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Personal Finance

Elderly BC person on welfare taking glasses out of her purse

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

two phones transferring money between each other

Banking Personal Finance

What Is The Maximum Amount For E-Transfer?

TLDR: You can transfer up to $3,000 per single transfer and up to $10,000 total for a period of 7 days. Are you a fan of using e-Transfers to send and receive money quickly and easily? If so, you may be wondering just how much money you can send through this convenient service. After all,…

ByJohn WilsonJanuary 20, 2023

Debt Personal Finance

7 Tips To Rebuild Your Credit In Canada

As a Canadian, you know that your credit score is an incredibly important aspect of your financial health. It can affect everything from your ability to get a loan or mortgage, to the interest rates you'll pay on those loans. If you have a low credit score, it can feel like you're stuck in a…

ByJohn WilsonJanuary 20, 2023

2 people with cellphones transferring money with an e-transfer

Banking Personal Finance

How To Cancel E-Transfers In Canada

As Canadians, we're no strangers to using Interac e-transfers as a quick and easy way to send and receive money. But what happens when you need to cancel an Interac e-transfer that you've sent, or if you've received an e-transfer that you no longer want or need? First off, it's important to note that e-transfers…

ByJohn WilsonJanuary 19, 2023