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
15 Cheapest Places to Live in Canada
In recent years, more and more Canadians prefer small towns and provinces to big cities, so the question for many is: What are the cheapest places to live in Canada? The country is considered the second cheapest country in the world in terms of living conditions. At the same time it is not the most… Continue reading 15 Cheapest Places to Live in Canada
GST Payment Date and Review
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
Retirement Planning: The Ultimate Guide on Retirement Finance
Retirement planning can be a bit challenging from a financial point of view. You are not working any more and it can be sometimes hard to find other sources of income, especially in case of urgent necessity. Taxes, inflation and existing debts can make it even more difficult to manage your finances. However, it is… Continue reading Retirement Planning: The Ultimate Guide on Retirement Finance
What is a Bank Draft and How it Works?
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?
Finance Management: Why Canadians Need Personal Financial Planning?
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?
Advantages And Disadvantages Of a Partner Mortgage in Canada
Canada is usually ranked as one of the best countries to live in because of its quality of life. So why do Canadians need a partner mortgage? Although Canada is considered a country with reasonable prices, the cost of real estate here is very high. Even in rural areas outside the city center, the cost… Continue reading Advantages And Disadvantages Of a Partner Mortgage in Canada
How Can You Get A Mortgage For Land?
One of the most popular questions for potential property buyers – what type of mortgage can be obtained on the most favorable terms? Nowadays, the land property is considered one of the most valuable assets a person can own. Many Canadians underestimate the value of this type of property, but ownership of a parcel of… Continue reading How Can You Get A Mortgage For Land?