You may have heard on the news or social media about the inflation in Canada, but do you know what it actually means? Inflation occurs when prices increase, and can also be referred to as price inflation. When inflation rises, the cost of living increases, which can make it difficult to cover everyday expenses—especially if… Continue reading Is This The Inflation Canada Should Brace For?
How To Successfully Get Through A Recession In Canada
No matter how well you prepare, there will always be rough patches in your career. The question isn’t whether or not you’ll face a recession, but when you’ll face one and how to best handle it when it comes up. There are a couple of steps you’ll want to follow to help you successfully get… Continue reading How To Successfully Get Through A Recession In Canada
Recession 2022, What Is It And What It Really Means
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
Mortgagor Survival Guide: How to Live with The Craziest Interest Rate in Decades
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
Financial Advisor: How To Choose The Perfect One
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
Is Life Insurance Taxable in Canada
Life insurance is a fairly popular service among Canadians. It allows you to provide your relatives with a fairly large payout after the death of the policyholder. The money can be spent for any purpose, so the insured person thus helps relatives cope with financial problems. However, many Canadians are wondering: is life insurance taxable… Continue reading Is Life Insurance Taxable in Canada
How Does Life Insurance Work in Canada
Life insurance is an important issue that concerns many Canadians. However, not all of them dare to take out life insurance. We all want to live happily ever after, and we don’t think about what will happen when we are gone. But life is unpredictable, and people who do not want to burden their loved… Continue reading How Does Life Insurance Work in Canada
Gig Economy in Canada & Life Insurance
The gig economy in Canada has grown rapidly in recent years, so the importance of providing for this demographic is growing. Its trend has been heavily influenced by the pandemic, where many Canadians have had to rethink their positions and look for freelance work. Gig workers and self-employed citizens are now a key part of… Continue reading Gig Economy in Canada & Life Insurance
What Is The Prime Rate in Canada And Why Should You Care About It?
In recent years, the economic situation around the world has shaken a lot, which of course has had an impact on Canada’s prime rate. A couple of years ago, the prime rate was 2.45%, but recently this has risen to 3.20%. What is the prime rate, what does it affect, how it has changed in… Continue reading What Is The Prime Rate in Canada And Why Should You Care About It?
Couch Potato Investing
Couch Potato Investing is a popular investment strategy that does not require good financial investment knowledge. It was developed in 1991 by the famous financier Scott Bernst as an alternative to people who were paying separate specialists to manage their investments. Canadian couch potato is a passive strategy and is more suitable for investors who… Continue reading Couch Potato Investing