Bank of Canada Update: Holding It’s Benchmark Interest Rate
Buying A Home / Economic News / First Time Home Buyers / Mortgage News / Mortgages / Mortgages 101 / RSM News / Taxes

Bank of Canada Update: Holding It’s Benchmark Interest Rate

Bank of Canada Rate Update – December 7, 2016 As expected, the Bank of Canada is holding its benchmark interest rate at 0.5 per cent. The scheduled announcement today was in line with expectations. “Following a very weak first half of 2016, growth in the third quarter rebounded strongly, but more moderate growth is anticipated … Continue reading »

Toronto Considering Raising Land Transfer Tax
Buying A Home / Economic News / Home Ownership / Lifestyle / Lifestyle News / Mortgages / RSM News / Selling Your Home / Taxes

Toronto Considering Raising Land Transfer Tax

Toronto considering raising land transfer tax In an effort to find new revenue streams, the City of Toronto is looking at raising the rate of its Municipal Land Transfer Tax (MLTT) on home sales. The proposed hike would add an additional $750 in closing costs to the average home, and would add an estimated $100 … Continue reading »

Is Holding onto Your Old Property When You Buy New a Good Idea?
Buying A Home / Growing Your Money / Home Ownership / Lifestyle / Lifestyle News / Mortgages / Mortgages 101 / Personal Finance / Personal Finance News / RSM News / Savings / Selling Your Home / Taxes / Your Budget

Is Holding onto Your Old Property When You Buy New a Good Idea?

Is it worth holding onto your current residence as an investment property when you buy new? We’re taking a look at the benefits and drawbacks and questions you need to ask yourself before making the decision. Continue reading »

12 Months to Being Debt Free – How to Prepare for Your Post-Debt Life
Buying A Home / Credit Card Debt / Credit Cards / Debt Repayment / First Time Home Buyers / Growing Your Money / Lifestyle / Lifestyle News / Personal Finance / RSM News / Saving For Retirement / Savings / Uncategorized / Using Your Credit Card / Your Budget / Your Credit Score

12 Months to Being Debt Free – How to Prepare for Your Post-Debt Life

If you’ve been following along with our debt-free journey since the beginning of the year, you can likely see the finish line from here. So what will your life be like after your final debt repayment? Here are some strategies to keep up the good habits in 2017. Continue reading »

The Best Canadian Credit Cards of 2016
Credit Card Debt / Credit Card News / Credit Card Reviews / Credit Cards / Credit Cards 101 / Debt Repayment / Lifestyle / Lifestyle News / Personal Finance / Personal Finance News / Using Your Credit Card / Your Credit Score

The Best Canadian Credit Cards of 2016

It’s that time of year again! RateSupermarket.ca is out with the winners of the 2016’s Best of Finance awards! Here’s a look at Canada’s best credit cards, from travel rewards cards to best balance transfer cards, and everything in between! Continue reading »

Review: American Express Essential™ Credit Card
Credit Card Debt / Credit Card News / Credit Card Reviews / Credit Cards / Credit Cards 101 / Lifestyle / Lifestyle News / Personal Finance / RSM News / Using Your Credit Card / Your Budget

Review: American Express Essential™ Credit Card

Introduced into the Canadian marketplace in August 2016, the American Express Essential™ Credit Card features a much lower annual interest rate than some of its competitors, but is that the only feature that makes it stand out? Read on for our review. Continue reading »

One Month to Christmas: Avoid Temptation and Be Gift-Smart!
Credit Cards / Credit Cards 101 / Debt Repayment / Growing Your Money / Lifestyle / Lifestyle News / Personal Finance / RSM News / Savings / Savings News / Using Your Credit Card / Your Budget

One Month to Christmas: Avoid Temptation and Be Gift-Smart!

We’re heading into the final stretch of the holiday shopping season, but do you really need everything that’s on your Christmas list? Here are some ways to cut back expenses and make your money go further. Continue reading »