As time passes, more and more Canadians are falling prey to the credit market, and are spiraling more towards debt. This is causing a sort of crisis in the economy, with banks and other money lenders becoming more conservative by the day. Credit scores are increasing, and reports of your payment history is scrutinized more…
Bonds are clearly more advantageous that other forms of securities and this is true for even the Canadian market. Bonds, especially those that are medium or short dated bonds, have less volatility when compared to equities (stocks). Therefore, it is right to assume a bond as a safer investment as compared to a stock. Moreover,…
Canada can be considered as one of the safest countries in the entire world owing to their robust natural resource base, stellar policies, stable monetary policies and the presence of a low-budget deficit. If you are considering investing in bonds, Canada is the ideal country to do so. Some of the benefits that make Canada…
In Canada, at least 49% of the population is living under some sort of crippling debt. There is hardly any Canadian who does not have a debt. This debt gets even worse, when put together with the 15% to 29% tax bracket that each working Canadian has to pay. If only there was a way…
An Equity Loan is also referred to as a Mortgage Loan. Typically, this loan is secured by real estate that is already owned by the borrower. For example, if you brought a home for a sum of money, and do not have a mortgage on it, they may take a loan on their house, in…
A Guaranteed Investment Certificate is a scheme offered by Canadian Banks and other money-lending places like trust companies. In this, there is a ‘guaranteed’ return on your investment, given to you at a fixed, stipulated time. This period of time could vary depending on a variety of factors, such as the income that you earn.…
The Registered Retirement Savings Plan was introduced to Canada in 1957, as a means to introduce to the plan a feasible and working plan, which would help them after they retire. If you apply for a Registered Retirement Savings Plan, then every month, a sum of money is deducted from your total income, and is…
For every individual who is 18 years or older, there is an annual limit to contribution to a TFSA account. This amount is set at $6,000 for the year 2019. These amounts varied in the previous years and have been set at $6,000, as of 2019. The unused contribution room that you might have in…
It is but natural that people would want a return on the money that they invest. Wanting something back is a primary human need, whether it is a return gift at a birthday party, or returns at the profession that you have chosen. Honing your skills for a required profession takes time and money- it…
Simply put, a private mortgage is a loan given by someone who is not a formal money lender. Whether you want to lend or borrow privately, a private mortgage is beneficial to everyone, provided that it is a fair deal, with all the necessary paperwork. Why Go Private? In today’s age, there does not seem…