The Canadian Investor Protection Fund is a crucial pillar of the Canadian investment industry that acts to safeguard your money. Here's how it works.
Thinking of getting an adjustable rate mortgage? Here's how it works and why it may or may not be the right mortgage for you.
Mortgage interest may seem like a straightforward concept, but in reality, things can get a bit technical and murky. Here's how it work in detail.
Can't decide between paying down your mortgage or investing? Here's the factors you need to consider to ensure you make the right choice for you
With a variable rate mortgage, your interest cost may change during your term. Here are the risks and benefits you can expect with this type of loan
A dividend is a payment a firm makes to its shareholders, usually in cash. It's a great way to earn passive income and share in a firm's profits
You won't find FHA mortgage loans in Canada, but there's an alternative available from a government-owned corporation that offers similar features.
A HELOC and mortgage are two ways to finance the purchase of a home. Before selecting one, ensure you know the pros and cons of each.
Are you unhappy with your current bank and considering switching to a new one? Here's how to do it the smart and hassle-free way.
If you're in need of financing, two great ways to borrow money are a loan and line of credit. Here's how they work and how they differ from each other
Everyone can benefit from having at least one bank account to help manage their money. Here's the entire process for opening one from start to finish.
The amount of credit you use can have a massive impact on your finances. Here's the reason why and how to calculate your credit utilization ratio.
Annual percentage rate (APR) is the cost of borrowing money through your credit card. Here's how it works and why it differs from the interest rate
A credit limit restricts the amount you can charge to your credit card. If you're unhappy with your current limit, there are ways to give it a boost
Your mortgage payments are made up of two components: principal and interest Here's how each is calculated and how they affect one another.
Refinancing your mortgage means you replace your existing mortgage with a new one. Here's how it works and when its worth pursuing.
A mortgagee is a lender that provides financing for a borrower to purchase a home. Here's what rights they have and who can act as one
Are you looking to make a small down payment toward your home purchase? If so, you'll likley need a high ratio mortgage. Here's how it works.
If you have a mortgage, you've probably heard of the concept of home equity. Here's what it means and how it can help you secure low-cost financing.
A down payment is a sum of money you pay upfront when purchasing a home. But is a down payment necessary? And how much do you need to contribute?
Both debit and credit cards serve crucial functions in your finances. Here's how the two compare with one another and the benefits each offers.
Money order and certified cheques both serve as payment methods. Here's how they differ and when it's preferable to use one over the other.
Loans can be classified as secured or unsecured. Learn the one crucial aspect that separates these two types of debt and how each works in practice
A secured credit card is an excellent tool for fixing or building up your credit score. Here's how it works and what you need to qualify for one.
Though it may be hard to believe, it's possible to have certain loans forgiven, which means you don't have to repay them. Here's which loans qualify.
An installment loan is a loan which you repay in equal installments over a preset time period. Here's how it works and how to get approved for one.
A chequing account is one of the most basic and essential financial tools you can use. Here's how it works and how it differs from a savings account.
A solid savings plan is a key ingredient in successful financial planning. Here's how a savings account can help you set aside money for the future.
A hybrid bank account combines the best that chequing and savings account have to offer. Read on to learn if you should consider opening one.
A unsecured credit card is one of the most popular financial tools around. Here's how it works, the benefits it offers, and what it takes to get one.
Looking for a way to obtain more discounts on the merchandise you buy or your next vacation? Then a rewards credit card may be a good fit for you.
At first glance, a charge card looks and functions exactly like a regular credit card. But there are some subtle differences that make it unique.
Have you ever wondered what a prepaid credit card is and if it's worth getting one? If so, here's a primer on how these cards work and what they offer
To acquire a secured loan, you'll have to pledge an asset you own as collateral. Here's how it works and why it may be worth getting one.
The Paycheck Protection Program (PPP) is a financial aid initiative implemented by the U.S. government to help small businesses. Here's how it works.
Occasionally, you may come across an illegitimate transaction on your credit card statement. By filing a chargeback request, you can get it removed.
When you make a credit card purchase online you'll have to provide your card's security code. Here's where to find it, and why it's so crucial.
Should your bank go bankrupt, your money may be lost forever. Luckily, the Canada Deposit Insurance Corporation will step up to cover your losses.
Real estate professionals charge commission fees for helping people buy and sell homes. Here's how they work and what you can expect to pay.
If you're an aspiring condo owner, be prepared to pay monthly condo fees. Here's why these fees are charged, what they cover, and what to watch for.
Is it really possible to get a no-interest loan in Canada? The answer is yes! But in some cases this form of financing comes with hidden traps.
Could you use a bit of extra cash after taking possession of your new home? If so, you might want to explore what a cash back mortgage has to offer
The Old Age Security (OAS) clawback can steal a sizable chunk of your OAS payments. Here's when it kicks in and what you can do minimize it.
Having trouble qualifying for a regular mortgage due to your low credit score? If so, you might want to explore what subprime mortgages have to offer.
Knowing the rules that govern mortgages in Canada can arm you with the knowledge to better qualify for one. Learn the basics using this helpful guide.
Has your bank account gone into overdraft recently? If so, you can expect interest charges to appear shortly. Is there a way to avoid them?
