About Canada’s Child Disability Benefit (CDB)
Raising a child isn’t a cheap endeavour for anyone, but families who are raising children with physical or mental impairments often incur even more costs. In an effort to help these families, the CRA has provided income benefits to qualifying individuals in an attempt to help alleviate some of the financial stress that comes with…
Read MoreEirene Review
It’s no secret that death is not considered to be a happy subject. Nobody wants to think about dying so the subject is often skipped over. However, when the time comes, it also means that many families are thrown into the world of funeral planning and arrangements. Unfortunately, the industry is notorious for taking advantage…
Read MoreWhat is a Last Will and Testament?
There is a common misconception that estate planning is only necessary for wealthy people with large homes, fancy cars and expensive art collections. I’m here to debunk that myth by explaining why every adult needs a will (no matter how much money you have) and how to get one in place today. Who needs a…
Read MoreShould You Lend Money to Friends or Family?
One of the most common questions I get is should you lend money to family or friends? Generally speaking, I’d advise against it, but I understand it’s a complicated situation. You want to help if you can, but at the same time, money can ruin relationships. I personally have been burned twice lending money to…
Read MoreHow do Supplementary Credit Cards Work?
Have you ever wondered how do supplementary credit cards work? Whenever you sign up for a new credit card, you’re always asked if you want to add a supplementary card or an authorized user credit card. Saying yes can be a great way for families to manage their finances, but are there any risks involved…
Read MoreWhat Happens to Unused RESP?
Have you ever wanted to know what happens to unused RESP? The Registered Education Savings Plan (RESP) is one of the best things the government of Canada has ever introduced since you can get a yearly match up to $500 thanks to the Canadian Education Savings Grant (CESG). But you already knew that. What you’re…
Read More10 Ways to Save Money on Family Vacations
Travelling with kids can be expensive! Airfare alone could easily cost you a few thousand dollars, so it’s no surprise that parents are always looking for ways to save. Sure, staycations can be fun, but let’s be realistic, many people would much prefer to travel outside of their hometown to take a holiday. Don’t worry,…
Read MoreFinancial Aid for Canadians Looking to Study Abroad in the USA
While Canada has a fantastic higher education system, many Canadian students may choose to go to the United States to attend college. Of course, American colleges and universities can be prohibitively expensive, making it difficult to finance a college degree in the U.S. With tuition costing as much as $40,000 per year at some private…
Read MoreHow Much Does IVF Cost in Canada?
I really wish I could say that getting pregnant was simple, but the reality is, my wife and I spent three years trying and required In Vitro Fertilization (IVF). Infertility is something many couples don’t talk about, but it affects roughly 1 in 6 couples in Canada. Going in, we knew it would be an…
Read MoreThe Best Place to Save Money and Earn Interest
Are you looking for the best place to save money and earn interest? There are many places where you can put your hard earned cash, but not all of them will make you any interest. Even the ones that do may not have a high interest rate, so many people look for the best place…
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