Financial News (Page 7)
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,…
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…
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.…
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…
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…
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…
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…
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…
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…
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…
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.
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…
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…
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