When it comes to your finances, have you ever sat and thought, “Where have I gone wrong?” It’s never too late to evaluate your financial situation and get yourself back on track. But going through your finances is like making that New Year’s Resolution – you mean well, you’ll plan on doing it, but you […]
Archives for June 2020
Financial Literacy and the Workplace: A Relationship that Matters
According to the Financial Consumer Agency of Canada (FCAC), money is the greatest source of stress for Canadians – even more than work, personal and relationship issues. Almost half (40 per cent) of working Canadians feel overwhelmed by their current debt load, which continues to increase yearly for many. Unfortunately due to the COVID-19 pandemic, […]
New Canadian Mortgage Rules in 2020
Looking for your first home? Unless you’ve got a lot of cash in the bank, you will probably need a mortgage. Unfortunately, getting a mortgage is becoming harder and harder, especially with new rules that come into play on July 1, 2020. First-time home buyers will be especially hard-hit, finding it more challenging to qualify and […]
How Your Credit Score is Calculated in Canada
Many of us often wonder what exactly affects our credit score and by how much. If you’ve found yourself with a bad credit score, you may be especially concerned with how you got to this point and how to recover. Let’s take a look at how your credit score is calculated. Payment History Your payment history […]
