Mark Gregorski

Mark is a freelance writer who specializes in covering personal finance topics related to investing, mortgages, credit cards, and more.

He is passionate about educating people on how the financial markets work and providing tips to help them better manage their money. Mark holds a bachelor’s degree in finance from the Northern Alberta Institute of Technology and has more than a decade of experience as an accountant.

Outside of writing and finance, he enjoys playing poker, going to the gym, composing music, and learning about digital marketing.
Best High Interest Savings Accounts in Canada

Best High Interest Savings Accounts in Canada

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.

How to Switch or Change Banks in Canada

How to Switch or Change Banks in Canada

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.

How to Increase Credit Limit?

How to Increase Credit Limit?

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

Canadian Investor Protection Fund (CIPF) Coverage Explained

Canadian Investor Protection Fund (CIPF) Coverage Explained

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.

What is an Adjustable Rate Mortgage in Canada?

What is an Adjustable Rate Mortgage in Canada?

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.

How Mortgage Interest is Calculated

How Mortgage Interest is Calculated

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.

Pay Off Mortgage or Invest in Canada?

Pay Off Mortgage or Invest in Canada?

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

What is a Variable Rate Mortgage in Canada?

What is a Variable Rate Mortgage in Canada?

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

What is a Dividend and How Do They Work?

What is a Dividend and How Do They Work?

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

FHA Loans Are Not Available in Canada, Here’s The Equivalent

FHA Loans Are Not Available in Canada, Here’s The Equivalent

You won't find FHA mortgage loans in Canada, but there's an alternative available from a government-owned corporation that offers similar features.

HELOC vs Mortgage in Canada: How to Choose

HELOC vs Mortgage in Canada: How to Choose

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.

Personal Loan vs Line of Credit: What’s the Difference?

Personal Loan vs Line of Credit: What’s the Difference?

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

How To Open a Canadian Bank Account

How To Open a Canadian Bank Account

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.

Credit Utilization Ratio Explained for Canadians

Credit Utilization Ratio Explained for Canadians

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.

What is APR on a Credit Card?

What is APR on a Credit Card?

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

What is Credit Limit?

What is Credit Limit?

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

What is Mortgage Principal?

What is Mortgage Principal?

Your mortgage payments are made up of two components: principal and interest Here's how each is calculated and how they affect one another.

Mortgage Refinancing in Canada

Mortgage Refinancing in Canada

Refinancing your mortgage means you replace your existing mortgage with a new one. Here's how it works and when its worth pursuing.

Who is Mortgagee in Canada?

Who is Mortgagee in Canada?

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

What is a High-Ratio Mortgage in Canada?

What is a High-Ratio Mortgage in Canada?

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.

What is Home Equity and How You Can Use It (Line of Credit and Loan)

What is Home Equity and How You Can Use It (Line of Credit and Loan)

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.

Mortgage Down Payments in Canada Explained

Mortgage Down Payments in Canada Explained

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?

Debit Card vs Credit Card: When To Use Each

Debit Card vs Credit Card: When To Use Each

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 vs Certified Cheque: What’s the Difference?

Money Order vs Certified Cheque: What’s the Difference?

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.

Unsecured vs Secured Loans in Canada: What’s the Difference?

Unsecured vs Secured Loans in Canada: What’s the Difference?

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

Best Secured Credit Card in Canada

Best Secured Credit Card in Canada

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.

Forgivable Loans in Canada

Forgivable Loans in Canada

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.

What is an Installment Loan in Canada?

What is an Installment Loan in Canada?

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.

Best Chequing Accounts in Canada

Best Chequing Accounts in Canada

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.

What is a Hybrid Bank Account in Canada?

What is a Hybrid Bank Account in Canada?

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.

Best Credit Cards in Canada

Best Credit Cards in Canada

A 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.

Best Rewards Credit Card in Canada

Best Rewards Credit Card in Canada

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.

Best Charge Cards in Canada

Best Charge Cards in Canada

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.

