Philip Porado

you’re facing a significantly higher mortgage payment at renewal, a possible solution is to extend the amortization period of your mortgage (the length of time over which your payments are spread out).

With files from Jordan Lavin There’s a lot to figure out when you first move to Canada. It doesn’t take long to learn how to shovel snow, why …

Baby boomers have been among Canada’s most efficient savers. They’ve taken solid advantage of RRSPs and corporate pension plans that require contributions from monthly paycheques. In some ways, it seems counterintuitive to look at savings opportunities … Read More

It’s a conundrum. Young people trying to make it on their own face a lot of expenses at a time when they’re not generally earning much. And, yet, the best time to start saving is when … Read More

It’s commonly believed that any investment can be placed within an RRSP. And while it’s true the majority of investments the average person would choose to shelter in a registered account are fine, there are a … Read More

TFSAs are a great savings vehicle, but a couple of quirks make it possible to accidentally over-contribute—a mistake that incurs tax penalties.