There’s nothing more exciting than shopping for a new car. With new cars you can customize everything right down to the colour of the upholstery. It’s easy to get swept up in the enjoyment of a new car and forget about ongoing costs of operating your vehicle. There’s the fuel, maintenance, tires, licence, registration and […]

“Canadians planning to travel outside the country are in for a rude awakening. The dramatic decline of the Canadian dollar has suddenly made travel a lot more expensive. If you think last year’s vacation budget will stretch just as far – you are in for a shock.” Says Rahim Madhavji, President of President of Knightsbridge […]

Are you carrying an outstanding balance on your credit card? There’s no reason why anyone should carry debt on their credit card when they qualify for a loan with Grouplend. With most credit card interest rates at 20 percent or higher, it can take you years and cost you thousands in interest to pay off […]

Debating between saving for retirement or paying down your mortgage faster?  There’s a way to do both at once without having to alter your existing budget. The Total Wealth Approach The Total Wealth Approach is Chippingham Financial Group’s proprietary investment strategy to help address the entire financial life cycle of an individual.  They have spent […]

The following article is a guest post by Saxon Funk. I would like to start this blog post by first thanking Sean Cooper for asking me to write about this subject that we both enjoy which is net worth. I would also like to thank Jonathan Chevreau for writing a blog post on me which […]

The low interest rate environment may be beneficial for borrowers, but it’s certainly not helpful for savers. With fixed income like bonds and GICs earnings less than the rate of inflation, investors are faced with a difficult decision: should I play it safe and invest in bonds and GICS barely earning anything and delay my […]

The following article is a guest post by Dan Greenstein. Target Canada received approval this week from an Ontario Superior Court judge to sell back leases on 11 of their 133 locations across Canada. Oxford Properties and Ivanhoé Cambridge are contributing $138 million in lease buybacks which will go towards Target’s bankruptcy proceeding in Canada. […]

I’d like to start this post by dispelling a common myth: borrowing to invest is not a sin. We borrow for all sorts of things in life – homes, cars and university – but for some strange reason borrowing to invest is considered taboo. I’d like to show you how, when done properly, borrowing to […]

The following article is a guest post by Dan Greenstein. Canadian consumer debt as a percentage of after-tax income is at the highest level in history. Stats Canada research indicates that consumer debt including mortgages now exceeds 160% of disposable income, which is about twice the levels seen in 1990. Total Canadian consumer debt is […]

With tax season just around the corner, it’s the perfect time to review income tax software. While I’m all for bargain hunting, simply buying the software that’s on sale every year can lead to aggravation – not to mention you won’t be able to carry forward your personal information and deductions. So it’s important to […]