Best Prepaid Credit Card in Canada

Best Prepaid Credit Card in Canada

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

What is a Secured Loan in Canada?

What is a Secured Loan in Canada?

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.

PPP Paycheck Protection Program Loan Explained

PPP Paycheck Protection Program Loan Explained

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.

What is a Chargeback?

What is a Chargeback?

Occasionally, you may come across an illegitimate transaction on your credit card statement. By filing a chargeback request, you can get it removed.

What is CVV or Security Code on Credit Cards?

What is CVV or Security Code on Credit Cards?

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.

Canada Deposit Insurance Corporation (CDIC): What It Is & How Much It Covers

Canada Deposit Insurance Corporation (CDIC): What It Is & How Much It Covers

Should your bank go bankrupt, your money may be lost forever. Luckily, the Canada Deposit Insurance Corporation will step up to cover your losses.

How Much is Real Estate Commission in Canada?

How Much is Real Estate Commission in Canada?

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.

Condo Mainteance Fees in Canada Explained

Condo Mainteance Fees in Canada Explained

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.

No Interest Loans in Canada: Too Good To Be True?

No Interest Loans in Canada: Too Good To Be True?

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.

What is a Cash Back Mortgage in Canada?

What is a Cash Back Mortgage in Canada?

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

What is OAS Clawback? (2022)

What is OAS Clawback? (2022)

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.

What is a Subprime Mortgage in Canada?

What is a Subprime Mortgage in Canada?

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.

New Mortgage Qualification Rules in Canada

New Mortgage Qualification Rules in Canada

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.

What is Overdraft Interest in Canada?

What is Overdraft Interest in Canada?

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?

Best Line of Credit with Rates in Canada (2022)

Best Line of Credit with Rates in Canada (2022)

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.

How to Renew Your Mortgage in Canada

How to Renew Your Mortgage in Canada

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.

Understanding Credit Card Expiration Dates

Understanding Credit Card Expiration Dates

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

What is a Bully Offer in Real Estate in Canada? (Pre Emptive Offers)

What is a Bully Offer in Real Estate in Canada? (Pre Emptive Offers)

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

What is Compound Interest?

What is Compound Interest?

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.

Interest Rate Differential (IRD) Calculation in Canada

Interest Rate Differential (IRD) Calculation in Canada

Thinking of breaking your mortgage contract? If so, you might have to pay a penalty known as the Interest Rate Differential (IRD).

Which Professional Student Line of Credit Should You Choose? (BMO, Scotiabank, TD, RBC, CIBC)

Which Professional Student Line of Credit Should You Choose? (BMO, Scotiabank, TD, RBC, CIBC)

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.

What is a Collateral Mortgage in Canada?

What is a Collateral Mortgage in Canada?

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!

Here’s What a Financial Institution Number Is & How to Find It

Here’s What a Financial Institution Number Is & How to Find It

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.

Best Joint Bank Accounts in Canada

Best Joint Bank Accounts in Canada

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.

Car Title Loans in Canada: Here’s What You Need to Know

Car Title Loans in Canada: Here’s What You Need to Know

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.

Here’s What a Credit Memo is in Canada

Here’s What a Credit Memo is in Canada

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.

Credit Card Types Explained

Credit Card Types Explained

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.

Is Line of Credit Interest Tax Deductible in Canada?

Is Line of Credit Interest Tax Deductible in Canada?

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.

What does a Negative Balance on Credit Card Mean?

What does a Negative Balance on Credit Card Mean?

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

Soft Credit Check vs Hard Credit Check: Here’s The Difference

Soft Credit Check vs Hard Credit Check: Here’s The Difference

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.

Debt Service Ratio Explained

Debt Service Ratio Explained

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

What is an RRSP? Registered Retirement Savings Plan

What is an RRSP? Registered Retirement Savings Plan

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.

Credit Building Loans: Build and Repair Your Credit

Credit Building Loans: Build and Repair Your Credit

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.

