Category: Wealth

The impact on Canadians with a mortgage The BoC announcement is of interest for those with a mortgage. The impact on variable-rate mortgages Variable mortgage rates are most directly impacted by changes to the BoC’s overnight lending rate. This trend-setting rate influences the prime rate used by Canadian lenders to price their variable mortgages, as…

Image by Towfiqu Barbhuiya It’s one of the most common pieces of financial advice tossed around by well-meaning friends, influencers, and personal finance gurus: “Just budget better.” As if poverty is simply a matter of spreadsheet management. As if all it takes to escape low-income living is a few cutbacks, a color-coded Google Doc, and…

We all want to land safely in our older years, but life can be long and challenging. In order to set ourselves up for a calm and stable future, it’s important that we start working on securing it today. Setting yourself up for financial success is one of the best things you can do. Here…

A paid collection won’t disappear from your credit report overnight, but it could still help your credit score—depending on which scoring model a lender uses. Some models ignore paid collections entirely, while others still count them but may weigh them less heavily than unpaid ones. If you’re trying to qualify for a mortgage, loan, or…

relationship Image Source: 123rf.com Even in the closest relationships, there are things left unsaid. While women are often encouraged to express their emotions, many men still grow up learning to suppress theirs. That silence doesn’t always come from deceit—it often comes from fear, shame, or the belief that they won’t be understood. The result? A…

Taxpayers who live in federally declared disaster areas are sometimes given automatic extensions to file their taxes. This includes an extension to both file and pay. You typically do not get an extension to pay if you file for an extension on your own, so these automatic extensions can be very helpful.  Taxpayers in 12…

Image Source: Pexels Looking to kickstart your career in a vibrant, opportunity-filled city? For young professionals, choosing the right place to call home involves more than just a great job market. Factors like cost of living, average salary, and lifestyle amenities all play a key role. Here are some of the best cities that strike…

However, Allan Small, senior investment advisor with the Allan Small Financial Group, has a different view.  “Obviously [you] have to make sure that there’s enough money in the portfolio that’s liquid to make the payment,” says Small. “I don’t believe in setting aside a bunch of money, which has to sit there so you can…

In my Rich Habits Study, 88% of the wealthy read an average of 30 minutes each day, strictly to gain knowledge. Their reading topics? Career/Industry-Related Self-Help Educational Biographies of Successful Historical Figures History Current Events Related to Their Career/Industry Anything Related to a Dream or Goals Hobbies/Interests While reading is important, retaining what you read…

Trying to remove a negative item from your credit report? You might’ve heard about a “609 dispute letter”—a strategy some claim can erase debts the bureaus can’t prove you owe. But does it really work? A 609 letter isn’t a magic fix, but it’s based on a real part of federal law. Section 609 of…