Financial News (Page 7)
Canada Emergency Wage Subsidy (CEWS)
Update: All claim periods for the CEWS are now closed. COVID-19 has created difficulties for Canadian individuals and businesses. So,…
Bankruptcy and Auto Loans
Many Canadian individuals and businesses declare bankruptcy at one point in their lifetime. Often faced with few alternatives, people who…
Canada Recovery Benefit
This article was updated on October 26, 2021– three days after the program ended. If your finances were directly affected…
Student Loan FAQs
Let our student loan FAQs enlighten and inform you. As a graduate of post-secondary education or grad school, you may…
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 over 100 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…
July 2021 Update: Economic Effects of COVID-19 in Canada
The economic effects of COVID-19 are far-reaching. It affected Canadians of all ages, occupations, locations, and income levels. But, those…
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…
How to Build an Emergency Fund
Life is full of unexpected events. Your circumstances could change dramatically within a short period of time. That’s why it’s…
Solid Planning and Scholarship Dreams
Our Essay Questions As a college/university student, what are your main money obstacles and what do you plan on doing…
Supermom’s Scholarship Contest Entry
One of the most interesting things about reviewing scholarship submissions is the mix of age, culture, and position of our…
A Student Relates TV Drama to Real Life
The clock is counting down as we draw near to announcing our scholarship winner for the first half of 2021.…
Scholarship Applicant Cites Facts & Figures
Our Essay Question As a college/university student, what are your main money obstacles and what do you plan on doing…
What is an Individual Voluntary Arrangement?
Debt is necessary for people to carry out most financial actions. You need debt to purchase a home with a…
Niagara College Student Cuts Costs
The window to enter into our scholarship for the first half of the year has closed. In the lead-up to…
How to Write a Debt Settlement Proposal Letter
Debt affects Canadians of all age groups and incomes. This is especially true during the COVID-19 pandemic, as Canadians owe…
Here’s What To Do If You Can’t Afford Minimum Payments on a Credit Card
If you can’t afford minimum payments on a credit card, it may be time to take a step back. It’s…
Why Oil Prices Are Increasing
Recently, 50% of gas stations across Georgia were without gas. Gas prices hit a national high of $3.03 per gallon,…
What is Receivership? – Tools Creditors Use
As consumers know, credit scores are an important part of personal finances. Some individuals cannot adequately manage their debt. They…
The Consumer Protection Act
Canada has laws governing the way companies can go about the sale of goods and services. Laws are in place…
Scholarship Entrant Gets Creative
As you know, we’re still accepting essay submissions for our scholarship. A recent entry from a current doctorate student showcases…
Credit Counsellors Can Help With COVID-19 Financial Hardship
The COVID-19 pandemic brought financial hardship to thousands of Canadians. Middle-income Canadians felt a profound effect on their finances, with…
Ready for a Restart? Your Guide to Financially Recovering from COVID-19
The COVID-19 pandemic brought financial turmoil to thousands of Canadians. In October 2020, a third of Canadians thought that financially…
How to Check Your Credit Score
The average Canadian consumer needs a few things to perform many financial tasks. Usually, you need income and credit to…
Are Middle-Income Canadians Sinking Fast?
A new poll shows they’re struggling just to stay afloat The pandemic might be ending, but the financial struggles for…
How long does it take to rebuild credit?
Credit is a tool that lenders use to assess a borrower’s creditworthiness. Usually, credit evaluations happen before extending financing. Lenders…
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