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What would you do if you could no longer do your job due to health issues? Fortunately, many employers offer short-term disability insurance. It’s possible to take out such insurance on an individual basis too. The federal government provides Employment Insurance (EI) sickness benefits as well. What happens if you can’t work? When you can’t […]

Noah is buying a condo in two weeks. As his closing appointment approaches, is there still time for him to open and contribute to a First Home Savings Account (FHSA)? In theory, there’s no minimum number of days that money must remain in a FHSA before it can be withdrawn, but in practice, things are […]

I recently bought a new house: a lovely 1960s bungalow. It was quite outdated and over the past month, I’ve renovated the kitchen. It dated back to the year of construction, and a weird smell permeated the cupboards. Yikes! People around me told me I’d have to pay at least $20,000 to redo the floor, […]

Sewer backup insurance is a coverage that all Canadian homeowners should at least understand, even if it’s less relevant to those living in upper-floor apartments. Since it’s usually an additional coverage you have to add to your home insurance (and pay extra for), we’ll help you better understand its role and how to assess whether […]

As house prices stay quite high, many Canadians find it more challenging to save for a mortgage down payment. The Canadian government came up with initiatives to make homeownership more affordable. One way the government decided to tackle the housing crisis is through the First Home Savings Account (FHSA). Who can open a FHSA? The […]

As a new Canadian or a novice tip-giver, you may wonder about tipping in Canada in certain situations. In a survey on tipflation conducted by Hardbacon, more than 60% of Canadians said they felt manipulated by payment terminals into giving larger tips. Further, those requests come more often and at stores that didn’t seek out […]

Exchange-traded funds (ETFs) are the new darling of self-directed investors. Although they were first introduced several years ago, the democratization of investing has made it easier than ever to buy ETFs. Are ETFs really beneficial? What are their limitations? How do you actually buy them? How do you make the right choice? Here are a […]

Are you struggling to keep track of multiple debts and their payments? Are you constantly paying interest on your credit card but your balance never comes down? Debt consolidation could be the answer you’re looking for. It eliminates the never-ending headaches and can help you to pay down your debts faster. In some circumstances, you […]

A disability can create major problems when it comes to personal finances. While your expenses and obligations remain largely the same (or may increase if you are seeking medical treatment), your inability to work impacts your income. Long-term disability insurance is a good solution to prevent you from eroding your assets or taking on excessive […]

A home insurance deductible is the amount of money you pay out of your pocket if you make a claim. When it comes to selecting the right home insurance policy, it’s vital to understand the deductible because it can increase or decrease your premium. Adjust your deductible realistically when you’re comparing quotes for home insurance. […]

Electric cars are becoming increasingly popular: over 100,000 new electric or hybrid vehicles were registered in 2023 in Quebec. This year, those interested in purchasing an electric vehicle will still benefit from maximum incentives from the government. But these will be reduced as of next year. Does it make sense to buy an electric car […]

In collaboration with Royal Bank Of Canada There was a time when a filling a grocery cart was quick and painless. Today, it can feel like a one-two punch. Over the last five years, rising prices of staples like potatoes (+36%) and ground beef (+27%) caused many Canadians to change their shopping habits. And despite the changes, Canadians still face substantially higher […]