Credit cards are among the most common reasons so many Canadians struggle with debt. In fact, 88% of debtors had a median credit card balance of $13,827 in 2019. When you couple credit card debt with mortgages, car payments, and student loans, it’s not difficult to imagine your finances taking a tailspin if you’re not […]
There are some basics of credit scores and what they mean. If you’ve had any consumer credit, like a credit card, car loan or personal line of credit, the details are recorded in the credit bureau. This is a quick and efficient way for lenders to see if you are a reliable borrower. The Types […]
Buying a house is arguably the largest purchase you’re ever going to make, and almost every single person pays for their house by way of a mortgage. Mortgages are a specific type of secured loan you set up with your lender (typically a bank) to pay for your house over a period of time. Mortgage […]
The COVID-19 pandemic has changed the way we looked at our money forever. Studies have shown that 1 in 3 Canadians have felt an impact on their finances since the first lockdown happened in March 2020; an impact that has reduced their income, changed how they saved, and even pushed their retirement plans to a […]
Alberta’s financial future is changing. While many people in our province found themselves out of a job once the pandemic hit, the Canadian government responded with a flood of different benefit programs designed to help lower-income workers keep their heads above water. Insolvencies decreased across the country during the pandemic partly due to government financial […]
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 […]
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 […]
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 […]
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 […]
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 […]
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