News And Articles

Mortgage Pay Frequency

The Importance of Your Mortgage Pay Frequency – It Can Save You $1,000s!

February 23, 2018

When weighing mortgage options, most Canadians are obsessed by the rate they are being offered. News Flash: Given a choice of two rates, a lower and higher one, it is possible that your mortgage ends up costing you more (sometimes much more!) – even though you might have a comparatively lower rate! Find out how… Read More

Switching Your Mortgage Might Be Easier Than You Think

Switching Your Mortgage – It’s Easier Than You Might Think

February 22, 2018

  There is potential for huge savings for those who are adaptive and proactive in managing their mortgage. I see a lot of homeowners relying on their mortgage advisers or just keeping their head down and paying their way out of their mountain of debt. There are two significant reasons to move mortgage providers: getting… Read More

Paying Your Credit Card on Time – Benefits You Never Knew

February 20, 2018

So, the common perception about owning a credit card is: You whip out your credit card. You flash or swipe it. You pay your minimum balance outstanding. You pay interest on the remaining balance owed. You rinse, and you repeat each month. Well, what if you didn’t have to pay interest – and actually got… Read More

The Cashback Credit Card that Deserves a Bigger Spotlight

February 16, 2018

Do you have a rewards or travel credit card, but unsure as to what your points can get you? Have you accumulated thousands of reward points but, never redeemed them for anything?  Cashback credit cards provide a simple and transparent rewards program to their cardholders. It pays out cash to customers based on their spending. … Read More

RRSP - Golf

Quick and Easy 3 Minute Guide to RRSPs

February 12, 2018

A Registered Retirement Savings Plan is the most popular retirement savings scheme amongst Canadians. Not only does it reduce your income tax but also grows tax-free until the time you withdraw your contributions. So unlike a TFSA account, your savings grow while being tax-deferred rather than tax-free. Do I really need an RRSP? Not at… Read More

5 year fixed mortgage

Is a Five-Year Fixed Rate Mortgage Your Best Bet in 2018?

February 9, 2018

No single mortgage out there provides the best value for all home-buyers. Most of them have their merits for existing on the market; by targeting specific income bands, couples, first-time buyers. You get the gist. Moreover, with all these “unique,” “super saving” deals as well as cash-back incentives, it can be complicated to figure out… Read More

Should You Dip into Your RRSP To Pay For Your Loan?

February 8, 2018

Registered Retirement Savings Plans (RRSPs) are primarily meant to act as savings vehicles to help plan for Canadian’s retirement. However, while not their intended use, there are occasions where it may be justified to use those funds for non-retirement purposes.      A 2017 study titled “Canadians Using RRSPs to Fund Everyday Expenses and Debt Repayment”,… Read More

Personal Loans Vs. Pay Day Loans – The Difference is Huge

February 7, 2018

Canadian households are heavily in debt. A recent update of economic indicators in Canada reveals that Canadian families now owe much more than they earn. Many families continue to look for ways to borrow to pay down their debts, leaning towards conventional and unconventional loans to achieve their objectives     The grim realities of Canadian… Read More

Cash Card Vs. Credit Card – Know the Difference

February 6, 2018

Many Canadians use Credit Cards for routine purchases. But studies show that Cash is still King when it comes to Canadian spending habits. With Cash Cards however, you can enjoy the benefits of not having to carry around paper bills or loonies and toonies!   According to a report published late last year by the Bank… Read More

Recovering from Bankruptcy

Recovering from Bankruptcy – Getting Your Life Back on Track

February 5, 2018

Bankruptcy is a stressful event in one’s life. Any of you that have gone through such a declaration will know that it can be the start of a new way of living. It’s a scary process; the reality of losing non-exempt assets that in reality take the form of family keepsakes or even your home…. Read More