However, there are risks associated with co-signing a mortgage. As a co-signer, your credit and financial health may be impacted if the primary borrower struggles to meet their mortgage obligations.

Looking to boost your credit score and manage your finances better? Borrowell might be the tool you’re after. This free Canadian service gives you access to your credit score and report, helping you ...

A defined benefit pension plan provides an employee with a lifetime guaranteed income at retirement. The amount you will receive is based on several factors, including your average salary and length ...

Applying for a mortgage from a bank or credit union can be stressful at the best of times. The approval requirements are strict, with borrowers needing strong creditworthiness and employment and ...

Insurance companies play a vital role in the financial well-being of individuals and businesses. They provide protection against many risks and uncertainties, so it’s critical to have a strong ...

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 planning for retirement, Canadians often turn to registered retirement savings plans (RRSP) as a tax-advantaged option to grow their money. After all, RRSPs are designed to help you accumulate ...

Whether you’re 55, 60, or 65+, senior’s discounts can help you save money on everyday expenses while maintaining your quality of life. From restaurants and grocery stores to public transit and travel ...

Most people would agree that budgeting is a good idea. After all, your chances of success at anything are always greater when you have a plan. And a budget is just that – a plan for your money. There ...

If you’re in a position to maximize your RRSP contributions each year, it’s a good thing. Not only are you benefitting from the tax deductibility, but it means that a larger portion of your investment ...

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 ...

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 ...