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 ...

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 ...

In an attempt to save on costs, millions of Canadians are using self-directed investing platforms to manage their own investments. These robo-advisors and online brokerages have made investing more ...

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 ...

Mortgage default insurance, often called CMHC insurance, is a central aspect of the home-buying process in Canada. The insurance coverage is mandatory for homeowners who make a down payment of less ...

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 ...

Common Features of Senior Bank Accounts Before we get to the list, here is a list of common features and benefits offered to seniors 65 and over, and in some cases as early as age 60: Reduced banking ...