With interest rates fluctuating, many homeowners are reconsidering their mortgage options. While fixed rates offer stability, variable rates can provide significant advantages for those willing to navigate a bit of risk and uncertainty. 2024: The Current Mortgage Landscape Borrowers with exceptional credit may find lower rates — as low as 4.04%, according to Money.ca. However,…
What you need to know about Canada’s mortgage rule changes in 2024 The Canadian housing market has faced an affordability crisis for years, and in response, the government has introduced key changes to mortgage regulations in 2024. While these updates are designed to help more Canadians enter the housing market, they also bring challenges. Let’s…
Teaching financial literacy for kids can be enjoyable and easy with this list of tools and activities
Even scared or nervous parents can take steps to help kids learn money skills
By reviewing economic and non-economic factors, we get a list of the best cities in Canada to live in when going through a recession.
Purchasing your first property in Canada as a newcomer can be complex. but with proper planning and research you can make the dream a reality.
The most compelling argument in favour of helping your kids buy a home: Houses are much less affordable now than they were when you bought your first home.
On average, working Canadians typically retire at age 63; by all accounts, most of these newly retired people have about $1 million in retirement savings. But is that enough? A recent report shows Canadians now believe they need between $1.4 and $1.7 million in savings to comfortably retire. For Canadians looking to top up their…
Canadian homeowners can use their residence to help reduce the tax paid + a basic tax checklist to help file your tax return on time.
We all want to be in the black regarding our investments, but investors using their Tax-Free Savings Account (TFSA) as a vehicle to shelter profits from triggering taxation could find themselves in hot water. According to Jamie Golombeck, an expert authority on Canadian tax law, the Canada Revenue Agency (CRA) is cracking down on investors…