Tom Drake is the consumer and credit expert at Retire Happy, sharing his knowledge on the best ways to get the most for your money. Whether it's credit cards, banking products, or travel tips, Tom ...

RRSP Vs. RRIF: What’s the Difference? RRSPs and RRIFs have some similarities. Both are tax-deferred retirement accounts and allow you to assign beneficiaries, you must pay withholding tax on ...

Tom Drake is the consumer and credit expert at Retire Happy, sharing his knowledge on the best ways to get the most for your money. Whether it's credit cards, banking products, or travel tips, Tom ...

If you have a mortgage, having ample life insurance coverage is critical for protecting your family and home. But there is more than one way to purchase life insurance that protects what is likely ...

Exchange-traded funds (ETFs) make it easy for investors to achieve a diversified portfolio at a low cost. There are thousands of ETFs available from well-known investment firms like Blackrock or ...

What Is a Lump Sum Payment? A lump sum payment is a single payment made at one time instead of smaller payments spread out over time. Lump sum payments can occur in various financial situations, such ...

Whether it’s through credit cards or retail store programs, Canadians use loyalty rewards to earn discounts on everything from travel to groceries to gasoline. Sometimes, you can earn bonus points by ...

When you go to a bank to get a mortgage in Canada, chances are that the mortgage interest rate that is used to qualify your mortgage and the rate you actually pay will differ. The reason for this has ...

Example: $400,000 home purchase with 10% down payment ($40,000).The mortgage default insurance premium (CMHC Premium) would be 3.10% of the mortgage amount of $360,000, or $11,160. However, if the ...

By co-signing a mortgage in Canada, you can help a child or other close family member who may be having difficulty obtaining a mortgage on their own.. However, there are risks associated with ...

Millions of Canadian shoppers pay for a monthly or annual membership to Amazon Prime. The subscription includes fast, free shipping on millions of products. But with more and more online marketplaces ...

Senior bank accounts are designed to cater to the unique needs of senior citizens, providing them with easier access to banking services and often reducing or eliminating fees associated with regular ...