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When you purchase a home, you suddenly find yourself swimming in a whole lot of information—property tax, mortgages, lawyer fees, home insurance, etc.  You were expecting many new responsibilities, but all this coming at you at…

With many different types of life insurance plans out there, choosing the right one can be difficult. Purchasing life insurance shouldn’t be daunting, after all, it’s a great way to ensure that your loved ones are …

The Bank of Canada announced today it’s keeping its overnight rate steady at a record-low 0.25 percent. While the central bank doesn’t directly set mortgage rates, its trendsetting rate does influence what Canadians pay on variable-rate … Read More

The Bank of Canada has announced it will be keeping its target for the overnight rate at 0.25%, marking almost 12 months since it initially slashed rates in response to the COVID-19 pandemic. The Bank initially … Read More

Retirement is a life chapter that many will spend decades planning for using a Registered Retirement Savings Plan (RRSP). RRSPs have been a staple of Canadian personal finance since 1957. Since then, financially savvy Canadian citizens have taken full advantage of the exceptional tax benefits that this savings program provides. To add icing to the personal finance cake, RRSPs can also hold various types of investments along with savings—all of which can grow tax-free.

The Bank of Canada announced it is keeping its target for the overnight rate stable, at 0.25%. This is the effective lower limit of the overnight rate.