Category: Personal Finance

Venturing on the journey to homeownership? It’s an exciting milestone, filled with dreams of paint colours, furniture placements, and maybe a backyard garden. But while you’re picturing your ideal home, there’s a less glamorous side to homeownership that’s crucial to understand: the tax costs. Yes, beyond the initial price tag of your new home lies […]

Navigating personal finance can be overwhelming, especially regarding complex topics like loans. Many people struggle to understand the different loan options, making it difficult to choose the one that best suits their needs. The key to smart borrowing decisions is understanding the fundamentals of secured vs. unsecured loans. This knowledge allows you to weigh interest […]

Facing the challenge of homeownership?  It’s more than just acquiring a roof over your head; it’s about doing your homework for your wealth. Many see their home solely as a comfort zone, not realizing its potential as a key financial asset. Buying a home isn’t just about settling a mortgage; it’s an opportunity to significantly […]

Welcome to this comprehensive guide on capital gains tax when selling property in Canada. If you’re a property owner thinking about selling, it’s important to understand the tax implications to maximize your profits.  By knowing the ins and outs of this tax, you can make strategic decisions that will minimize the amount of tax you […]

Down payment saving tips for first home buyers can make a big difference when working towards buying a home. Saving for a down payment can seem daunting, but with the right approach and determination, you can save enough money for your dream home. This article will discuss nine easy down payment-saving tips for first-time home […]

Paying a mortgage can be daunting, especially if you are on a tight budget. However, there are ways to pay it off faster without getting penalized. With the right strategies, you can significantly reduce the time and money spent on your mortgage. This article will teach you how to pay your mortgage faster without getting […]

When considering refinancing your mortgage, weighing the potential benefits and drawbacks is essential. While refinancing can result in lower monthly payments, longer amortization periods, and cash access,  it’s critical to recognize that it may not always be the best financial decision. There are several reasons why mortgage refinances might not be the right choice. Including […]

Are you struggling with high-interest credit card or personal loan debt? If so, you’re not alone. You will learn how to get out of debt faster today! Many people are in a similar situation, but there is a way out. Debt consolidation is a tactic that can help you get out of debt faster and […]

Let’s discuss how to check a credit score for free in Canada. Your credit score shows lenders whether or not your spending habits can be trusted. A person with a high credit score can expect to be given special treatment and offered loans you likely will not see anywhere else.  It can be challenging to […]

Bad credit can be a barrier to entry to all sorts of things. It can make it harder to buy a car, buy property, and secure any loan with favourable rates.  If you’re finding it hard to make the financial moves you want because of your credit score, it’s probably a good idea to start […]