If you’re currently planning for retirement, you may have already heard about annuities. But if you’re still a couple of years away from retiring or even thinking about retiring, you might not have much of an idea of what an annuity is. When the decision to retire finally comes around, though, it’s essential to understand […]
5 Ways to Take Control of Your Debt Now!
All Canadians have to deal with debt at some point in their life. Whether it’s for paying for school, buying a house, or getting a car, there will come a time when you will have to take on debt to help you achieve the goals you have. But this isn’t a bad thing. Taking on […]
When Should You Look for Help from a Financial Professional?
Finances can get out of control quickly and you may not realize something is wrong until it’s too late. Many Canadians are in some sort of debt, and it can be difficult to find a way to financial recovery. Searching for solutions can be stressful if you’re not sure what to do, but a Licensed […]
How to Use Your CERB or CRB Benefit Properly
If you’re one of the millions of Canadians who have applied for and received the Canada Recovery Benefit (CRB) or the Canada Emergency Response Benefit (CERB), you may have breathed a sigh of relief to have some financial support in an unpredictable time. At the same time, you may be wondering what the best ways […]
How COVID-19 May Affect Your 2020 Taxes
March 2021 will mark the first anniversary of COVID-19 changing the world as we know it. Virtually every aspect of our daily lives has been affected by the virus, and our finances are no exception. Many different benefits came to aid millions across Canada. However, these benefits are taxable, have different tax rules, and can […]
Should You Use Payday Loans to Make Ends Meet?
Almost everyone has been at a point in their life where they are struggling to make ends meet. According to Equifax Canada, the average person in Canada has about $73,000 worth of consumer debt. For every loan or credit card you take on, you can also expect minimum payments and interest rates to add to […]
What CERB Could Mean for Your Finances
When Canadians went on lockdown back in March, many people were left wondering what would happen to their finances when they couldn’t go to work. The government responded with the Canada Emergency Response Benefit (CERB), a financial aid program that supported Canadians who lost work due to COVID-19 by supplying them with up to $2,000 […]
Emergency Funds: What Are They & How They’ve Changed Over the Years
If there is something that 2020 has taught us, it’s the importance of having an emergency fund. Life is unpredictable, even at the best of times, and Covid 19 has taught us to have a financial Emergency fund if nothing else. Emergencies aren’t exclusive to this year either; many of us, every single day, may […]
What Marriage (& Divorce) Can Mean for Your Finances
What are your plans for going into the future? Are you thinking about focusing on your career, expanding your skills, reaching the highest possible salary you can achieve and looking to settle down, get married, and have some kids? Whichever choice is yours, there are going to be some financial decisions at various points along […]
What Money Means at Different Points in Your Life
When you’re young, finances are probably not the first priority you have in your life. But, you’ll soon find that money will become far more important to you as you grow older. Whether it’s saving for a vacation, buying a home, or getting ready for retirement, each of these goals revolves around one thing: your […]
