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Personal Finance

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

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

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

Banking Personal Finance

How Many Dimes In A Roll In Canada?

If you're counting your loose change and trying to determine how many dimes you have on hand, it can be helpful to know how many dimes come in a roll. In Canada, there are 50 dimes in a roll. But what exactly is a roll of dimes and why does it contain 50 dimes? A…

ByJohn WilsonDecember 26, 2022

Personal Finance

5 Common Mistakes When Taking RRIF Distributions

There are several mistakes that people make when taking distributions from their RRIF retirement accounts in Canada. The most common ones are as follows. Taking Distributions Too Early In Canada, you are generally required to start taking minimum annual withdrawals from your registered retirement income fund (RRIF) at age 71. However, if you are still…

ByJohn WilsonDecember 25, 2022

millennial sitting on bench at a restaurant

Personal Finance Saving

Why Millennials Should Be Saving for Retirement Now

Millennials – those born between the early 1980s and mid-1990s – are often thought of as the generation that has it the hardest. Many are struggling with high levels of student debt, skyrocketing housing costs, and precarious employment, all of which can make it hard to think about saving for retirement. But as a Canadian…

ByJohn WilsonDecember 24, 2022