Wondering where to invest $100k to make the most out of your money? There are multiple investment options in Canada, some are relatively safe while others come with a lot of risks. Here are 5 common investment strategies to make your money grow. Before you invest $100k Since $100,000 is a large investment, you can …
To determine creditworthiness, a borrower undergoes an assessment that measures the requirements of a financial obligation and debt. This quantitative measurement is known as credit rating. This quantitative assessment is attributed to any entity that is looking at borrowing money such as a person, a corporation, a government, a state, or provincial authority. Organizations that …
Once a product is manufactured and a sale is closed, VAT is collected at the point where such the product is sold. This system of taxation is put in place to be paid by the consumer at the endpoint of the production chain. The Canadian Revenue Agency takes tax evasion very seriously, however, the VAT …
When people are asked about cryptocurrency, the first word out of their mouth is usually “Bitcoin”. Many people tend to pay a lot of attention to Bitcoin and it is often easy to forget that there are hundreds of other cryptocurrencies. As a matter of fact, a research by Investopedia, states that there are over …
Bank draft and Money Order are common terms in Canadian Banking. But what really do they mean and how does it work? How are they different from each other? In this piece, we analyze these terms and compare them. What is a Bank Draft? A bank draft is A payment made on behalf of a …
A Credit Default Swap (CDS) is a financial agreement that is contractual in nature and which allows an investor to share credit risk with another investor. In simple terms, a CDS is a default insurance on a loan or bond. If a lender is concerned that a borrower will default on a loan, the lender …
The basic idea behind sending and receiving mails in a mailbox is similar to having a bitcoin address. Unlike physical mails in the mailbox, bitcoin facilitates an exchange of value. If you wish to sell or buy anything with bitcoin, you need an address. If you are sending and receiving funds from a location, you …
Trading bitcoin without verification is also known as anonymous trading. When Satoshi Nakamoto launched Bitcoin in 2009, he described it as a “peer-to-peer electronic cash system”. Ironically, today, many crypto whales, hodlers, traders, and investors are relying heavily on various centralized exchanges to act as intermediaries when processing trades. These centralized exchanges developed as a …
Coming up with business ideas that suit your skills, aspirations, and accommodates the home front may seem quite daunting. To make it easier, we have put together a list of 10 popular businesses by women in Canada. Female Small business owners today are taking advantage of online avenues and new technology to earn money. So …
As the crypto revolution grips the global finance sphere, people have grown increasingly curious about relevant concepts in the crypto world. Do you find yourself struggling to keep up with buzzwords like coins, tokens or blockchain? Calm your nerves, you are not alone. Quite notably, Coins and tokens are used often used interchangeably in the …
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