Fixed‑Rate Mortgage Prepayment Penalties in Canada: 3‑Months’ Interest vs. IRD

This in-depth guide explains the topic in plain language for Canadians, with concrete steps, decisions, and examples you can apply today. It focuses on clarity, accuracy, and the smallest set of actions that produce the biggest impact. What it is We start with a concise definition and the context that matters, including how banks, credit…

ByJohn WilsonAugust 12, 2025

Personal Finance Saving

TFSA Contribution Room vs. Available Room: The Mid‑Year Math Canadians Miss

This in-depth guide explains the topic in plain language for Canadians, with concrete steps, decisions, and examples you can apply today. It focuses on clarity, accuracy, and the smallest set of actions that produce the biggest impact. What it is We start with a concise definition and the context that matters, including how banks, credit…

ByJohn WilsonAugust 12, 2025

Banking Personal Finance

Interac e‑Transfer Autodeposit: Limits, Fees, and Safer Setup in 5 Minutes

This in-depth guide explains the topic in plain language for Canadians, with concrete steps, decisions, and examples you can apply today. It focuses on clarity, accuracy, and the smallest set of actions that produce the biggest impact. What it is We start with a concise definition and the context that matters, including how banks, credit…

ByJohn WilsonAugust 12, 2025

a canadian in jeans with empty pockets, representing the debt issue

Budgeting Debt Economy Financial News Personal Finance

Ipsos Poll: Canadians Are Less Than $200 From Hardship, Implications For The Economy And Strategies To Tackle Debt, Explained

The recent Ipsos poll conducted on behalf of MNP Ltd. paints a worrisome picture of the financial health of Canadian households. With more than half of Canadians indicating that they are only $200 or less away from not being able to make ends meet, the implications for the economy are far-reaching. This article delves into…

ByJohn WilsonJuly 11, 2023

Banking Personal Finance

Decoding The Power Of The Void Cheque In The Canadian Financial Landscape

In the vast landscape of Canadian finance, one often stumbles upon the enigmatic entity known as the "void cheque." From its peculiar name to its mysterious purpose, this humble piece of paper holds significant influence within the Canadian banking system. Today, we embark on a journey to demystify the void cheque, unveiling its essence and…

ByJohn WilsonJuly 4, 2023

Banking Personal Finance

TD Void Cheques In Canada, Explained

In today's fast-paced financial landscape, managing your money efficiently is essential. Whether you're setting up direct deposits, authorizing automatic bill payments, or simply verifying your account details, void cheques play a crucial role. Among the various financial institutions in Canada, TD Bank stands as a reputable choice for many Canadians. In this comprehensive guide, we…

ByJohn WilsonJuly 4, 2023

Banking Personal Finance

Desjardins Void Cheques: A Guide For Canadians

In the realm of personal finance, having a solid understanding of banking procedures and tools is essential. One such tool that holds great importance for Canadians is the Desjardins void cheque. Whether you need it for setting up direct deposit, linking accounts, or verifying your banking information, a void cheque can be a powerful ally.…

ByJohn WilsonJune 28, 2023

rising cost of interest rate mortgage canada

Mortgage Personal Finance

The Rising Cost Of Mortgage Debt After Canada’s Interest Rate Hikes

As interest rates in Canada have recently surged to 4.75%, homeowners and potential buyers are faced with the implications of a higher cost of servicing mortgage debt. This will be amplified by the fact that rates are still below historical norms and may very well head much higher. This article explores the impact of rising…

ByJohn WilsonJune 13, 2023

Debt Personal Finance

Unveiling The Historical Norm: Preparing For A Return To Higher Interest Rates In Canada

Canada experienced an unprecedented period of historically low interest rates from 2009 to 2020. However, as we move into an era of rate hikes after rate hikes, it is important to recognize that this low interest rate environment was actually an outlier and to prepare for the future. This analysis aims to shed light on…

ByJohn WilsonJune 12, 2023

blue 20% on a black background, interest rates of certain credit cards in Canada

Credit Cards Personal Finance

Tackling Credit Card Debt In Canada’s High-Interest Rate Environment

With credit card interest rates soaring above 20% in Canada's current interest rate environment that has seen even the Bank of Canada’s rate jump at 4.75%, credit card debt has become a pressing concern for consumers. This post explores the implications of rising interest rates on credit card debt and provides actionable strategies to effectively…

ByJohn WilsonJune 11, 2023