a stack of credit cards in multiple colors

Credit Checks Explained

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…

ByJohn WilsonJanuary 2, 2023

Financial News Real Estate

The Prohibition on the Purchase of Residential Property by Non-Canadians Act Now In Effect

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…

ByJohn WilsonJanuary 1, 2023

Banking Personal Finance

5 Things To Know About The Canadian $5 Bill

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…

ByJohn WilsonDecember 31, 2022

Resources

What Is A T1 General Form

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…

ByJohn WilsonDecember 29, 2022

Important Dates Resources

Canada Child Care Benefit (CCB)

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…

ByJohn WilsonDecember 29, 2022

Canadian "Toonie" two dollars coin, front side

Banking Personal Finance

How Many Toonies In A Roll In Canada?

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…

ByJohn WilsonDecember 29, 2022

mouse and coffee cup and pen on Canadian tax filing notepad

Important Dates Personal Finance Resources

The 2022 Tax Deadline For Canadians

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…

ByJohn WilsonDecember 28, 2022

Banking Personal Finance

How Many Pennies In A Roll In Canada?

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…

ByJohn WilsonDecember 28, 2022

silver Canadian coin on a maple leaf background

Budgeting Investing Personal Finance Saving Stocks

Why Is Dollar Cost Averaging A Good Strategy?

There are a few purposes of dollar cost averaging, but the most common is to smooth out the effects that sporadic investing can have on the overall value of a portfolio. By buying small amounts of an asset at fixed intervals, an investor can reduce the risk that they will over- or under-pay for an…

ByJohn WilsonDecember 27, 2022

Banking Personal Finance

How Many Nickels In A Roll In Canada

Nickels are a common coin used in Canada for everyday transactions. Have you ever wondered just how many nickels are in a roll? The answer might surprise you! First, it's important to understand that in Canada, nickels are issued by the Royal Canadian Mint, a Crown corporation that produces all of Canada's circulation coins. Nickels…

ByJohn WilsonDecember 27, 2022