Should CMHC be More Honest about Foreclosures?
CMHC has landed itself in some pretty hot water, jumped right out and dried off a bit, and has since remained only slightly damp (and warm.) The Crown organization that is largely known for issuing mortgage insurance but in fact takes on many roles, has recently been accused of all kinds of misdoings and sketchy…
Read moreWhat do You Think about Payday Loans?
Over a year ago we published a piece about whether payday loans should be criminalized or not, and the erroneous fees and interest they can often charge, putting borrowers in a vicious cycle of borrowing only to use their next paycheque almost entirely for paying those costs back. When they once again find themselves short…
Read moreMoney Talks: Volume 14
For those of you getting tired of all the RRSP talk, you’ll be happy to know that this week’s reading around the web included topics of the more everyday variety. Helpful tips to save you money on general purchases and your mortgage, along with some history made in Calgary, it’s all very interesting! Personal Finance This…
Read moreDifferences between Banks and Trusts
Canadian Mortgage Trends recently just reported on the fact that Equitable Trust, the second-largest alternative lender in Canada, is thinking about becoming a bank. While the company has stated that, should this be something that becomes reality, it will have “no impact on” its current business model, nor would it greatly affect their customers. It…
Read moreOne More Reason We’re Not the States
At the height of our housing boom two years, or even just a year ago, people were panicked that we were “just like the States.” Seeing how our neighbours down south borrowed themselves into oblivion, only to find at the end of it all that they could’t afford it and it collapsed their economy really…
Read moreA Drop in Consumer Lending has Banks Clamping Down, says Analyst
It seems that Canadians have been paying attention to all the warnings given by Finance Minister Jim Flaherty and Bank of Canada Governor Mark Carney – consumer debt has finally slowed. But while that might be good news for some of Canada’s top officials, not to mention its biggest borrowers, it’s nothing but bad news…
Read moreIs H&R Block’s Second Look Worth a Second Look?
Just this morning we told you about the one simple formula you can use when filing your income tax yourself and wondering what self-employed deductions you can make, and which ones you can’t. But what if you’re not one of the millions of people who file their own taxes? What if you need a professional’s…
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