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 ...

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 ...

What Is a Self-Employed Mortgage? A self-employed mortgage is a personal mortgage that is open to self-employed applicants. Some lenders may have a dedicated product for self-employed clients, but in ...

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 ...

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 ...

Colin Graves is the Managing Editor at Retire Happy. With more than 24 years of experience with a Big Five financial institution, he was responsible for managing books of business in excess of $1 ...

It’s a well-known fact that Canada’s income tax system is very complex. Part of the problem is that for decades, governments have piled on additional tax credits and deductions to reduce the tax ...

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 ...

Many Canadian homeowners have wondered if mortgage interest is tax deductible. Chances are, they’ve heard that their neighbours to the south can claim their mortgage interest (it’s true). Also, with ...

Healthcare costs are one of the most overlooked expenses that Canadians face every year. It could be that our universal healthcare system leads us to assume healthcare is free or that medical expenses ...