Posts by Barry Choi
EQ Bank Retirement Savings Plan Review
I’ve been a massive fan of EQ Bank ever since they came to the market with great interest rates, but admittedly, it was a bit disappointing that they didn’t have a Retirement Savings Plan (RSP) available. Well, that’s no longer an issue, as the EQ Bank Retirement Savings Plan has just been introduced. As you…
Read MoreTerm Vs. Whole Life Insurance: Pros and cons
Anyone looking to purchase a life insurance policy will likely consider term vs. whole life insurance. Regardless of which one you choose, there will be a death benefit payout if you were to suddenly pass away. This is essential if you have dependents, as your beneficiaries will be left with some cash for their financial…
Read MoreNorbert’s Gambit: A detailed step-by-step guide
Have you ever heard of Norbert’s Gambit? This trick was first made popular by Norbert Schlenker as a way to convert CAD to USD and vice versa while minimizing currency exchange fees. The trick is incredibly handy for people who need to exchange huge amounts of US dollars. For example, you might want to start investing…
Read MoreGrocery Stores That Price Match in Canada
For many of us, monthly expenses such as groceries, utilities, rent or mortgage payments, car insurance, and more can quickly add up. Therefore, we are always eager to budget and save where we can. One of the best ways to save money on a monthly or weekly basis is by shopping for your groceries at stores that price match.…
Read MoreAmex Refer a Friend: Earn more points
The Amex refer a friend program is arguably one of the best features that many American Express cards offer, and most people don’t even know about it. Essentially, it allows the person making a referral, as well as the one receiving the referral, to earn extra bonus points or cash. It doesn’t matter if you’re…
Read MoreOnlyFans Taxes for Canadians
Have you wondered how OnlyFans taxes for Canadians work? If you’ve joined OnlyFans as a performer and have started to earn an income, you’ll need to pay your fair share of income tax. To be clear, it doesn’t matter if you’ve earned $10 or $100,000 on the platform, any income earned is considered self-employment income and…
Read MoreRRSP Withdrawal Rules: What You Need To Know
If you’re saving for your retirement, the odds are that you’re using your Registered Retirement Savings Plan (RRSP). This is an excellent tool to save money, but eventually, you’ll need to withdraw your funds. Knowing what the RRSP withdrawal rules are is vital since there will be tax consequences depending on when and how you…
Read MoreNo Medical Life Insurance Canada: Can I Get It?
Many people assume that an insurance company will require you to take a medical exam to qualify for life insurance policies. However, did you know that you can get no medical life insurance in Canada? This can be highly appealing to anyone who wants to get life insurance coverage but doesn’t want to reveal their…
Read MoreWhat Is Tenant Insurance?
What is tenant insurance is not a question you need to ask if you own your home, but if you’re a renter, it’s something that you should probably get. In fact, it’s so important that many landlords will require it to ensure that you and your personal belongings are protected from theft and damage. While…
Read MoreAmerican Express Air Canada Card Announced | 50K status for free
A few months back, online sleuths found a document for an upcoming American Express Air Canada Credit Card. Many people speculated it would be similar to the U.S. CHASE Aeroplan Card, where you’d get enhanced benefits and an opportunity to earn higher status. Today, American Express officially announced the American Express Air Canada Card, and…
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