The recession of 2022 may have you wondering what exactly it is and what that means for the economy as well as your personal finances. While experts are still predicting whether or not it will occur, there are signs already that point to an economic downturn later this decade. What Is A Recession? A recession… Continue reading Recession 2022, What Is It And What It Really Means
For many, rampant inflation and skyrocketing prices have become a real challenge leaving almost no free money for covering daily needs. Canadians are struggling to reduce their spending, and a mortgage loan results to be an additional burden. If you feel like almost being on a financial edge, below you will find some tips helpful… Continue reading Mortgagor Survival Guide: How to Live with The Craziest Interest Rate in Decades
Nowadays, a financial advisor is a very sought-after professional in Canada. In general terms, this person is responsible for managing your money and you pay him a certain salary. It does not matter at all what part of your money the financier controls. It can be pension contributions, taxes, or investments. Below we will tell… Continue reading Financial Advisor: How To Choose The Perfect One
When is the GST payment date in Canada, what is it, what are the features of this tax, and who is eligible to receive it – these are questions that many locals ask. There are three different kinds of sales and service tax payments: GST, PST, and HST. Each has its own specifics and nuances. … Continue reading GST Payment Date and Review
This term is commonly used to refer to a financial instrument that is convenient to pay for large purchases. Usually, it is used to pay for the purchase of a house, car, or expensive equipment. There is no need to withdraw cash when you use it. What is a bank draft and how does it… Continue reading What is a Bank Draft and How it Works?
Managing personal finance is becoming some kind of a vital skill for people all over the world. For Canadians in particular. The recent surveys show that only half of the population of the country is secure about how they are going to pay bills next month. Every 1 in 6 Canadians admits that the monthly… Continue reading Finance Management: Why Canadians Need Personal Financial Planning?
Yes, early planning is one of them — and this is why we write about 2022 personal finance habits now, in November 2021. The pandemic is not going anywhere. The economy is at its peak or at its lowest historical point — depending on who’s talking. Inflation makes the headlines. The crash is around every… Continue reading Best 2022 Personal Finance Habits to Put in Your New Year Resolution
Credit cards are not just a way to pay for your purchases, in addition to the usual feature you can get various bonuses for using them. Some may offer you bonus fuel at the gas station, some — discounts in restaurants, or extra nights in hotels. And some of them may even offer you cash. First,… Continue reading Cash-Back 101: How it Works and How to Get More
Transferring money online is the best option these days. There is no need to write cheques, you can simply do it with your phone. But it is not always safe. During the pandemic, the desire for online payments or transfers increased dramatically. And so, unfortunately, did the scam. If a relative of yours needs to… Continue reading 5 Ways to Avoid Scam During Online Money Transfer