2021-07-02 06:30
Unless you’ve been living under a rock, you’ve no doubt witnessed the sudden rise in the value of cryptocurrency over the past couple of years. Earlier this year, the market cros… Read More
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Canadian Finance Blog
canadianfinanceblog.com
A Canadian personal finance blog with tips for saving, investing and tax optimization. Topics include RRSPs, RESPs, TFSAs, mortgages, insurance, taxes, ETFs, index funds and asset allocation.
2021-07-01 06:30
Incidents of identity theft have been steadily increasing over the past few years. It is more important than ever to protect yourself from fraud. There are many ways in which you can prevent… Read More
2021-06-28 06:30
While it’s possible to go through life without dealing with debt, credit is something that just about every adult must learn to manage during their lifetime. Consider the major purchas… Read More
2021-06-25 06:30
Paid survey sites will never make you rich, but they are a great way to make enough cash to fund your coffee habit or cover some of your smaller bills each month. What’s great about on… Read More
2021-06-24 06:30
Value investing has made many investors a lot of money, however, it has also caused many to lose their investment capital. But what is value investing? And is it right for you? Here are some… Read More
2021-06-21 06:30
Getting approved for a mortgage can be a daunting task. It’s not something the average person has to deal with regularly, so the entire process can seem confusing. Thankfully, there ar… Read More
2021-06-18 06:30
If you’re a President’s Choice Optimum member, having a PC Financial Mastercard is a great way to earn rewards points. But with three cards to choose from, you may be wondering w… Read More
2021-06-17 06:30
Having good credit can impact your ability to borrow money as well as the terms of any loan you may have access to. But there are many misconceptions out there as to what does and does not i… Read More
2021-06-14 06:30
As the world emerges from a global pandemic, travel plans will be top of mind for thousands of Canadians. One of the most critical aspects of planning a trip is making sure you have the righ… Read More
2021-06-11 06:30
Canadian grocery giant Loblaw’s has been laying low on the personal banking scene since breaking up with CIBC back in 2017. At the time, CIBC assumed control of what is now known as Si… Read More
2021-06-10 06:30
Contributing to a registered retirement savings plan (RRSP) can be a great way to save for retirement while minimizing your tax burden during your working years. But over-contributing to yo… Read More
2021-06-07 06:30
There are many things you need to have in place before getting a mortgage in Canada. One of the most important is to have a good credit score. But what constitutes a good credit score? After… Read More
2021-06-04 06:30
The list of cashback apps designed to save Canadians money is a long one. I’ve covered most of them right here on the site – Rakuten, Paymi, and Drop App, just to name a few. Ano… Read More
2021-06-03 06:30
Whether you are trying to save money, increase cash flow or break the paycheque to paycheque rut, learning to live below your means can be a financial game-changer. Here are 17 simple rules… Read More
2021-05-31 06:30
A long time ago, long before the invention of Google, there were actual price tags on items. Customers could easily make sure they were charged the correct prices. But when retailers moved t… Read More
2021-05-28 06:30
Building and maintaining good credit is one of the best things you can do for your financial health throughout your lifetime. Having good credit ensures access to the lowest possible interes… Read More
2021-05-27 06:30
Guaranteed investment certificates or GICs are some of the safest investments. Unlike investing in stocks in the stock market, your principal is always guaranteed a GIC (hence the name). Bec… Read More
2021-05-24 06:30
From stocks and bonds to ETFs and cryptocurrency, there is no shortage of ways for Canadians to invest in 2021, and the advent of online and mobile trading technology has only made it easier… Read More
2021-05-20 06:30
If you are in a position to receive severance pay, you may have a lot of questions. One of the first may be whether severance pay is taxable in Canada? If it is, you may also want to know ho… Read More
2021-05-17 06:30
All Canadian investors need a place to park their short-term savings, like an emergency fund or money set aside for a major purchase. Along the way, it would be nice to earn a little interes… Read More
2021-05-14 06:30
The high fees and bloated exchange rates incurred when sending and receiving foreign currency can be a bitter pill to swallow. This is especially true for anyone who has to send internationa… Read More
2021-05-13 06:30
Making a budget can be one of the most fundamental money actions you take. A budget is a money blueprint and a financial plan to help direct your spending, saving, and debt repayment. But yo… Read More
2021-05-10 06:40
Before buying a home, most Canadians know that they’ll need to come up with a down payment of at least 5% or more. But there are several other upfront expenses you might not have thoug… Read More
2021-05-07 06:30
Are you looking for a way to help your dollar stretch a little bit further? There are many paid survey websites out there claiming to provide you with a way to make easy money. However, most… Read More
2021-05-06 06:30
Your asset allocation can have a significant impact on your investment portfolio. But what is asset allocation? And how can you best take advantage of it within your portfolio? Read on to fi… Read More
2021-04-30 06:30
