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
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