Some BNPL providers report your payment history to credit bureaus, which can positively affect your credit score if you make the payments on time. In addition, many BNPL providers only run a soft inquiry on your credit report to determine eligibility. That...
Why trust us MoneySense is an award-winning magazine, helping Canadians navigate money matters since 1999. Our editorial team of trained journalists works closely with leading personal finance experts in Canada. To help you find the best financial products, we compare the offerings from over 12 major...
Canada Pension Plan (CPP) deferral: CPP deferral is worth considering for any healthy senior in their 60s. If you live well into your 80s, you may collect more pension income than if you start CPP early, even after accounting for the time...
Best credit cards for online purchases By Keph Senett on July 2, 2024Estimated reading time: 3 minutes If you collect points or cash back on your in-store purchases, you may be well-versed in your spending categories. But sometimes (not always) an online purchase doesn’t “reward”...
Best credit cards for travel insurance by category By Keph Senett on July 2, 2024Estimated reading time: 5 minutes If you’re one of the nearly 80% of Canadians planning a trip outside your province or territory this year, you’re going to want to use a travel...
Known for their simplicity and versatility, cash back cards eliminate the hassle of tracking loyalty points and offer the ultimate reward—a percentage of what you spend back in cash. If you want to maximize your cash back rewards, start with one of these three cards, which...
Sometimes, emotions are the motivation for buying a vacation property. I like to evaluate a property purchase from a financial point of view as well—and here’s how. The costs of buying a vacation property Say, a property’s purchase price is $500,000. Whether you use...
Is a TFSA really tax-free? TFSA contributions won’t reduce your taxable income and generate a tax refund, unlike registered retirement savings plan (RRSP) contributions. However, where you do save on taxes with a TFSA is that the return you earn inside your TFSA is...
What to look for when test-driving a used GMC Yukon What else should you look for when shopping for a used Yukon? The AT4 trim grade features a high-tech suspension and rear axle that makes the drive simultaneously more comfortable and agile, and...
If the summer heat doesn’t get you, inflation will Canadians hoping for interest rate relief will likely have to wait a bit longer. The Consumer Price Index (CPI) reading for May came in at 2.9%, according to Statistics Canada. The money markets predict a...
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