I am often asked how to make money online, and although there are many ways to do so, some are easier than others. What I do know, is that there are no get rich quick schemes, and anyone who… Read More
2021-04-29 06:30
Whether we realize it or not, credit bureaus have a significant impact on our financial lives. The information they provide to lenders can determine mortgage rates, lending amounts, and cred… Read More
2021-04-26 06:30
As the saying goes, only two things in life are certain: death and taxes. And with the latter season upon us, Canadians are looking for ways to make filing their taxes a little easier. Let&r&hell…Read More
2021-04-22 06:30
In personal finance, there is no shortage of terms and acronyms to know. A sinking fund is one of these terms. But what is a sinking fund? Why do you need one? And what is the best place to… Read More
2021-04-19 06:30
Whether you’re signing up for a new mortgage or renewing for another term, you’ll need to make a decision: do you go with a closed or open mortgage. While a closed mortgage is th… Read More
2021-04-16 06:30
Nothing may be more important than automation when it comes to reaching your savings goals. No matter how hard they try, most people cannot save consistently if doing so requires a manual pr… Read More
2021-04-15 06:30
Credit cards can be a great way to build credit history and accumulate rewards points or cashback. But how old do you have to be to get a credit card in Canada? And just because some types o… Read More
2021-04-12 06:30
One of the biggest decisions you’ll face when getting a mortgage is whether to choose a fixed or variable rate mortgage. At the moment, it’s hard to go wrong with either one. Aft… Read More
2021-04-09 06:30
In Canada, self-directed investors have the good fortune of being able to choose from at least a dozen online brokers from which to trade stocks, mutual funds, and ETFs. Most of these broker… Read More
2021-04-08 06:30
Filing your taxes is not the most exciting thing you will do this year. But getting an income tax refund can make a big difference to your annual budget. If you are expecting a refund, chanc… Read More
2021-04-05 06:30
In a perfect world, the process of buying and selling a home always goes according to plan. The important dates align with your schedule, and you never have to worry about contingency plans… Read More
2021-04-02 06:30
If you have a mortgage or you’ve read up on the subject, you may have heard of the term, porting a mortgage. Porting is a process that has saved countless homeowners thousands of dolla… Read More
2021-03-29 06:30
Have you ever been asked to co-sign for a loan or mortgage for a close friend or family member? If so, did you agree to sign the dotted line? There are many situations in which co-signing ma… Read More
2021-03-26 06:30
Understanding how mortgages work can be challenging. That’s why we leave the details to the professionals, isn’t it? But as the saying goes, ‘knowledge is power,’ whi… Read More
2021-03-25 06:30
Canceling a credit card can be an excellent strategy to avoid increasing your debt load. But there are a few things you will want to consider before you cut up that card.
How Much Does Closi… Read More
2021-03-22 06:30
If you’re thinking of getting into the housing market, you may be wondering how much you’ll need for a mortgage down payment. The short answer is that the down payment required w… Read More
2021-03-19 06:30
They say that buying a house and moving is one of the five biggest life stressors. And with housing prices across Canada constantly rising, it doesn’t seem like things will get any eas… Read More
2021-03-18 06:30
If you are someone who is an impulse spender, then you are not alone. Canadians spend almost $9 billion on impulse shopping every year. This ultimate guide to stop impulse buying has 17 acti… Read More
2021-03-15 06:30
According to statistics provided by the Government of Canada, only 5% of Canadians filed a paper income tax return for the 2019 tax year. But while mail-in returns are becoming increasingly… Read More
2021-03-12 07:30
There is no shortage of Canadian tax software companies claiming to have something for everyone. But one company may be able to back it up. TaxTron is a lesser-known tax software brand, but… Read More
2021-03-11 07:30
Walking can be a great low-impact exercise. And many of us walk throughout the day as part of our jobs. What if you could get paid to walk? It is, in fact, possible. Check out these 15 apps… Read More
2021-03-08 07:30
If you’re filing taxes in Canada for the first time this year, the prospect may seem a bit daunting. But it doesn’t have to be, thanks to two online tax filing services offered b… Read More
2021-03-05 07:30
It’s March, which means that spring is around the corner, and tax season has already arrived. If you’re planning to do your own taxes this year, there is no shortage of tax softw… Read More
2021-03-04 07:30
Credit cards can come with many benefits, rewards points, and cashback. But carrying a credit card balance negates any of the advantages of credit cards. Getting a credit card, using it, and… Read More
2021-03-01 07:30
With fewer Canadians venturing outside the home this year due to COVID-19, you may be considering doing your own taxes for the first time. Perhaps you’ve hired an accountant or paid fo… Read More
2021-02-26 07:30
A strong credit score and report are essential to your financial health. It not only ensures access to credit, but it also helps you get lower interest rates when you borrow, makes it easier… Read More
2021-02-25 07:30
When it comes to retirement savings and investment options in Canada, there are plenty to choose from. But depending on your goals and where you are on your financial journey, one option may… Read More
2021-02-22 07:30
