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 […]
Financial Reviews for Seniors
Financial planning is a lifelong process. No matter your age or financial status, nearly everyone benefits from reviewing their financial situation and practicing good financial habits to secure their assets and their quality of retirement. Even if you’re retired or planning retirement, you do not want to find yourself in a situation where your savings […]
How Scams Are Targeting You & Your Money
No matter who you are, there is a good chance a scam may have targeted you in the past. Scams can come in various formats, and they’re adapting every day to separate you from your money as much as possible. According to the Canadian Anti-Fraud Centre (CFAC), nearly 13,000 Canadians have lost over $51 million […]
SIX Actionable Ways to Protect Yourself During Tough Economic Times
1. Develop Additional Income Streams Most adults have formal full or part-time employment. Many also have additional passive or alternative incomes as well. This additional income is a boon generally but especially during tough economic times. As long as you have a computer and reliable internet access, there are likely opportunities for you to take […]
Rebuilding Your Credit Using Secured Credit
After bankruptcy or prolonged debt, it can be difficult to know where to start when rebuilding your credit. When filing for bankruptcy, your Trustee can advise you on ways to rebuild your credit and maintain a solvent budget. Bankruptcy or not, overloading your credit cards and not making minimum payments will certainly crash your credit […]
