If you're a Canadian looking to borrow money or make a major purchase, you've probably heard the term "credit score" thrown around a lot. But what is a good credit score, and why is it so important?
First, let's define what a credit score is. Simply put, a credit score is a numerical representation of…
As a Canadian, you're probably familiar with the concept of a credit check. But if you're not entirely sure what it is, or how it can impact your financial decisions, then you've come to the right place!
A credit check is essentially a review of your credit history. This is a record of how you've…
The Government of Canada has implemented a new law to help make homes more affordable for Canadians. The Prohibition on the Purchase of Residential Property by Non-Canadians Act was put in effect on January 1, 2023, and will prevent non-Canadians and corporations controlled by non-Canadians from purchasing residential property in Canada for a period of…
Table of Contents What Is The History Of The Canadian $5 Bill? What Are The Security Features On The Canadian $5 Bill? What Do The Pictures On The Canadian $5 Bill Mean?The Picture On The Front: Sir Wilfrid Laurier The Picture On The Back: Canadarm2 & The Astronaut Who Signs The Canadian $5 Dollar…
Table of Contents What Is The History Of The Canadian $5 Bill? What Are The Security Features On The Canadian $5 Bill? What Do The Pictures On The Canadian $5 Bill Mean?The Picture On The Front: Sir Wilfrid Laurier The Picture On The Back: Canadarm2 & The Astronaut Who Signs The Canadian $5 Dollar…
The Canada Child Care Benefit (CCB), is a tax-free monthly payment made to eligible families. It helps with the costs of child care. The CCB may be paid for children aged 0-15. For children with disabilities, it is paid up to age 17. For 2023, the payment increased by 1.66%.
Families can receive up to…
The Canadian two dollar coin, colloquially known as the "toonie," is a staple of Canadian currency. But have you ever stopped to wonder how many toonies are in a roll? Well, if you know anything about other rolls, the answer should not surprise you! There are 25 toonies in a roll in Canada.
First, it's…
A tax deadline is the date by which taxpayers must file their taxes. This allows the government, upon receipt of all the T1 General Forms, to know how much money it will need to collect in taxes. It also ensures that people do not forget to pay their taxes.
The tax deadline is typically imposed…
In Canada, there are 50 pennies in a roll.
The Canadian penny is a small, circular coin made of copper-plated zinc. It is the lowest denomination of currency in the country, with a face value of 1 cent. The penny has a long history in Canada, with the first ones being struck in 1908.
One…