Canada has a financial system anchored on conservatism, which means small calculated risks return even lesser reward, so you’d expect your regular savings account to earn a low interest. But if you’d like to make good money on your deposit, a high-interest savings account (HISA) is your best choice. However, there is so much to …
Love may not cost a thing, but the cost of a wedding in Canada can drown you in debt. A typical Canadian wedding costs nothing less than C$42400. This figure includes the bride and groom attire, ceremony and reception, honeymoon, and other expenses. However, the price of a wedding could be lower or more expensive, …
As the name implies, TFSA (Tax-Free Savings Account) in Canada is a type of savings account that provides tax reliefs on contributions. This means that whatever income you earn in your TFSA won’t be taxed even when you make a withdrawal. TFSAs are great for savings compared to a non-registered investment account or regular savings …
The ever-growing importance of Big Data is as a result of BI (Business Intelligence). Today’s businesses need to understand the value of data and how to utilize it to their advantage. Little wonder some of the biggest companies in the world like Facebook and Google are data companies. From food blogs to Fortune 500 conglomerates, …
There comes a time in your life when you’d have to ask yourself how many credit cards are enough for your financial health. For every rule, there is an exception, but in this case, there are no rules nor exceptions as to how many credit cards you might need. The straight to the chase answer …
How Many Credit Cards Should You Have in Canada? Read More »
Finding the best student credit card for your needs can be a daunting task, especially with the many options out there. We’ve reviewed some of these credit cards for students in Canada. Many Canadian students find the transition from high school to college a steep hill to climb. Not only will they be living away …
Bankruptcy is not an attractive option for anyone and it’s not unfounded to wonder what might happen if you choose to declare bankruptcy in Canada. Although it hurts to go bankrupt, sometimes, declaring bankruptcy could be the light at the end of the tunnel on your journey towards debt relief and financial stability. In this …
Have you been asked to provide a void cheque and don’t know what it means? When you set up automatic payments for a direct deposit or a utility company, or other recurring bill payments involving your checking account, you may be asked to provide a voided cheque alongside your paperwork. Learning how to void a …
Knowing how to write a check in Canada is a skill that can come in very handy. In today’s digital world, most financial transactions are carried out online. Nonetheless, it is necessary to practice proper banking etiquette when you visit a physical bank, and one of the ways to do so is to learn how …
Secured credit cards like the TD Secured Credit Cards are credit cards that are backed by a security deposit. Canadians who want a secured credit card must deposit funds with the credit card issuer. The funds may be one or two times higher than the available credit limit. The deposit is “secured” because it protects …
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