You want to buy a car, but you don’t know how to finance it. That’s the story of many a Canadian. They are stuck on the crossroads between a car loan from a bank or a dealer. Luckily for you, both options have unique benefits that may suit your situation. Read on to find out …
Is it Better to Get a Car Loan from Bank or Dealer? Read More »
If you’d like to put your raging spending on a leash, you should consider checking some of the budgeting apps out there. Most budgeting apps have similar functions, although there are quite a few with unique features. Because these apps are in their hundreds – if not thousands, you must pick the app that works …
Are you struggling to open a bank account as a citizen or resident of Canada? Or are you planning to migrate to Canada and you are overwhelmed with the thought of how to get a bank account? Do you need to open a bank account in Canada as soon as possible, but simply can’t leave …
The ability to control your finances is a skill you’ll have to hone once you arrive in Canada. You can fritter your savings in many ways, so be on guard from the get-go. Ensure you have a good idea the cost of rent, utilities, as well as taxes. If you arrive without a job, you …
Canada has a financial system anchored on conservatism, which means small calculated risks return even lesser rewards, 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 …
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 …
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 …
Cheques are a staple for banking transactions, and even though they aren’t as relevant as before, you still need to understand how they work. It doesn’t matter whether you’re setting up automatic payments or making a deposit; it is necessary to know how to read a cheque – especially if you can write one. Cheques …
The two biggest banks in Canada go head to head on this one, and it is sure going to be an interesting comparison. Comparing revenue, the Toronto-Dominion Bank or TD Bank comes out on top as the biggest dog in the yard with a net revenue earning C$11.89 billion in 2020, assets valued in 2019 …
If you’re a newcomer to Canada or plan to immigrate soon, you need to contend with many issues like jobs, housing, education, and more. One thing you wouldn’t need to worry about is the right bank for your financial needs. Canada is well-known globally for its strong financial institutions, and most Canadians can have their …
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