An overwhelming majority of the financial products and services we cover here at MapleMoney are ones that I believe will benefit a large segment of readers. However, every once in a while, I… Read More
2021-02-19 07:30
One of the main benefits of mobile payment technology has been the elimination of so much paper; no longer having to keep track of bank statements, bill payment stubs, and all of those recei… Read More
2021-02-18 07:30
Have you recently checked your credit score and are not happy with the result? Do you want to improve your credit but are just not sure how? Your credit report and score can have a significa… Read More
2021-02-15 07:30
Planning for retirement and trying to figure out how much money you will need can feel overwhelming. But what if there was a simple rule that helped you determine how much you needed to save… Read More
2021-02-12 07:30
Here at MapleMoney, we believe that one of the best ways to improve your finances is to live within your means. However, there’s a limit to how much you can cut your monthly expenses… Read More
2021-02-11 07:30
Do you run out of money before the end of the month? Or overspend on specific areas of your budget? If this sounds familiar, then the cash envelope system may be the solution you’re lo… Read More
2021-02-08 07:30
For years, Canadian parents have saved for their children’s education using Registered Education Savings Plans, or RESPs. This popular government-sponsored savings plan offers several… Read More
2021-02-05 07:30
Looking for a new budget app? There are several great options to choose from. Today, I’m reviewing one you may not be familiar with – EveryDollar. Like other online budgeting too… Read More
2021-02-04 07:30
Whether you’re trying to get a business loan or a loan for personal reasons, the 5 C’s of credit will impact your ability to get a loan and possibly the terms and interest rate… Read More
2021-02-01 07:30
If you’re new to investing, index funds are a great way to get started. They not only offer instant diversification, they are also low cost and easy to maintain. But as with anything e… Read More
2021-01-29 07:30
How would you feel about getting paid to sit on your couch and make money while you watch videos and ads? Several Canadian fintech apps allow you to do just that. While watching videos as a… Read More
2021-01-28 07:30
Webull is yet another of the many American trading platforms that have become increasingly popular recently. But is Webull Canada a thing, or is Webull even accessible to Canadians? And if n… Read More
2021-01-25 07:30
When the stock market is falling, investors tend to rush towards gold. For this reason and more, gold makes for a solid hedge against future downturns in the stock market. But gold can be hi… Read More
2021-01-22 07:30
We all love getting free gift cards, and the good news is, you don’t have to wait until Christmas or your next birthday to cash in. There are more ways than ever for Canadians to get f… Read More
2021-01-21 07:30
American Fintech investment companies have become very popular as of late. With apps like Robinhood, Personal Capital, and now M1 Finance, it has us, Canadian investors, wondering if they ha… Read More
2021-01-18 07:30
Never in history has stock market investing been more accessible to the average investor. But if you’re new to buying and selling stocks, it can seem like a steep learning curve. In th… Read More
2021-01-15 07:30
Are your investment returns being eaten away by fees? It’s a question that every serious investor should ask themselves. Because whether you invest through a bank advisor, a full-servi… Read More
2021-01-14 07:30
If you’re anything like me, then you have financial and bank accounts at multiple locations. Keeping track of all of these accounts can be cumbersome and annoying. Personal Capital let… Read More
2021-01-11 07:30
They say that buying a house is one of the most stressful experiences people go through. And it’s no surprise, after all, there are so many things to consider. Getting a mortgage is on… Read More
2021-01-08 07:30
By my count, Canadian investors can choose from at least a dozen discount brokerages to do their self-directed investing. One of the larger brokerages is BMO InvestorLine, the online broker… Read More
2021-01-07 07:30
DIY investing has increased in popularity over the past few years. And commission-free trading is desirable. Robinhood offers commission-free trades on its app, but is Robinhood available in… Read More
2021-01-04 07:30
If you’re a senior (or you know a senior) looking to save money, look no further. I have put together the following list of discounts available to seniors in Canada, fully updated for… Read More
2021-01-01 07:30
With so many online banks in Canada offering savings accounts with high-interest and no-fees, it’s hard to keep track. Peoples Trust Bank, a division of Peoples Group, is one of many y… Read More
2020-12-31 07:30
When it comes to company pension plans, employees prefer defined benefit plans. But come retirement, or when you decide to leave the plan, you have a decision to make. Should you keep your m… Read More
2020-12-28 07:30
When most people hear the term, financial planning, they think about saving for retirement. And for a good reason, as retirement planning requires a long-term strategy and sound financial ad… Read More
2020-12-25 07:30
Once Christmas Day is in the rearview mirror, you may find yourself with some gifts you need to return. Whether it’s a piece of clothing that didn’t quite fit or something that y… Read More
2020-12-24 07:30
A company pension plan can be a great perk of the job. But unfortunately, only 37% of employees in Canada have access to a company plan. In the past, these plans would have been the gold-pla… Read More
2020-12-21 07:30
Christmas is just days away and you still have gifts to buy.
