Although credit cards with annual fees generally dole out more rewards and higher payouts, there are reasons why picking up a fee-based credit card might not make financial sense (like if you’re a student or on … Read More

In an ideal world, you’ll have paid off all your debt and be completely out of the red before buying a home. But with credit card debt a reality for many (roughly 1 in 3 Canadians … Read More

On April 8th, the Office of the Superintendent of Financial Institutions (OSFI) announced that it is relaunching its consultation on the minimum qualifying interest rate for uninsured mortgages. Usually, mortgages with a 20% down payment do … Read More

Life insurance plans are rarely one-size-fits-all. Typically, you’ll have the core of your plan’s coverage, and then, depending on your unique situation, you can add on extra benefits.  These add-ons are called riders, and they can … Read More

Cash back credit cards do exactly what their name suggests: they refund a small percentage of your purchases either as a credit on your statement or as cash in your bank account. Each cash back credit … Read More

While the process of applying for a mortgage hasn’t changed significantly in 2021 (besides becoming a little more online friendly), a lot has changed about getting a mortgage during COVID-19. In particular, there are extra considerations … Read More

The first-time homebuyers’ tax credit allows you to claim back $750 on your tax return after buying your first home in Canada. Here’s what you need to know.

If you have a family, odds are, you need life insurance. If you die, your designated beneficiary will receive a lump sum death benefit. This benefit helps pay for any financial obligations your partner can’t manage … Read More

Getting a mortgage with bad credit is not impossible, but it can be tricky. Here’s how to get a mortgage with bad credit in Canada

If you’ve been carrying debt on your credit card that you can’t seem to pay off because of the monthly interest charges, you should consider using a balance transfer credit card to help you eliminate your … Read More