Landlord/Tenant Myths Debunked: Part 1
Are you an investor thinking of buying a property to rent to tenants? Are you concerned because you’ve heard horror stories of tenants withholding rent because of neglected repairs, or phones ringing off the hook at all hours of the night? Or are you a tenant currently in a bind with your landlord, and wondering…
Read moreUnderstanding Credit: Part 1, Your Credit Report
Credit is something that we all think we understand, but few of us actually have a grasp on – until it’s too late. Yes, credit is that invisible little thing that allows you to make purchases and use money that you haven’t yet earned – provided that once you do have the money, you’ll pay…
Read moreThe Difference Between Your RRSP Deduction Limit, and Your Contribution Limit
When it comes to saving for your retirement, everyone knows that the more you can, the better. But everyone also knows that while you’re trying to stow away as much cash as possible, when it comes to your RRSPs, there are limits. You can only contribute a certain amount every year, and you will be…
Read moreCanadians on the Road of Good Intentions when it Comes to Retirement Planning
‘Tis the season to get all caught up in retirement planning and socking away as much as you can. And when it comes to wanting to contribute to our future retirement during our working years, the good news is that most Canadians want to. The bad news though, is that not many of us follow up those…
Read moreTerritories Contribute Most to Retirement, Alberta Close Behind
Statistics Canada released a report this morning showing the different levels of RRSP contributions around the country, and seeing how certain provinces and territories stacked up against each other. Turns out, individuals in the territories contribute the most to their retirement through RRSPs and TFSAs, while Alberta is the leading province in the same category….
Read moreMissing Student Loan Debacle can Seriously Harm Canadians’ Credit
Back in January the federal government came forward saying that an external hard drive containing information regarding 583,000 student loans went missing. The government is now contacting all of those affected, Canada Student Loan borrowers that took out a loan between 2000 and 2006. Now, with the data still missing, each of these borrowers is…
Read moreConsumer Debt Reaches All-Time High
This is news that is sure to make Finance Minister Jim Flaherty cringe – our consumer debt levels are the highest they’ve ever been. The credit reporting firm TransUnion reported this week that the average Canadian consumer debt load has reached new heights of $27,485 during the last quarter of 2012. That’s an increase of…
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