Blog

Bankruptcy, and many of the events leading up to it, is a tough scenario to endure no matter what your age.  Job loss, foreclosures and an absence of cash are everyday realities for millions of households in Canada -- especially given the current economy.  Read More

The time that you spend as a student can be fun and exciting, but if you have borrowed a lot of money to get through school, the time comes when you must repay those loans. It is important to pay these off as fast as you can so they are not looming over your head and collecting interest for years into the future.  Read More

When you plan to purchase a home, it is important to know what you can afford. In Canada, you need a minimum down payment of 5% to purchase a house. Some lenders will offer you a mortgage without a down payment, however if you have not been able to save money for a down payment, it could be an indication that you cannot afford to own a home.  Read More

More than half of young Canadians (aged 19-34) don’t have a RRSP. While a growing segment of the population now does have a registered retirement savings account, there is still a fair amount of misunderstanding on the benefits this type of investment account offers.  Read More

Profitability and cash flow are both important metrics in figuring out how well your company is doing, but many people do not understand the subtle differences between what they mean and what they can tell you about the financial health of your business.  Read More

Problem gambling is something that can affect anyone. For many of us, someone we know or someone who we love will develop problems with gambling some point in their lives. The important thing is to remember that help is available to end their addiction. But how do you know if you or someone you love has a gambling problem?  Read More

Often we squirrel away funds transferred from an Ontario registered pension plan into a locked-in account known as a LIRA, LIF or LRIF. They’re ‘locked in’ because these savings are meant for our retirement, and aren’t to be disbursed until we are in need of retirement income.  Read More

Most people have had times in life when they’ve been in “financial trouble” to some degree. That term can mean many different things depending on who you’re talking to, but none of them are positive. Sometimes, you never really know how close you are to being in trouble, where one or two missteps could turn your financial world upside down.  Read More

Being saddled with student loans can make life difficult. When you’re out of college or university, you’ll likely already have a heap of regular bills to pay, and the monthly hit from a student loan payment on top of those isn’t a welcome addition. Your personal credit rating will also be tied to paying off your debts on time.  Read More

The Holiday season celebrates with friends and family over food and gifts. Often that means travel to see family. If you went beyond budget or did not make your savings goals going into December, and relied on credit to tide you over, there are steps you can take to manage your debt.  Read More