2023-11-24 07:30
Many Canadians have had success with real estate investing over the years, but there are downsides to having to purchase and maintain an investment property. If you don’t have the capi… Read More
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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.
2023-11-20 07:30
Owning a pet can be expensive, especially if they have an accident or illness. With the high cost of veterinary care, more Canadians are purchasing pet insurance to avoid financially-crippli… Read More
2023-11-17 07:30
A secured credit card can help individuals with limited or poor credit history to rebuild their credit scores. However, many Canadians are unsure of how secured cards differ from regular and… Read More
2023-11-13 07:30
Coast Capital Savings is a BC-based credit union with a long history dating back to the 1940s. As a federally chartered credit union, it has expanded its services to members across Canada, o… Read More
2023-11-10 07:30
If you’re looking for a new credit card, you’ll need to decide whether it will be a Visa, Mastercard, or maybe American Express. If it’s a Mastercard you’re after, it… Read More
2023-11-06 07:30
Given that interest rates are at their highest in decades, the idea of paying off your mortgage faster may seem unrealistic. Unfortunately, many Canadians right now are struggling to manage… Read More
2023-11-03 06:30
Thousands of Canadians dream of being their own boss, of having the flexibility to choose when they work, and being able to control their income.
Self-employment can be a rewarding and fulfi… Read More
2023-10-30 06:30
In just a few years, TikTok has become an incredibly popular social media platform. But beyond all of the viral dance and cute animal videos, it’s provided money-making opportunities t… Read More
2023-10-27 06:30
Getting a speeding ticket can be an unwelcome surprise for any driver. Though it’s crucial to abide by traffic laws and respect speed limits, there may be instances when you believe th… Read More
2023-10-23 06:30
For the uninitiated, choosing the right credit card can be a daunting task. With so many different types of credit cards to choose from in Canada, along with their many features and benefits… Read More
2023-10-20 06:30
A 2022 survey by payments company Interac revealed that almost 90% of Canadians have used Interac e-Transfer. In fact, Interac e-Transfers have become the standard method Canadians use to tr… Read More
2023-10-16 06:30
Coin rolls are still the easiest way to organize and transport large amounts of loose change. But with six different coin denominations, including pennies, it can be difficult to remember ho… Read More
2023-10-13 06:30
When it comes to managing your finances and building a solid credit history, credit cards play a crucial role. But if you have no previous credit history or bad credit, getting approved for… Read More
2023-10-09 06:30
If you spend a lot of time on the road, whether commuting or shuttling kids around to their various activities, you understand how expensive gas is. Thankfully, you can save a lot of money a… Read More
2023-10-06 06:30
Tired of paying monthly fees when you bank? If so, you may want to consider switching to a no-fee bank account. Unfortunately, Canada’s big banks offer little in the way of free chequi… Read More
2023-10-02 06:30
When it comes to managing your finances, using the correct type of bank account is very important. But while the differences between a chequing account and a savings account may seem obvious… Read More
2023-09-29 06:30
In other parts of the world, including the U.S., cheap airlines seem to be everywhere, but that hasn’t been the case in Canada. With only two major airlines in Canada (Air Canada and W… Read More
2023-09-25 06:30
Canada is a country known for its natural beauty and diverse population, but it’s also home to a growing number of millionaires, thanks in large part to a flourishing housing market. A… Read More
2023-09-22 06:30
Travelling outside of Canada can lead to wonderful experiences, but it often comes with a few financial hassles. One primary concern for many Canadians is the added cost of foreign transacti… Read More
2023-09-18 06:30
If you want to invest in equities, you have a few options. You can attempt to build a diversified portfolio of individual stocks, but that would require buying between 30-50 stocks across se… Read More
2023-09-15 06:30
If you travel frequently to the United States or purchase in US dollars, you may want to consider getting a US dollar credit card. US dollar credit cards allow you to spend and pay off your… Read More
2023-09-11 06:30
Low-risk investments may not earn double-digit returns, like a hot tech stock or ETF, but what they do offer can be just as valuable. When you choose a low-risk investment, your primary goal… Read More
2023-09-08 06:30
Most Canadians can differentiate between a debit card and a credit card. But while these two commonly used payment tools might look similar in appearance, each has its distinct advantages an… Read More
2023-09-04 06:30
Financial stress is a common struggle for many people. It can affect your mental and physical well-being and impact your overall quality of life. Money worries can come from different source… Read More
2023-09-01 06:30
Saving money can be hard, especially if you are just starting to save or your cash flow is tight. However, it can be much easier if you implement various savings challenges throughout the ye… Read More
2023-08-28 06:30
When renting an apartment or house, many people incorrectly assume that their belongings are covered under the landlord’s home insurance policy. Unfortunately, that’s not the cas… Read More
2023-08-25 06:30
Saving money can be challenging, especially with the current cost of living. However, Canadians are discovering the benefits of using money-saving apps to keep their finances on track.
