Financial News (Page 7)
RRSP and TFSA: Which One to Choose
For Canadians, choosing between an RRSP and a TFSA can be challenging. Both retirement plans offer benefits to investors. An…
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…
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…
Canadian Housing Bubble Growing
A housing bubble has been on the lips of Canadians for many years. But during the pandemic, the housing crisis…
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…
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…
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.
How do tax liens work in Canada?
In Canada, we have access to numerous public resources due to our taxation system. The Canada Revenue Agency (CRA) oversees…
2021 Second-Half Scholarship Winner
Our Scholarship Essay Writing Prompt: How has the pandemic informed your outlook on your financial future, and what money lessons…
How Do You Apply for the Disability Tax Credit (T2201)?
With tax season fast approaching, you may be thinking about tax credits, tax slips and more. The Disability Tax Credit…
Don’t wait for your holiday credit card statement. Pay your debts now.
Attack your holiday debt proactively. Don’t wait for your holiday credit card statements to arrive in the mail to develop…
Your Holiday Debt Plan
Good intentions only get you so far. Our holiday debt plan helps take concrete steps toward holiday bills in the…
What is the Best Credit Utilization Ratio?
A credit utilization ratio in Canada has an impact on your credit score. Utilization ratios express the amount of credit…
Benefits and Importance of Credit Monitoring
Credit monitoring in Canada has various benefits. It keeps your credit in good shape for future financing or other similar…
A Financial Guide for Newcomers to Canada
Newcomers to Canada have a lot to adapt to. One of the things newcomers must learn and manage is their…
Following the 50/30/20 Budgeting Rule
Our Essay Question How has the pandemic informed your outlook on your financial future, and what money lessons have you…
What is Inflation?
Inflation is the ongoing increase in the average level of prices over time. It causes economic issues. People may not…
How Long Does Information Stay on My Credit Report?
A credit report is a snapshot of your financial health. Creditors use credit reports and scores to extend credit. Everyone…
How to Deal with a Debt Collector
A debt collector is someone collecting debts. When the company you owe money to carries your unpaid debts, they bring…
Statement balance vs current balance: What’s the difference and why does it matter?
Each month credit card companies send out your credit card statement. This statement has a balance owing which is the…
Shrinkflation
If you’re a regular at your neighbourhood restaurant, you usually get used to paying the same prices for your meal.…
Bankruptcy and Auto Loans
Many Canadian individuals and businesses declare bankruptcy at one point in their lifetime. Often faced with few alternatives, people who…
Student Loan FAQs
As a graduate of post-secondary education or grad school, you may feel the pressure of paying off your loans. In…
Is There Tax Savings for the Interest on Student Loan Debt?
A university or college degree is a great advantage in your job search. But, it’s a costly advantage. Student loan…
Can You Get a Mortgage After a Debt Management Plan?
Every day, we face some sort of debt. Whether that debt is credit card debt, car loans, mortgages, student loan…
Free Easy-to-Use Budgeting Templates
Canadians spend money on countless expenses. For example, the average Canadian has lots of money flowing out each month from…
Student Loan Debt Forgiveness in Canada
There are hundreds of universities and colleges in Canada for students to pursue higher education. These educational institutions offer over…
How Canada’s “National Financial Literacy Strategy” Will Save You Money and Ease Your Stress
The federal government has announced a five-year plan to make you”financially resilient” – and it’s actually their second one. Money…
2021 First-Half Scholarship Winner
We have a winner! After sifting through hundreds of submissions, we’ve finally chosen a student to receive the scholarship. Thanks…
What To Do After Bankruptcy
If you have done any reading about personal bankruptcy, you know that while bankruptcy eliminates your consumer debts, it also damages…
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