Free Canadian Government Grants to Pay Off Debt

Although free Canadian government grants to pay off debt may be just as mythical as a unicorn, that doesn’t mean that you can’t get out of debt. See the sections below for a handful of real programs and resources that you can take advantage of today to start chipping away at your debt and move toward financial freedom.

Continue reading...

Parenting Money Tips: How to Save Money as a Parent

Saving money is tough, no matter how you look at it. It’s even tougher when kids are in the mix: suddenly, you have more mouths to feed, more bills to pay, and greater demands on what are considered monthly necessities. However, it is absolutely possible to learn how to save money as a parent! In the sections below, we’ll show you real, actionable steps that you can take to keep your financial health (and your growing family) on the right track.

Continue reading...

How to Pay Off Debt and How to Handle Debt

While having a little bit of debt isn’t bad, if you’re not careful, you could find yourself in a situation where your debts become overwhelming. If you’re spending more than what you can pay each month—or if you’re struggling to make your minimum payments—it’s time to break free from that debt cycle!

Continue reading...

10 Ways to Find Fast Cash in Canada

Whether you find yourself scrambling to pay your rent, keep your utilities running, or afford an emergency expense—like a car repair or a busted refrigerator—you can’t always afford to wait for your next paycheque to come through.

Luckily, there are plenty of opportunities to find fast cash in Canada. You just need to know where to look! To that end, we’ve put together a list of the 10 best ways to get cash quickly, so you can keep all of your financial trains running exactly on time.

Continue reading...

What Are the Benefits of Saving Money in an RRSP?

There are plenty of different ways and methods to set money aside for retirement—but the key is making sure that you are choosing an approach that will bring maximum saving benefits over time. And for more than 60 years, one of the most popular retirement saving options for Canadian residents has been opening up an RRSP account.

If you’re thinking, “What the heck is an RRSP, and why would I get one,” you’re in the right place! Below, we’ll tell you everything you need to know about an RRSP, including the top benefits of using this type of account to save for retirement.

Continue reading...

What Are the Benefits of Saving Money in an RESP?

An RESP is a popular choice for many consumers—but how do you know if an RESP is right for you? What are the benefits of choosing an RESP instead of a TFSA or an RRSP?

If you’re not sure whether you should open up an RESP (or even what an RESP is), keep reading: we’ll show you exactly what makes this savings account unique, and why you should consider opening an RESP today.

Continue reading...

How Do Student Loans Work in Canada?

Like most of life’s big questions, the answer isn’t always straightforward! Student loans in Canada have a unique structure and set of requirements, and it’s important to know exactly what you are getting into before you start applying to universities. See below for an overview of how student loans work in Canada, including the difference between loans that come from the government and loans that come from your province/territory.

Continue reading...

What Are Installment Loans and Revolving Credit?

Don’t make the mistake of letting yourself sign up for the wrong type of loan. Keep reading to see the difference between installment loans and revolving credit—and most importantly, the advantages and disadvantages of both!

Continue reading...

10 Tax Tips for Young Professionals

It isn’t always easy to find the answers—and as you learn more about filing your taxes, you might even come up with new questions entirely. That’s why we’ve put together the top 10 tax tips for young professionals in Canada to help you understand exactly what you are up against. If you’re ready to start thinking about filing your taxes, start with the tips below to make the process as stress-free and as efficient as possible!

Continue reading...

What to Do with Your Tax Refund

There are plenty of great ways to take your tax refund and turn that money into smart financial moves. After all, your return isn’t coming out of thin air: it’s a percentage of your hard-earned income over the past year. Why not use this opportunity to make your money work for you this year?

If you’re stuck on how to use your tax refund for the greater financial good, don’t panic—we’ve already done the hard work for you. Below, we’ve compiled seven of the best ways to turn your refund into better financial management in 2020 and beyond.

Continue reading...