According to the Insurance Board of Canada, about 50% of renters in Canada do not have insurance. There is a variety of reasons why and this post is intended to correct some common myths and misconceptions and to provide some resources so you can make an informed decision. Before starting,
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
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
As we move towards the upcoming Holiday Season that will most likely be very different from previous ones, it is a good time to think about creating new traditions that are kinder to your bottom line. The holidays tend to be a time during which debts mount along with stress
Preparing a Will can be intimidating. It can also be empowering. By laying out your wishes in a formal document, you can better control what happens after you pass and allow your family to grieve knowing they can follow your decisions. If you have a low or modest income, we
Do you receive the Guaranteed Income Supplement, Allowance or Allowance for the Survivor Benefit? If so, Employment and Social Development Canada and Service Canada has an important reminder for you. During the week of October 5, 2020, Service Canada sent reminder letters and Statement of Income forms to clients in
