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4 Costly Money Habits That Are So Last Year

4 Costly Money Habits That Are So Last Year

Old habits die hard, perhaps even more so when it comes to money.  Half of Canadians (51%) are concerned about their finances, but the majority have not changed their unconscious spending habits compared to six months ago, according to an October 2022 survey of over 1,500 Canadian adults conducted by FP Canada, a national trade […]

Will COVID-19 Benefit Repayments Shrink Your Tax Refund?

Will COVID-19 Benefit Repayments Shrink Your Tax Refund?

If you’re one of the millions of Canadians who received federal assistance related to the COVID-19 pandemic, the government isn’t quite done with you. Those COVID-19 benefits could impact your 2022 income taxes. Eligible recipients will be required to add COVID benefit amounts to their taxable income, which could lead to higher tax bills or […]

7 Canadian Tax Changes That Might Affect You in 2023

7 Canadian Tax Changes That Might Affect You in 2023

The past year has seen a lot of economic volatility, thanks to COVID-19 developments and high inflation.  As a result, there are a number of changes that Canadian taxpayers need to be aware of when filing income tax returns in 2023 and beyond. 1. New tax brackets To help Canadians keep up with inflation, which has […]

Should You Use a Personal Loan for Home Improvements?

Should You Use a Personal Loan for Home Improvements?

Desperate for a bigger bathroom? Hungry for a kitchen that actually makes you want to cook dinner from scratch? Home improvements can increase the value of your home and your quality of life, but often come with price tags in the tens of thousands — more than many people have in their savings account.  Twenty-seven […]

3 Ways to Take on a Budget-Busting Mortgage Renewal

3 Ways to Take on a Budget-Busting Mortgage Renewal

Posted three- and five-year fixed mortgage rates are higher than they’ve been since 2010, while variable rates have ballooned by 4.25% in under a year. If you’re nearing your mortgage renewal date, you could be facing a nightmare scenario.  In a vacuum, elevated rates would be enough to stretch homeowners’ finances. But with decades-high inflation […]

How The Tax-Free First Home Savings Account Can Help You Buy A House

How The Tax-Free First Home Savings Account Can Help You Buy A House

First-time Canadian home buyers will soon have access to a new savings and investment tool to help them prepare for their initial run at the housing market: the First Home Savings Account. Combining aspects of tax-free savings accounts and registered retirement savings plans, the FHSA is a registered account in which you can save up […]

6 Things That Are Free With the Right Credit Card

6 Things That Are Free With the Right Credit Card

Many Canadians are aware that they can earn rewards or cash back with the right credit card. What’s less known is that many credit cards offer additional free benefits that can be incredibly valuable.  And it’s not just the premium, hard-to-get cards either —  some low- and no-fee cards also offer impressive extras. Keep these […]

How Many Credit Cards Should I Have?

How Many Credit Cards Should I Have?

Whether you’re looking to earn more rewards, improve your credit or cover a few extra purchases every month, the idea of getting a second (or third, or fourth) credit card may be intriguing. There are no laws in Canada preventing you from having multiple credit cards, and there are definite benefits to carrying more than […]

Overpaid Credit Card? Here’s What to Do

Overpaid Credit Card? Here’s What to Do

Paying off your credit card in full every month is a healthy financial habit. Not just in terms of avoiding any accumulated interest, but also for protecting credit score and managing your money. But even careful budgeters can find themselves with an overpaid credit card, on occasion. Understanding how credit card overpayment happens can help […]

What Credit Score is Needed for a Credit Card?

What Credit Score is Needed for a Credit Card?

Your credit score, the three-digit number that lenders use to assess your ability to pay back loans, is easy enough to find out. You can check your credit score by reaching out directly to one of Canada’s credit bureaus. The score credit card issuers want before they’ll approve you for one of their products is […]

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