’s almost time to file your tax return. Both tax credits and tax deductions can save you money…
Spending Styles: How To Identify And Make The Most Of Them
When it comes to spending money, it is important to understand how your brain works – and the brain of…
Emergency Personal Financial Information Kit
An emergency can turn life upside down. Not everyone plans for a fire, a natural disaster, or their own death.…
Navigating How To File Your 2022 Income Tax
The tax season is almost here, and you can get your tax filing out of the way easily. All you…
Hard Vs Soft Credit Check
Interested in checking your credit reports? Applying for new credit or a loan? While both involve checking your credit rating…
2022 Second-Half Scholarship Winner
The winner Congratulations to our 2022 Second-Half Scholarship Winner, Yuki Tam from Toronto! Check out her winning response below. Big…
New 2023 Laws Affecting Take-Home Pay
The last few years have been rough for Canadians regarding finances. Rising interest rates and inflation have caused the price…
The New Ontario Housing Strategy: Will It Help Make Housing More Affordable?
Housing affordability has reached a crisis level in Ontario. You have to earn over $200,000 a year just to afford…
Get A Bigger Income Tax Refund By Making Simple Salary Deduction Changes
Most people look forward to the tax season for income tax refunds, while others dread the taxes they have to…
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…
Cooling Down Heating Costs
Canadian households are struggling to make ends meet. High inflation has driven prices up across the board, including, one of…
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,…
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…
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…
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…
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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