A line of credit can be a handy tool for financing large purchases and covering cash shortfalls. Learn how it can work for you in this detailed guide.
Has your mortgage come up for renewal? If so, here's what you can expect from the process and some tips on how to make the most of it.
Credit cards last only a few years before expiring. However, there are good reasons for their short lifespan - and getting a replacement is a cinch
The real estate market can be very competitive. Learn how some homebuyers try to gain an edge by using an aggressive tactic known as the bully offer
The "magic" of compound interest can help you reach your savings target sooner in life. Here's how it works and how to calculate it.
Thinking of breaking your mortgage contract? If so, you might have to pay a penalty known as the Interest Rate Differential (IRD).
Are you keen on studying law or medicine at university but worried about the high price tag? A professional student line of credit can help.
A collateral mortgage is a way to finance your home purchase and gain access to a line of credit. Find out if this type of mortgage is right for you!
Each financial institution has a unique three-digit code assigned to them. Learn why it's important and how to find the one used by your bank.
Are you and your family currently juggling multiple bank accounts? If so, this guide can help you decide if merging them into one is a better option.
Are you stuck with a title loan that's hurting your bank account? If so, there's options you can explore to escape it or lessen its impact.
A credit memo is a document that's routinely used in business, but can be a confusing concept. Learn how it works and why companies issue it.
With so many different types of credit cards around, knowing how each works can be challenging. This detailed guide covers what you need to know.
No one likes paying interest on a LOC. However, in certain cases, you may be able to deduct it from your tax return to reduce your tax bill.
Once in a while you may spot a negative balance on your credit card account. Here's why this might occur and what you can do about it
Looking to get a loan? If so, be prepared for lenders to perform a credit check on you before they approve your application. Here's what to expect.
Learn why your personal debt service coverage ratio is important, how to calculate it, and how lenders use it accept or reject your loan application
Saving enough money for retirement can be a formidable task. Learn how an RRSP can accelerate your savings rate and slash your tax bill along the way.
Is your low or non-existent credit score preventing you from obtaining financing? If so, see how a credit builder loan can help you give it a boost.
Do you lack the cash to contribute to your RRSP? If so, an RRSP loan can help you cover the shortfall. Learn how it works and if it's right for you.
Timely credit card payments are key to avoiding financial trouble. Learn how credit card billing works and how to pay your credit card bill.
Looking to train as a tradesperson but lack the funds to do so? If so, there's financial aid available through the Canada Apprenticeship Loan program
Are to thinking of co-signing a loan for someone? Before assuming this role, ensure you know your rights, risks, and responsibilities
Do you have a credit card you longer have any use for? Here's how to cancel it the safe and smart way in a few easy steps.
A bank draft is a popular payment method used for large purchases that doesn't require withdrawing cash. Learn how it works and why it's advantageous.
Credit cards are popular, convenient, and flexible financial tools. Does that mean that owning multiple cards is ideal? And can you own too many?
A line of credit is a loan product that offers a convenient and flexible way to borrow money when you need it. Learn how it works and how to get one.
Confused about the differences between open and closed mortgages? Here's how they compare with one another and how to select the one right for you
Credit unions and banks offer similar products and services, but one might be more suitable for you than the other based on some key differences
Both fixed-rate and variable-rate mortgages have their benefits and drawbacks. Here's what each has to offer, and how to pick the one right for you
Student loans and lines of credit are both popular ways to finance your post-secondary studies. Here's how they compare with one another.
Having trouble deciding how to finance your car purchase? If so, ensure you consider which option is more financially prudent rather than convenient.
Purchasing your first home can be exciting, but probably the largest purchase you'll ever make. Learn how the BC First Time Home Buyer's Program can help trim your costs.
Are you keen on buying your first home but short on money? The Home Buyers' Plan can help by turning your RRSP into your own personal bank.
Retiring early in Canada is possible, but it will take diligent planning, disciplined saving, and sincere dedication - and the willingness to forego some shopping sprees!
Mortgage default insurance is an expense you may have to incur when purchasing a home. Here's how much it could cost you - and how to avoid it
Are you looking to move to a new home, but wish you could take your mortgage with you? By porting it you can do just that. Here's how it works.
Understanding how credit card interest works and how to time your payments is crucial if you wish to avoid interest charges hitting your account.
Ever wonder why your current credit card balance sometimes differs from the one on your statement? Here's a breakdown of why that's the case.
Cash back credit cards allow you to earn rewards on your purchases that you can then redeem for cash. Here's how they work and how much you can earn.
To keep your credit card account in good standing, you must pay a minimum amount each month against your balance. Here's how minimum payments work.
Credit card debt can wreak havoc on your finances if not managed properly. Here are five strategies you can employ to wipe it out
Are you in need of a low cost, safe, and reliable way to send money overseas? If so, you might want to consider what Wise has to offer.
A credit card balance transfer can save you money on interest charges and help pay off your debt faster. Here's how it works and how to get started.
The "Big Five" refers to the five largest banks in Canada. In this guide, we explore who they are, how much they earn, and the amount of assets they own.
Credit cards are among the most valuable and practical financial tools. Here's how they work and the best practices to follow when using them
A blend-and-extend mortgage is an alternative way to obtain a lower mortgage rate without having to refinance and pay a steep prepayment penalty.