What is the First Home Savings Account

What is the Tax-Free First Home Savings Account? A detailed guide

What is the Tax-Free first home savings account (FHSA)? The FHSA is a new account that was introduced in the 2022 federal budget and is set to be available to Canadians in 2023. It basically…

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Willow review

Willow Review | How to invest in commercial real estate

Did you know that real estate investing has created 90% of the world’s millionaires? It’s an impressive statistic. However, as many of us know, you need to be in pretty good financial standing to be…

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What is a High-Ratio Mortgage

What is a High-Ratio Mortgage?

Do you know what is a high-ratio mortgage? Buying a home in Canada is a huge expense, especially in cities such as Toronto and Vancouver. Saving up for a down payment can take a lot…

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What is a TFSA

What Is A TFSA (Tax-Free Savings Account)?

Do you know what is a TFSA? It stands for Tax-Free Savings Account. This account was introduced in 2009 and has quickly become one of the most popular accounts available to Canadian residents.  The account…

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What is an RRSP

What is a RRSP? Registered Retirement Savings Plan

Have you ever wondered what is a RRSP? It stands for Registered Retirement Savings Plan. This type of account is used by millions of Canadians and is easily the most popular vehicle for those that…

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What is an NFT

What is an NFT? Guide to NFTs and How They Work

What is an NFT? If you are following anything in the finance world these days, there is no doubt you have heard about NFTs or non-fungible tokens. Stories about things like digital monkeys and rocks…

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management expense ratio

What is a Management Expense Ratio (MER)?

Have you ever wondered what is a management expense ratio (MER)? It’s a fee that investors have to pay for many products such as mutual funds and exchange-traded funds (ETFs). Some people don’t even realize this fee…

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What is a home equity line of credit

What is a Home Equity Line of Credit?

Anyone who owns a home might want to know what is a home equity line of credit (HELOC). If you are looking to borrow some money for home improvement projects, large purchases, or another expense,…

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EQ Bank Tax Free Savings Account Review

EQ Bank Tax Free Savings Account Review

EQ Bank has been around for quite a few years now, and clients love how they’ve simplified banking. You get a high interest rate with no everyday banking fees. What’s not to like right? Well,…

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The Best High-Interest Savings Accounts in Canada

With Canada having some of its lowest interest rates in the last decade the thought of a high-interest savings accounts in Canada may seem absurd. To complicate things, there are so many different banks in…

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