Renting out a portion of your home can be a great way to increase your affordability as a homeowner. But relying on rental income to pay your mortgage can be risky. Sean Cooper shares his experience finding – and – losing tenants. Read on for the full story.
Paying for university these days isn’t cheap – and it’s not getting any more affordable. And, as the cost of tuition keeps rising, many parents are lending a hand to help pay for their child’s education. While some wouldn’t think twice about this financial arrangement, a new survey finds doing so can have long-lasting consequences for parents who should be focusing instead on their retirement funds.
When the bank Sean Cooper kept his TFSA at shut down, he decided to seek out a better option rather than take an interest cut. Read on for his story for finding a new lender for both his TFSA and home insurance.
We’re often told paying off your mortgage as quickly as possible is the best investment you can make, but not all Canadians see it that way. Two thirds of high-net-worth Canadians – those with over $500,000 in investible assets – that have a mortgage have the cash available to pay for their home in full, according to a recent Investors Group survey.
Sun-starved millenials are most likely to commit summer overspending sins, according to a Tangerine survey. Rather than break your summer piggy bank, try these fun sun tips instead to save some cash!
You probably don’t associate summer fun with your bank… but did you know Canada’s big 5 host tons of great (and mostly free) concerts, festivals and events each year? Check out our list of don’t-miss fun events!
Prepaid credit cards rules were introduced this week, banning hidden fees. Here’s what consumers should know about the recent changes.
Ontario’s proposed budget is chock full of taxpayer-friendly goodies, and also includes a new pension plan, dubbed the ORPP. Whether these changes will be realized, however, is up to taxpayers, as the NDP does not support the budget, resulting in a June election.
Who’s to blame for low financial literacy in Canada? The big banks should do a better job teaching Canadians about money management, according to a recent survey.
The federal government has unveiled target benefit plans, a new type of pension that splits risk between the employer and employee.