Mortgage Points Information for New Buyers
Holding the keys to that first home is a milestone event in the life of an adult. New home buyers can become so caught up in getting a new residence that they miss the implications of important fine details of financing a mortgage. For instance, the impact of mortgage points on their loan may get...
Buying a Home With Bad Credit: Tales of Success
If a home loan is not approved on the first try, it pays to apply with another creditor that will be open to saying yes. There are countless lenders that offer mortgages specifically for buyers with bruised credit or other financial situations. All borrowers should know their credit score in advance so they have an idea of their chances for approval.
How Businesses that Go Green Can Also Be in The Black
As businesses around the globe look to find ways to evolve and become more environmentally sustainable, there are many misconceptions that exist around the financial implications of doing so. An oft-held belief has been that taking concrete steps toward mitigating and minimizing one’s environmental footprint will be prohibitively expensive. This belief in turn provides a...
2020 Canada Tax Filing Deadline
The date to circle on your calendar is April 30th, 2020. For most Canadians, that’s the deadline to file your taxes for the 2019 fiscal year. In this post, we’ll be breaking down all the basics you need to know like what the deadlines are for personal, self-employment and corporate tax filings, what the penalties are for not filing your taxes on time and more!
How to Get a Personal Loan
We’ve prepared this guide to answer the most common questions we hear about personal loans. Alongside our lender comparison charts, after reading this you should have all you need to get started with your application!
How to Improve Your Credit Score: Step by Step Guide
Every Canadian has a credit score, but most of us have a pretty foggy understanding of what they mean and how they work. Despite this veil of secrecy, there are a number of simple best practices you can employ to improve your credit score over time. If you follow these tips, you’ll be well on your way to a stable financial future!
10 Ways to Save for Down Payment
Finding ways to save for a down payment is a normal part of the process of purchasing a home. The majority of home buyers secure financing to make what is probably the largest purchase of their lives. Here are 10 practical ways to save for a down payment!
Greenbox Capital® offers speedy small business loans with a personal touch
“I very much respect Canadian businesses, and we love doing business with them,” explains founder and chief executive officer Jordan Fein. “Our footprint is only going to grow in Canada, and we’re going to continue building that trust in a much bigger way.”
How to Get Out of Debt in 7 Steps
Debt can be crippling. Perhaps you are sick of being burdened by credit card balances. Maybe everyday expenses have become overwhelming. Whatever your reason, debt repayment is possible even if challenging. It also is quite rewarding. With debts increasing every day and Canadians everywhere facing this problem, we’re here to provide some insightful information for getting out of debt smoothly, swiftly and safely.
Bartering; the future of small business lending, and giving, according to BarterPay.
“We’ve taken it from a one-to-one bartering concept to a one-to-many, and we do all the work,” says Porter. “It’s solving this problem for businesses, turning what we call ‘business waste’ into value.
Addition of BMO Exec to CLA Board Further Proof “Alternative” Label is Out-dated
The line between traditional and so-called “alternative” lending got blurrier today as the Canadian Lenders Association announces the addition of Lyla Kanji—the Head of Loan Syndication and Specialty Finance, Canadian Commercial Banking at BMO Financial Group—to its board.
GoDay Offers Speedy Online Payday Loans For Canadians In a Hurry
The Toronto-based payday lender, which has been offering Canadians speedy loans since 2012, has built a reputation for providing safe and reliable loans in a hurry.
The 9 Best Budgeting Apps for 2020
Whether it’s goal setting for 2020 or budgeting wisely with a new decade, the undertaking can be incredibly daunting. Luckily, help is available at your fingertips. With an abundance of apps at your disposal, we’ve completed the hard work by narrowing down to the best nine apps currently available. These apps not only simplify the budgeting process, but immensely aid those who need a knowledgeable, guiding hand.
How to Get a Business Credit Card
Small business owners just starting out may think a company credit card is unnecessary. But even new companies can receive benefits and perks, along with expense management, to help the business to grow. Over time, building good business credit becomes a calling card to opportunities that produce the leverage needed to advance a small business into a thriving empire.
How to Build Your Team Before You Buy a House
In a perfect world, you find a house you love, you buy it, and live happily ever after! If only house hunting was as fast and easy as a transaction at the mall. Buying a property is a process that requires time, money, energy, and a qualified team to help you navigate the journey. To help you build your team and prepare for a house purchase, here is what you need to know!
How to Buy a House with Your Partner
Buying a house is a big step. It’s expensive, time-consuming and stressful. But when everything is said and done, it can be one of the most rewarding experiences in your life. Having a partner to navigate this experience with you can be a blessing with the proper planning and communication. Here are 4 things to discuss with your partner before buying a house together.
Wealthsimple: How I am using this robo advisor to invest for long-term
If you’re just starting with your investments, Wealthsimple guides you through the entire process. Similarly, if you are an experienced investor, Wealthsimple gives you multiple diversification options, along with the ability to set custom portfolios. If you need to contact support or require specific services, just reach out to their financial planners at the tap of a button.
Top 6 Farm & Agriculture Equipment Brands in Canada 2024
We’ve listed out the top six Canadian farming and agriculture equipment brands for the upcoming year so you know who to keep an eye on and what you can expect from each in 2024.
Top 6 Semi-Truck Brands in Canada 2024
The trucking industry has come a long way in the last few decades, with new technology and other advancements. Let’s take a look at the top six commercial truck manufacturers in Canada and North America, as well as some of the changes we can expect to see in 2024.
Ownr, The Easiest Way to Register a Business in Canada
Ownr helps by giving business owners peace-of-mind and a process to follow, allowing them to quickly and affordably register a business.
Canadian Mortgage Stress Test FAQs
On January 1, 2018 the Canadian government applied new guidelines to the Mortgage Stress Test (MST). Basic requirements were already in place for borrowers who put less than a 20% down payment on their home mortgage loan. With the new test guidelines, all conventional mortgage loan borrowers became subject to the new revisions regardless of the down payment amount. The changes included a number of other stringent rules for federally governed lenders to approve mortgages.
Ways to Avoid CMHC Insurance Fees
For a large of number of Canadian homeowners, a portion of their monthly mortgage payment goes toward a mandatory CMHC (Canada Mortgage and Housing Corporation) fee. It is automatically added to the payment to cover mortgage default insurance. The result is an increase in the amount due every month. But there are creative ways to lower or avoid CMHC insurance for those who are required to have it in place.
What is the Prime Rate?
The cost of credit is not exactly free, yet borrowers do save tons of money with prime interest rate loans. We’ve researched predictors of changes in prime rates and share that information to help you make sound financial decisions that will cost you the least money.
How do you Buy a Home as a Newcomer to Canada?
If Canada is a place you want to call home over the long-term, buying a home here makes a lot of sense. Here are the three most important factors lenders consider when considering whether to lend to someone who’s new to Canada to buy a home.
Buying a House as a Single Lady at Age 24
If you’re in the market for a house and don’t know where to start, here are 5 lessons that Liz Enriquez shares about how she bought her first home as a newly-single person in 2016 at age 24.