RRSP vs TFSA| Which Should You Open First?
Is it better to open a TFSA account or an RRSP account first? In this video, I break down which account (TFSA or RRSP) most…
Category: Blogs
Canada’s Cheapest Cities to Buy a House| Most Affordable Cities in Canada
This video looks at every Canadian province and territory to identify the most affordable place to buy a home in Canada, along with where the…
What is a Net Worth Statement?
One financial document you should be reviewed on a yearly basis is called the net worth statement. The statement is similar to an organization’s balance…
How Do Credit Cards Work?
Credit cards have replaced paper money while offering a range of benefits and rewards. Their convenience and ease of use are great, but it’s important…
Line of Credit: What You Need to Know
Lines of credit are often referred to as the never pay back plan within the banking industry. The joke is that most people who take…
What is Wealth?
The word wealth brings all sorts of images to mind. For me, my definition of wealth has evolved with time and continues to evolve. When…
Is Financial Coaching Right for You?
If you’re reading this, well done! You’ve just taken your first step toward wealth by exploring the life-changing tool that is financial coaching. This is…
What is a Mortgage Prepayment Charge?
When applied to mortgages, prepayment refers to the cost associated with breaking a mortgage term before it completes. Mortgages come in two main varieties; open…
What is Home Buyer Plan?
Under the first-time Home Buyer’s Plan, you can withdraw up to $35,000 from your RRSP account to use as a down payment toward purchasing your…
What is the First Time Home Buyer Incentive?
The first time home buyer incentive down payment program provides additional down payment for first-time home buyers who meet the minimum down payment for an…
What is a Registered Disability Savings Plan (RDSP)
A registered disability savings plan (RDSP) is a savings plan designed to help individuals who qualify for the disability tax credit save money towards providing…
Do Rent Controls Keep Rents Low?
Rent controls rarely work to control long-term rent prices because such a policy often fails to account for and appreciate the importance of incentives in…