Best Way to SAFELY Say Goodbye to A Credit Card When You Don’t Need It

If you want to cancel your credit card — you need to follow a few simple rules. The most important question here is, do you want to cancel one card or all at once? To avoid making mistakes — calm down and think twice about your decision. You need to close the card correctly, evaluate your financial… Continue reading Best Way to SAFELY Say Goodbye to A Credit Card When You Don’t Need It

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The Benefits of Registered Education Savings Plan (RESP)

When we say that students need every help they might get, we do not only refer to academics! RESP is an example of such assistance that young people must have. Costs of studying in Canada keep rising, greater than incomes can cover. Average fees of undergraduate students increased by 3.3 percent to $6,838 from 2018… Continue reading The Benefits of Registered Education Savings Plan (RESP)

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5 Most Common Mistakes that Canadian Families Make in Life Insurance

A recent survey conducted by the PolicyMe portal on statistics on life insurance services showed that many families with children use the services provided by a life insurance policy. But there is sad news as well: the survey also resulted in the majority of respondents making the five most common mistakes that cost them extra… Continue reading 5 Most Common Mistakes that Canadian Families Make in Life Insurance

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Investing in Copper Might Be Just as Profitable as Gold Now

Gold has long been seen as a successful investment, but it has its disadvantages. Copper appears to be an investment that gives similar returns as gold.  Since the beginning of the pandemic, copper prices have skyrocketed, reaching a huge value of $10,000 per metric ton.  China’s efforts to curb the existing commodities’ boom caused prices… Continue reading Investing in Copper Might Be Just as Profitable as Gold Now

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No Money Down Mortgage: All You Need to Get it Safely

No money down mortgage allows home buyers to purchase property with no money required at closing, except standard closing costs. Real estate prices are pretty high everywhere, but those prices are higher than anywhere ever in Canada. Mortgage in Canada is not just an option, and it is the only option most of the time.… Continue reading No Money Down Mortgage: All You Need to Get it Safely

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How to Make Non-deductible Mortgage Interest Tax Deductible

Use your principal property in two ways to benefit from the tax system in Canada and make mortgage Interest tax deductible. Let’s start from the very basics. Citizens of Canada, like citizens of any other country, are required to pay taxes. The tax system in Canada is based on the principle of self-assessment, which means… Continue reading How to Make Non-deductible Mortgage Interest Tax Deductible

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Mortgage Broker vs Bank: Everything You Need to Know

People use banks for a mortgage. Now they have more alternatives in the form of mortgage brokers. So, mortgage broker vs bank, which option is better? Difference Between Mortgage Broker and Bank There is a difference between mortgage brokers and banks. The former provides various alternatives for mortgages, while the banks present their services only.… Continue reading Mortgage Broker vs Bank: Everything You Need to Know

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Bad Credit Line of Credit in Canada: How to Still Get Approval

The instrument of credit line can assist you with covering high costs without paying the exorbitant loan fees related to charging cards. Bad credit line of credit Canada is one of the most popular reasons people get turned around in loan organizations.  How can you cheat the system and get approval with any kind of… Continue reading Bad Credit Line of Credit in Canada: How to Still Get Approval

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