Credit unions are a big part of the Canadian banking system. Canada’s credit unions have more than 5-million members, and there are hundreds of local credit unions and caisses populaires serving communities from coast-to-coast. While credit … Read More
A recent survey from BDO suggesting that 3 in 10 Canadians don’t have enough money to meet their needs highlights just how important it is for parents to teach their children about personal finance. It is … Read More
Living a lifestyle that you can’t afford can seem like a seductive dream to some, and a debt trap to others. Marketers everywhere present us with options for lifestyles we want but can’t afford. Or can … Read More
As a Canadian, it’s rare that you’ll make a direct investment yourself. Residential real estate and other appreciable property (like collectables or gold, for example) are the most common exceptions to this rule. You can buy … Read More
Having a regular savings account means you’ll earn little interest. But if you choose a high-interest savings account offered by a smaller financial institution, you can earn a lot more interest. As of Sept. 23, 2018, … Read More
Chequing account fees are expensive. In Canada, some premium accounts cost as much as $30 every month – that’s $360 every year. And even though those high-end options come with all the bells and whistles you … Read More
Seasons change and the lush greens turn to bold reds, bright oranges, and yellows. You admire the beauty from inside your home. A cool gentle breeze caresses by and you go to close the window, but … Read More
Got kids? The Canadian federal government wants to give you more money. The Canadian Child Benefit (CCB) replaces the Canada Child Tax Benefit, the Universal Child Care Benefit, and income splitting. It’s a more straightforward plan … Read More
We know – it’s not even mid-September and the stores are full of Halloween decorations and costumes. It seems a bit premature to be thinking about everything pumpkin spice, so why even bother thinking about Christmas? … Read More
The humble bank account – in all of financial services it seems to be the product that is easiest to understand. Money goes in, it sometimes earns interest, you often pay fees, and then you withdraw … Read More