For t… Read More
2023-08-21 06:30
Saving for a down payment can seem like a daunting and overwhelming task, especially for first-time homebuyers. However, with the right financial moves and a clear plan in place, you can mak… Read More
2023-08-18 06:30
Are you in need of a quick cash infusion? You’re not alone – many people face situations where they need to make extra money in a short period of time. The good news is that you… Read More
2023-08-14 06:30
Looking for fun activities that won’t break the bank? There are plenty of things to do for free that can be both enjoyable and fulfilling. Free activities not only help you save money… Read More
2023-08-11 06:30
When managing your finances, you may wonder what to focus on: paying off your debt or saving money. It’s a challenging decision, and the right choice comes down to your situation.
In t… Read More
2023-08-07 06:30
With the cost of everything from rent to groceries to gasoline on the rise, the idea of saving money can seem like a pipe dream to many. But you can save money fast by employing the right st… Read More
2023-08-04 06:30
When purchasing a home, one of the most significant hurdles many homebuyers face is saving up for a down payment. Fortunately, you may be able to receive assistance from a close family membe… Read More
2023-07-31 06:30
With so many banking options available in Canada, choosing the best chequing account for your day-to-day banking needs can be challenging. In recent years, online banks have introduced no-fe… Read More
2023-07-28 06:30
Compound interest is a powerful financial concept that plays a critical role in growing your wealth over time. Compounding refers to the interest that’s calculated on top of the intere… Read More
2023-07-24 06:30
Many low-income Canadians 65 years of age and over are eligible to receive an additional Old Age Security benefit known as the Guaranteed Income Supplement (GIS). There is also an Allowance… Read More
2023-07-21 06:30
With the cost of living reaching record highs, managing credit card debt has become increasingly difficult for Canadians. Simply making minimum payments is not enough; you need to take proac… Read More
2023-07-17 06:30
In Canada, the gig economy continues to gain popularity as more individuals shift their focus to attain a healthy work-life balance while earning a living. And with the rise of mobile techno… Read More
2023-07-14 06:30
Costco is known for its wide range of bulk-size products and exceptional prices. However, one aspect that truly sets the company apart from its competitors is its return policy, which is one… Read More
2023-07-10 06:30
In today’s fast-paced world, food delivery apps have become a go-to for many Canadians who want to enjoy their favourite restaurant meals at home or have their groceries delivered. As… Read More
2023-06-23 06:30
There’s never a dull moment when you’re investing in the ever-evolving tech sector. But with so much volatility, trying to pick individual tech stocks is a fool’s game. For… Read More
2023-05-29 06:30
Applying for a credit card can be confusing, with so many card options and features to consider. But before you start researching the various types of credit cards, you need to have a clear… Read More
2023-05-22 07:30
Effective budgeting is a critical skill that can transform how we manage our money. One popular budgeting method that has gained considerable attention in recent years is the 50/30/20 budget… Read More
2023-05-15 06:30
If you’ve listened to the news during the past year, you’ve no doubt heard the constant talk of an economic downturn and possible recession. But what exactly is a recession, and… Read More
2023-05-12 06:30
There was a time when you could go to the bank and qualify for a mortgage without a down payment. But is that still a thing, and if so, is a zero down payment mortgage even a good idea? I&rs&hell…Read More
2023-05-08 06:30
Investors are often tempted to try new strategies in an attempt to increase their potential returns. But advanced trading methods are usually complex and not suitable for beginner investors… Read More
2023-05-05 06:30
In recent years, many of the market’s hottest stocks have also been the most expensive ones to purchase. As a result, the only options for smaller investors have been exchange-traded f… Read More
2023-05-01 06:30
Zero-based budgeting offers flexibility and can help you achieve your long-term savings and money goals. In this article, I walk you through the budgeting process, including a sample zero-ba… Read More
2023-04-28 06:30
For the 2022 tax year, most Canadian taxpayers have until May 1, 2023, to file their income taxes. (Self-employed tax returns must be filed before June 15, 2023, although any taxes owed must… Read More
2023-04-24 06:30
During the past year, record-high inflation has forced Canadians to examine their budgets more closely. While we’ve seen an increase in the prices of the products and services we use d… Read More
2023-04-21 06:30
Saving money sounds like a no-brainer, so why is it hard for so many people? Part of the problem is that many of us don’t understand the “Why” behind saving money. We don&r&hell…Read More
2023-04-17 06:30
If you’ve recently been married or entered a committed relationship, you may wonder if it’s a good idea to join your banking with your spouse or partner. Perhaps you’ve dis… Read More
2023-04-14 06:30
Product flipping is one of the easiest side hustles to start. There are no setup costs, and you can make extra money within hours by listing items on Facebook Marketplace or Kijiji. But how… Read More
2023-04-10 06:30
Over the past few years, Canadian families have been hit from all sides when it comes to their finances. First, there was the COVID-19 pandemic, which disrupted people in many ways, includin… Read More
