Learning to write a check is a skill that can come in very handy anywhere in Canada. 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 …
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 relief 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 …
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 …
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 …
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 …
It’s another head-to-head between two of Canada’s largest and finest financial institutions – CIBC and RBC. CIBC results from the merger between The Canadian Bank of Commerce and the Imperial Bank of Canada on June 1, 1961. With an asset total of C$769 billion in 2020, 11 million customers, and almost 44,000 employees, CIBC is …
Trying to find the best business credit cards in Canada can be tricky because most financial institutions provide credit cards with unique functions and advantages. The best business credit card ultimately boils down to the type of business you run, how often you travel (for airport lounge access or rental perks), and whether you prefer …
When a person writes a cheque to you, it is standard practice for you to endorse the back of the cheque before you deposit or cash it. Endorsing a cheque in Canada is straightforward as it only needs to include any further details in addition to signing your name. Providing this information allows the bank …
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