RRSP Loans: Benefits and Drawbacks

RRSP Loans: Benefits and Drawbacks

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.

How to Pay a Credit Card

How to Pay a Credit Card

Timely credit card payments are key to avoiding financial trouble. Learn how credit card billing works and how to pay your credit card bill.

Canadian Apprenticeship Loan Explained

Canadian Apprenticeship Loan Explained

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

What is a Co Signer in Canada?

What is a Co Signer in Canada?

Are to thinking of co-signing a loan for someone? Before assuming this role, ensure you know your rights, risks, and responsibilities

How to Cancel a Credit Card

How to Cancel a Credit Card

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.

What is a Bank Draft in Canada and How it Works

What is a Bank Draft in Canada and How it Works

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.

How Many Credit Cards Should Canadians Have?

How Many Credit Cards Should Canadians Have?

Credit cards are popular, convenient, and flexible financial tools. Does that mean that owning multiple cards is ideal? And can you own too many?

What is a Line of Credit and How Does a Line of Credit Work

What is a Line of Credit and How Does a Line of Credit Work

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.

Open vs Closed Mortgage: What’s the Difference?

Open vs Closed Mortgage: What’s the Difference?

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

Difference Between Credit Union and a Bank in Canada

Difference Between Credit Union and a Bank in Canada

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

Variable vs Fixed Mortgage Rates in Canada: Here’s How to Decide (2022)

Variable vs Fixed Mortgage Rates in Canada: Here’s How to Decide (2022)

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 Loan vs Student Line of Credit in Canada

Student Loan vs Student Line of Credit in Canada

Student loans and lines of credit are both popular ways to finance your post-secondary studies. Here's how they compare with one another.

Car loan vs Line of Credit: What’s the Difference?

Car loan vs Line of Credit: What’s the Difference?

Having trouble deciding how to finance your car purchase? If so, ensure you consider which option is more financially prudent rather than convenient.

BC First Time Home Buyer Programs

BC First Time Home Buyer Programs

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.

What is the RRSP Home Buyers’ Plan (HBP) in Canada?

What is the RRSP Home Buyers’ Plan (HBP) in Canada?

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.

How to Retire Early in Canada

How to Retire Early in Canada

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!

What is Mortgage Insurance in Canada? (CMHC)

What is Mortgage Insurance in Canada? (CMHC)

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

Porting or Transferring Your Mortgage in Canada

Porting or Transferring Your Mortgage in Canada

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.

How Does Credit Card Interest Work?

How Does Credit Card Interest Work?

Understanding how credit card interest works and how to time your payments is crucial if you wish to avoid interest charges hitting your account.

Credit Card Current Balance vs Statement Balance

Credit Card Current Balance vs Statement Balance

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.

Best Cash Back Credit Card in Canada

Best Cash Back Credit Card in Canada

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.

What is Minimum Payment on Credit Cards?

What is Minimum Payment on Credit Cards?

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.

5 Strategic Ways to Pay Off Credit Card Debt

5 Strategic Ways to Pay Off Credit Card Debt

Credit card debt can wreak havoc on your finances if not managed properly. Here are five strategies you can employ to wipe it out

Wise Canada Review: Safe & Easy Money Transfer App (Transferwise)

Wise Canada Review: Safe & Easy Money Transfer App (Transferwise)

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.

Best Balance Transfer Credit Cards in Canada

Best Balance Transfer Credit Cards in Canada

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 5 Banks: Which Is The Biggest Bank in Canada?

The Big 5 Banks: Which Is The Biggest Bank in Canada?

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.

How Do Credit Cards Work?

How Do Credit Cards Work?

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

How a Blend and Extend Mortgage Works in Canada

How a Blend and Extend Mortgage Works in Canada

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.

Wealthsimple Cash: A Complete Guide

Wealthsimple Cash: A Complete Guide

Wealthsimple's Cash app is a money transfer platform that makes sending and receiving money a breeze - and there are no fees to pay!