2023-04-07 06:30
Whether you’re a student currently enrolled in a post-secondary institution or you’re beginning post-secondary studies in the near future, you want a bank account that works with… Read More
2023-04-03 06:30
A 2022 report estimated that 1.2 million Canadians owned at least some cryptocurrency. Depending on how you hold your crypto (and how it performs), you may be subject to income tax when you… Read More
2023-03-31 06:30
One of the challenges Canadian investors face is finding ways to diversify their holdings beyond stocks and bonds. Real estate offers an opportunity, but the barriers to entry can be steep… Read More
2023-03-27 06:30
For various reasons, not everyone can qualify for a mortgage through a conventional lender, such as a bank or credit union. Sometimes, the only option is to obtain financing through a privat… Read More
2023-03-24 06:30
Thinking about buying a home? Before contacting a local real estate agent, it’s important to get a feel for the real estate market and what might be available in your price range. Buyi… Read More
2023-03-20 06:30
If you’re an employee in Canada, your take-home pay is less than your gross earnings. That’s because your employer must deduct several amounts before issuing your paycheque.
Some… Read More
2023-03-17 06:30
Most investors prefer to keep things simple by using a buy-and-hold strategy. They realize it’s no use to try and outsmart the market and that it’s easier to buy their ETFs and m… Read More
2023-03-13 06:30
One of the most important things you want to do before buying a home is to order a home inspection. Home inspections are almost always optional, but there are risks to not having a professio… Read More
2023-03-10 07:30
If you’re a small business owner, you know how important it is to have a dedicated bank account for your business. The problem is that business bank accounts are generally more expensi… Read More
2023-03-06 07:30
Finding affordable car insurance in Canada can be difficult, especially if you’re a young driver. Unfortunately, statistics reveal that young drivers have more car accidents due to a l… Read More
2023-03-03 07:30
Do you have an upcoming vacation that will take you outside the country? If so, you need to purchase travel insurance to cover any emergency medical costs that may arise. If necessary, you s… Read More
2023-02-27 07:30
Most investment advice you hear promotes a long-term buy-and-hold strategy for trading stocks. The idea behind such advice is that markets constantly fluctuate in value, making it impossible… Read More
2023-02-24 07:30
Secured credit cards can help you build or rebuild credit when you’re unable to qualify for a regular credit card or loan. The concept is simple. You provide an upfront security deposi… Read More
2023-02-20 07:30
Canadian investors know the easiest way to build a diversified portfolio is through low-cost index funds. But what is an index fund, anyways? Is it a mutual fund? An exchange-traded fund (ET… Read More
2023-02-17 07:30
It’s never been easier for Canadians to earn extra money in their spare time. From delivery apps like Skip the Dishes and UberEats to sharing your space on Airbnb, you can make good mo… Read More
2023-02-13 07:30
There are hundreds of online articles about making extra money or listing the best side hustles, work-from-home jobs, etc. In fact, you’ll find several of them on this website. What ab… Read More
2023-02-06 07:30
Each year, there seems to be more Canadian cryptocurrency exchanges entering the market. I’ve reviewed several of them here at MapleMoney, and I’m always interested in the new fe… Read More
2023-02-03 07:30
Founded in 2016, Crypto.com is one of the world’s largest crypto exchanges, boasting over 50 million customers and 4,000 employees. In addition to its crypto exchange, the company has… Read More
2023-01-30 07:30
Every year, thousands of Canadians sign up for paid survey websites like Survey Junkie or Swagbucks to earn a few dollars that they can convert to gift cards or PayPal Cash. And while paid s… Read More
2023-01-27 07:30
When deciding on a career path, there are many factors to consider. One of them is income potential. We all want to feel as though we are being well paid for the job we do. But not all jobs… Read More
2023-01-23 07:30
There is no shortage of rewards credit cards in Canada, but did you know that you can earn rewards on prepaid cards, too? In this article, I cover five prepaid credit cards that let you conv… Read More
2023-01-10 07:30
Studies show that most Canadians remain underinsured. A recent survey showed that more than 50% of Canadians do not have any life insurance. It’s startling when you consider how cheap… Read More
2023-01-06 07:30
Canada’s big five banks are among the largest and most respected financial institutions worldwide. And while they dominate the landscape in Canada, their operations extend well beyond… Read More
2023-01-02 07:30
If you have unwanted gift cards lying around your house, don’t let the money go to waste. There are many ways to sell gift cards that you don’t plan to use. In this article, I&rs&hell…Read More
2022-12-26 07:30
Most Canadians are familiar with longstanding tax credits, such as the GST/HST credit and the Canada Child Benefit (CCB). But there’s another family credit you may be eligible for, and… Read More
2022-12-19 07:30
Included in the price of most of the goods and services you buy in Canada is a 5% goods and services tax, or GST. Over the year, the amount you pay in GST can add up to hundreds, even thousa… Read More
2022-12-12 07:30
In recent years, many Canadian investors have sought to profit from the U.S. stock market by gobbling up shares of tech darlings such as Tesla, Meta (Facebook), and Alphabet (Google).
