Differences 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…
Read moreThe Simple Formula to Claiming Self-Employed Expenses
If you’re self-employed, you know how tricky it can be to file your taxes. People are always wondering if they can claim a portion of their self-employed mortgages, that cup of coffee they treated a client to, or a portion of their home phone bill when they file, and they get awfully confused about what…
Read moreDoes Owning a Home Make You More Financially Responsible?
This morning we looked at a very controversial topic when it comes to home ownership: the classic battle between renting versus buying, and whether or not costs for the two actually do equal out to about the same. Now though we want to take a look at another controversial statement, this time made by Canada…
Read moreDo Renting and Mortgages Really Equal Out to About the Same?
We’ve talked a lot on this blog lately about how the idea of home ownership has become the be-all-end-all for many Canadians, or at least how many of the experts think it has anyway. Delving deeper into that idea, one of the reasons why many Canadians seem so obsessed with the idea of owning a…
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