Many financial calculators spit out a number to answer the question ‘how much is enough?’ Those that know me know that I wonder whether there is really such thing as enough? The problem is retirement ...

However, there are risks associated with co-signing a mortgage. As a co-signer, your credit and financial health may be impacted if the primary borrower struggles to meet their mortgage obligations.

There are many instances where you may be in a position to either make or receive a lump-sum payment. Often, you are given the option to choose a lump sum over another payment method. But what exactly ...

Applying for a mortgage from a bank or credit union can be stressful at the best of times. The approval requirements are strict, with borrowers needing strong creditworthiness and employment and ...

A defined benefit pension plan provides an employee with a lifetime guaranteed income at retirement. The amount you will receive is based on several factors, including your average salary and length ...

The First Home Savings Account (FHSA) is the best new financial tool/account to be introduced since the introduction of the Tax-Free Savings Account (TFSA) back in 2009. The FHSA is designed for a ...

When you need to borrow money, your lender may present you with the choice between a loan or a line of credit. While both credit products can accomplish the same goal, they have several differences, ...

Exchange-traded funds (ETFs) make it easy for investors to achieve a diversified portfolio at a low cost. There are thousands of ETFs available from well-known investment firms like Blackrock or ...

Canadians love earning credit card reward points, but most premium credit cards include a wide range of other free benefits, such as travel insurance, airport lounge access, etc. Some credit card ...

In an attempt to save on costs, millions of Canadians are using self-directed investing platforms to manage their own investments. These robo-advisors and online brokerages have made investing more ...

When you go to a bank to get a mortgage in Canada, chances are that the mortgage interest rate that is used to qualify your mortgage and the rate you actually pay will differ. The reason for this has ...

Senior bank accounts are designed to cater to the unique needs of senior citizens, providing them with easier access to banking services and often reducing or eliminating fees associated with regular ...