a coin being inserted in a piggybank, representing the rise of interest rates in Canada and its consequences on debt

Navigating Canada’s Rising Interest Rates: 9 Strategies to Eliminate Debt

In the wake of the Bank of Canada's recent decision to raise interest rates to 4.75%, Canadians find themselves facing a new, harsher financial reality. With higher costs associated with borrowing money, it becomes very important for individuals to prioritize debt reduction strategies. The following article will provide you with actionable tips and insights on…

ByJohn WilsonJune 10, 2023

Mortgage Personal Finance

How Big Of A Mortgage Can I Afford?

As a homeowner, one of the biggest financial decisions you will make is how much mortgage you can afford. With rising interest rates and a still-mostly-growing real estate market, many Canadians seem to still want to jump into the housing market. However, it is essential to have a realistic understanding of what you can afford…

ByJohn WilsonFebruary 8, 2023

Budgeting Personal Finance

How Much Should You Be Spending on Rent in Canada?

When it comes to financial planning, one of the most significant expenses you will face is housing. Rent is a crucial aspect of your budget that you need to get right. However, determining the right amount to spend on rent can be a challenging task. In this blog, we will explore the various factors that…

ByJohn WilsonFebruary 3, 2023

Elderly BC person on welfare taking glasses out of her purse

Budgeting Personal Finance

How Much Is Welfare In BC?

Welfare, also known as social assistance, is a government-funded program that provides financial support to individuals and families in need. In British Columbia (BC), welfare is administered by the Ministry of Social Development and Poverty Reduction and is intended to provide a basic level of financial assistance to those who are unable to support themselves.…

ByJohn WilsonJanuary 30, 2023

Budgeting Personal Finance

How Much Is Welfare In Ontario?

Welfare, also known as social assistance, is a government-funded program that provides financial support to individuals and families in need. In Ontario, Canada, the welfare system is administered by the Ministry of Community and Social Services (MCSS) and is intended to help individuals and families who are unable to support themselves financially. The program is…

ByJohn WilsonJanuary 29, 2023

Personal Finance

Canadian Tuition Tax Credit (CTTC) Explained

The Canadian Tuition Tax Credit (CTTC) is a tax credit available to Canadian residents who have paid tuition fees for post-secondary education. This credit can help alleviate the financial burden of tuition for students and their families, and it is an important aspect of the Canadian tax system for those pursuing higher education. Who Can…

ByJohn WilsonJanuary 28, 2023

Personal Finance

Ontario Student Assistance Program (OSAP) Explained

As a financially savvy Canadian, you may be aware of the various government-funded assistance programs available to students. These programs help students who can’t live off their student job in Canada. The Ontario Student Assistance Program (OSAP) is a valuable resource for those looking to further their education without incurring an overwhelming amount of debt.…

ByJohn WilsonJanuary 27, 2023

an icon of a canadian bank, representing transit numbers

Banking Personal Finance

What is a Transit Number in Canada?

Are you looking to make a money transfer or set up direct deposit for your paycheck in Canada? If so, you may have come across the term "transit number" and wondered what exactly it is and how it's used. In this blog post, we'll delve into the world of Canadian transit numbers and explain everything…

ByJohn WilsonJanuary 24, 2023

a bank vault, representing the safety of financial institutions

Banking Personal Finance

What is a Financial Institution Number (FIN) in Canada?

If you're a Canadian resident or business owner, it's likely that you've come across the term "Financial Institution Number" or FIN at some point. But what exactly is a FIN? How does it apply to you? The short answer is that The FIN is the 3-digit number identifying a financial institution. It is for example…

ByJohn WilsonJanuary 24, 2023

an american cheque sitting on a bank counter

Banking Personal Finance

How To Deposit A US Cheque In Canada?

Are you in need of depositing a U.S. dollar cheque in Canada, but not sure how to go about it? No need to worry – it's actually quite a simple process! Here's a step-by-step guide on how to deposit a USD cheque in Canada: 1. Verify If Your Bank Can Deposit A US Dollar Cheque…

ByJohn WilsonJanuary 23, 2023