Are you feeling like debt is weighing you down? Unable to pay the debts you owe? Struggling and not sure where to turn? The latest MNP Consumer Debt Index found that as much as 53% of Canadians were $200 or less away from not being able to pay their monthly
What is a nest egg you ask? A nest egg is a sum of money that has been saved for a specific purpose. This savings is generally designated for longer-term goals. This is a good time to think about your goals and what it will take to reach them. Before
Credit is like a hammer; it can help build our dreams or it can leave us in ruins – it’s all in how we use it. What a wonderful feeling to have that envelope at the door shouting “Congratulations, you’ve been approved for a $10,000.00 loan!”. We all love to
Have you heard about the Guaranteed Income Supplement (GIS)? The GIS is a federal monthly payment which is based on income and is available to low-income Old Age Security pensioners. It is not taxable. You may qualify if… You are a senior 65 years or older. You receive the Old
How do the COVID-19 benefits impact your income tax return? If you received the Canada Emergency Response Benefit (CERB), Canada Emergency Student Benefit (CESB), Canada Recovery Benefit (CRB), Canada Recovery Sickness Benefit (CRSB), or Canada Recovery Caregiving Benefit (CRCB) payments, these are considered taxable income, and you will have to
2020 has finally ended and we made it… although many of us have been hard hit financially by COVID-19 and the far-reaching impacts of it! It is still not too late to look back and plan for moving forward. I like to set ‘SMART’ goals that I can work towards
As 2020 wraps up (pun intended!), it is also a good time to look forward to tax season. This is going to be a different tax season for many people as they navigate the changes in their income and how that impacts their taxes. For those who applied for COVID-19
Credit and debt are financial tools. Like any tool, what matters is how, when, and why we use it. It is important to be conscious of our habits and behaviours when we consider using credit and taking on debt. This week we are going to talk about the role debt
Our finances are closely linked to our health, including our mental health. When we are confident about our financial situation and have enough to cover our basic needs with extra at the end of the month, we may be able to feel secure and plan for the future. The opposite
For many, planning for the holidays this year is proving to be a stressful experience. Worries related to the Covid-19 pandemic along with financial concerns and the inability to celebrate as we typically do, is creating anxiety for lots of individuals this Christmas season. Recently, a survey by Credit Canada