After… Read More
2022-12-05 07:30
If you’ve spent money to upgrade your skills, you can reduce your tax owing with the Canada Training Credit. One of the newer and lesser-known tax credits, the Canada Training Credit l… Read More
2022-11-04 06:30
Interac e-Transfer has revolutionized how Canadians move money to each other, reducing the number of cheques written by the millions. But how long do e-Transfers take, and is there a way to… Read More
2022-10-31 06:30
Interac e-Transfer has become the most convenient way for Canadians to send and receive money. But e-Transfer limits vary from one institution to the next, so it’s important to underst… Read More
2022-10-28 06:30
People often wonder if Canada has a gift tax. In other words, are there any rules to follow when you want to give money or other non-cash gifts to someone? While it’s a complex topic… Read More
2022-10-24 06:30
According to the Canadian Bankers Association, 90% of Canadians reported using online banking in the past year, and almost 50% say that digital is their preferred banking channel. The trend… Read More
2022-10-21 06:30
Managing money is hard. Thankfully, the best investment apps can make life easier by saving you time and money. The problem is that with so many apps available, how do you pick the right one… Read More
2022-10-14 06:30
Have you considered buying gold as a hedge against inflation? Do you want to diversify your investment portfolio by adding gold exposure? Whatever your reasons, it’s never been easier… Read More
2022-10-07 06:30
Faced with high inflation and rising interest rates, more Canadians are finding it difficult to qualify for a mortgage. The problem can seem even worse if you struggle with poor credit. The… Read More
2022-10-03 06:30
Sometimes, you might find yourself in a situation where you need to make a few dollars fast. Whether it’s an emergency car repair or other unexpected expense, quick cash is the only th… Read More
2022-09-30 06:30
In recent years, Canadian cryptocurrency exchanges have increased their crypto offerings exponentially. One such popular coin is XRP, from Ripple Labs. But XRP isn’t available everywhe… Read More
2022-09-26 06:30
If there’s one thing we’ve learned so far in 2022, life is only getting more expensive. Decades-high inflation has made everything from gas to groceries to used cars more costly… Read More
2022-09-23 06:30
With inflation rising to levels not seen in decades, most Canadians could use a little extra cash. One of the easiest ways to pad your bank account is by earning free PayPal money online.
Bu… Read More
2022-09-19 06:30
Canadian investors love exchange-traded funds (ETFs). According to the Canadian ETF Association, more than 1000 ETFs are available in Canada from more than 40 providers, the largest of which… Read More
2022-09-16 06:30
Cryptocurrency exchanges are arguably the most convenient way to trade and store your digital assets. But with so many platforms to choose from, how do you decide which one is right for you?… Read More
2022-09-12 06:30
I often write about ways to make money online, but many jobs have a minimum age or accreditation requirement, i.e., accountant or software engineer. But what if you’re a young person… Read More
2022-09-09 06:30
Not everyone looking to make a few extra dollars wants to spend hours per week filling out paid surveys. But if you enjoy playing games, there’s a better way.
I’ve come up with t… Read More
2022-09-05 06:30
Canadian investors love their dividends, and I recently published a list of the top Canadian Dividend ETFs. Now, it’s the tech sector’s turn. Did you know that you can purchase e… Read More
2022-09-02 06:30
What Is Binance?
Binance is the world’s largest crypto exchange and a leading blockchain ecosystem. More than 90 million users worldwide buy, trade, and store more than 350 crypto coin… Read More
2022-08-28 06:30
You can be forgiven for assuming it’s always better to buy a home than rent. After all, Canadian housing prices have been steadily rising in almost every part of the country for over a… Read More
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