With household debt at a record $2.6 trillion, many Canadians are desperate for solutions to help cover their expenses, and some are using their homes as collateral to borrow the cash. Last year, home equity line of credit (HELOC) debt grew to roughly $18... See more
Q: If I get injured, how do CPP disability benefits, EI sick benefits, and private disability insurance work together? A: If you’re injured or have a prolonged illness, there are steps you can take to ensure you get some kind of income while you’re unable... See more
Jacob, a 38-year-old project manager in Toronto, had a tough 2025. Up until last year, he was debt-free and disciplined with his finances, paying off his credit card monthly and building his savings. He was planning to get married this year, and had set a... See more
Canadians are starting to feel the strain on their wallets amid the conflict in Iran and the disruption of the crucial Strait of Hormuz shipping route, and experts say financial pressures could worsen in the coming months. Higher oil prices could lead to ... See more
Q: What is tax-loss harvesting, and how can I legally use investment losses in my nonregistered accounts to reduce my tax bill? A: Tax-loss harvesting, or tax-loss selling, is a strategy investors can use to lower their tax bill by selling some investment... See more
