Before locking into a familial loan, both parties must assess whether they are on the same page and are in a position to take on this type of agreement—along with knowing the power and relationship dynamics that could come with it. Here...
The best Air Miles credit cards By Keph Senett and Luca Tatulli on July 9, 2024Estimated reading time: 10 minutes The Air Miles loyalty program is one of the most established and popular in Canada. Though it lost some of its lustre in recent years, BMO...
Sticker prices at dealerships have started to come down and affordability is improving, said Daniel Ross, senior manager of industry insights with Canadian Black Book. “The new car market is normalizing faster than the used car market,” he said. “You have the inventory,...
Maple Leaf Foods (MFI/TSX) is spinning off its pork business into a new publicly traded company, the firm announced Tuesday. It’s something that’s been in the works for a little while, but the time is now right, said chief executive Curtis Frank...
There are a few supports and programs in place for first-time buyers in Canada, including the Home Buyers’ Plan and the first home savings account (FHSA). First-time home buyers may also be eligible for land transfer tax rebates. Chances are, if you’ve...
But I refuse. I like my space and living on my own. And, whether they’re a paying roomie or a romantic partner, in the words of one Whoopi Goldberg, “I don’t want somebody in my house.” So, when I moved out on...
By Erin Pepler and Justin Dallaire on July 8, 2024Estimated reading time: 17 minutes Buying your first home is an exciting experience, but it can also be an overwhelming one—especially if you’re not sure where to start. That’s why we’ve outlined some simple steps...
You should have a retirement plan that accounts for the hope that you will have a long, healthy life ahead, as well as a will that outlines your wishes for when you die. A lot can happen in the next five to...
Withdrawing from an RRSP before age 70 Are you thinking you’d like to withdraw everything from your RRSP before starting your OAS or age 70? This way, if you die after age 70, there’s no RRSP/RRIF to transfer to your wife, no resulting...
The pros and cons of a 30-year mortgage Signing up for a 30-year mortgage allows a buyer to stretch their mortgage payments over a longer period of time. “You’re spreading your debt over five extra years [compared to 25-year mortgages]. That usually gets...
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