Tips on building a credit score Paying your full balance each month shows you’re using credit correctly—you’re budgeting—your spending doesn’t exceed your earnings. Young consumers are still getting into trouble during this life phase, said Thuy Lam, a certified financial planner at...
What does it mean for Canadians as borrowers and savers when interest rate cuts happen? On the positive side, it means we’re starting to get inflation under control, and lenders are beginning to offer lower rates on mortgages and other types of...
I don’t think anyone should be afraid of owning big-cap tech because these companies are ingrained in our everyday lives and in our businesses. Try to do business without Nvidia chips or Microsoft software. The world needs big-cap tech—and so do the...
His career began in 1995 spending two years as a life insurance agent and two years at a bank before forming Atlantis Financial Inc. Over those years he has developed his three-step interactive approach to financial planning: life planning, financial planning, followed...
Many credit cards now offer mobile device insurance, and it’s easy to see why. Smartphones aren’t cheap, so having his type of insurance is a...
Average savings by age in Canada Canadians aren’t doing too badly when it comes to average savings, socking away funds both inside and outside of registered retirement savings plans (RRSPs). According to Statistics Canada data from 2019 (the most recent information available), we’ve...
But lately, it’s requests to haul cats and dogs that have been raining down on him. “It’s been growing,” said the owner of Ottawa-based emBARK Pet Transport. “Lots of people are moving for work. And some people just want to be with their...
There is a spousal attribution rule with spousal RRSPs that applies if you take withdrawals within three years of your spouse contributing. This may result in the withdrawals being taxed back to the contributor. When you combine an RRSP and a spousal RRSP,...
In a report released on the fourth annual National Day for Truth and Reconciliation, the credit rating agency said Indigenous-related capital markets activity is on a steady upward trend with “considerable potential” for more. “We have seen a gradual increase in capital markets...
“Spend money on one or two nice things per season rather than buying 10 or 20 things you’re only going to wear a couple of times, realistically,” Barber says. “I track what I purchase on a spreadsheet. I don’t buy impulsively. If...
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