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Many analysts are concerned that the Bank of Canada’s push to raise interest rates would lead to a recession. Given that this will be the first one for young Canadians, particularly Gen Z, many are wondering if there is cause for concern and what to expect. Although a large portion of Gen Z have not […]

As inflation rises, the cost of living also rises. Prices are indeed increasing daily. Even if you don’t change a thing about your spending, the cost of maintaining the lifestyle you’re accustomed to will keep spiking. Take advantage of some easy strategies to stretch and conserve your income in your daily life to resist inflation. […]

Queen Elizabeth II, the longest-reigning British monarch and the head of state of Canada, died at the age of 96. She is typically depicted on Canadian currency. However, this may soon change. The Bank of Canada, which prints Canada’s paper bills, has stated that changes are unlikely to occur immediately. The current $20 banknote, which […]

According to the CPA Canada 2021 Fraud Study, 73% of individuals surveyed have received fraudulent requests. Email (44%) and telemarketing (33%) are the most popular targeted strategies. As a result, 33% of the population has been a victim of some kind of fraud at some point. According to the Canadian Anti-Fraud Centre, the amount of […]

To slow down the rate of inflation that has been out of control, the Bank of Canada has increased its benchmark rate by the highest amount in more than 20 years. The benchmark interest rate for Canada was increased by a full percentage point to 2.5% by the country’s central bank. This is the bank’s […]

What is Canada Day? The celebration of Canadian Confederation is commemorated on July 1, the national holiday known as Canada Day. The celebration of Canada’s birthday which was formerly known as “Dominion Day,” is celebrated annually to honor the union of the three British colonies in North America: New Brunswick, Nova Scotia, and the Provinces […]

We often hear about data breaches, scams or hacks. Corporate giants, financial institutions, and even the government have all fallen victim to hacks, allowing your personal information to be in the hands of scammers and criminals. It’s no secret that fraud is a significant problem in today’s world. Canadians lose millions of dollars to scams […]

In Canada, everyone should file an income tax return every year. This obligation extends to individuals who live in Ontario and reside elsewhere in Canada.  Filing your taxes should be one of your top annual to-do lists, which is an important one that can impact your financial life. If you live in Ontario, along with […]

Most people turn a blind eye to debt when buying a car. They know they need a car and there are many fancy options out there. If they qualify for the loan, they assume they can afford it and they drive off the lot in their dream car, with a large monthly or even bi-weekly […]