Here’s the problem. It’s probably too late to order online. At this point, you don’t know that you’ll be… Read More
2020-12-18 07:30
Canadians are fortunate to have so many choices regarding no-fee online banking and high-interest savings accounts. Names like Tangerine, EQ, and Simplii have become commonplace, to mention… Read More
2020-12-17 07:30
Do you have someone on your holiday gift list that is tough to buy for? A person who has everything or doesn’t seem to want anything? Experience gifts can make perfect gifts for anyone… Read More
2020-12-14 07:30
It’s an unfortunate reality that Canadians pay among the highest rates for cell phones anywhere in the world. Much of this is because our largest providers (Bell, Rogers, and Telus) ar… Read More
2020-12-11 07:30
With more and more retail sales moving online, free shipping has become commonplace. Many online stores offer free shipping once a purchase exceeds a certain amount, while others apply it to… Read More
2020-12-10 07:30
As a teacher, I have been fortunate to receive gifts from students and their families. These gifts are never expected but always appreciated. If you are looking for just the right present fo… Read More
2020-12-07 07:30
True to their name, alternative investments resemble the kinds of investment products we know very well, like stocks and bonds, yet there’s something, well, different about them. They… Read More
2020-12-04 07:30
Christmas is right around the corner, are you prepared? It can be tough to make sure that you have what you need for everyone on your list, and it can also be expensive.
If you want to avoid… Read More
2020-12-03 07:30
As a millennial, I have never sat down and balanced my chequebook. But there have been times when I have needed to provide a void cheque. If you are also in need of one, here is what you nee… Read More
2020-11-30 07:30
Most Canadians are familiar with the shopping extravaganza that is Black Friday, but in recent years another date is being circled on the retail sales calendar: Cyber Monday.
Perhaps the bes… Read More
2020-11-27 07:30
In Canada, we have no shortage of rewards credit cards to choose from, but it can be difficult to decipher from the many welcome offers that are out there. Most premium cards will offer you… Read More
2020-11-26 07:30
Unlike car insurance, in Canada, there is no legal requirement to have homeowners insurance. But that doesn’t mean you should go without it. Find out why you need insurance and how to… Read More
2020-11-23 07:30
It’s beginning to look a lot like the shopping season! Before you start scanning the flyers and planning where you want to camp out for the best deals, take a look at MapleMoney’… Read More
2020-11-20 07:30
Because bitcoin is a virtual currency, you cannot hold it in your hand. Nor can you store it in a traditional bank account. That’s where bitcoin wallets come in. A bitcoin wallet is a… Read More
2020-11-19 07:30
Although cheques are not as common as they once were, you may need to write out one from time to time. But don’t complicate the process. There are a few simple things you should know t… Read More
2020-11-16 07:30
When it’s time to get a mortgage, two things you’ll need to consider are the amortization period and term. However, many people aren’t sure what each one means, let alone t… Read More
2020-11-13 07:30
For almost 20 years, Microsoft Money was considered one of the leading personal finance software applications on the market. It enabled users to take charge of their personal finances from t… Read More
2020-11-12 07:30
If you are employed by someone other than yourself, then chances are you pay employment insurance premiums on every paycheque. The employment insurance (EI) program provides temporary income… Read More
2020-11-09 07:30
Thanks to modern technology, there have never been so many ways to transfer money to friends or family in Canada or worldwide. One longstanding method has been the wire transfer, and it rema… Read More
2020-11-06 07:30
One of the fastest ways to earn free rewards is by opening a new account with one of Canada’s financial institutions. Most people have heard of someone getting a free iPad or a few hun… Read More
2020-11-05 07:30
Does the process of creating a will seem long, complicated, and expensive? If so, then Epilogue may be just the answer you didn’t know you were looking for. But an online will company… Read More
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