Investing

what is a trigger rate

What is a Trigger Rate and How to Avoid it

What is a trigger rate? It’s a question that many homeowners thought they’d never have to ask. However, since the Bank of Canada has steadily raised interest rates, it’s a topic that has crossed the minds…

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What is a variable rate mortgage

What is a Variable Rate Mortgage?

Do you know what is a variable rate mortgage? While it’s true that a variable rate mortgage is the opposite of a fixed rate mortgage, many people don’t realize that there are different types of…

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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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How Much Mortgage can I Afford in Canada

How Much Mortgage Can I Afford in Canada?

If you’re looking to buy a home, the odds are you’ve asked yourself how much mortgage can I afford in Canada? This is an important question to ask since the amount of mortgage you’re approved…

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How to Transfer Your RRSP to Another Financial Institution

Have you ever wondered how to transfer your RRSP to another financial institution? It’s a legit question if you’re considering a change. Some people may prefer to have all their finances with a single bank, while…

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What is a vendor take back mortgage

What is a Vendor Take Back Mortgage?

With interest rates rising and the real estate market cooling, some buyers have found themselves in a tricky situation. They’re no longer able to get the mortgage they previously qualified for, which has left some…

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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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EQ Bank Retirement Savings Plan Review

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)…

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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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Norberts gambit

Norbert’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…

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