Reducing your credit card debt doesn’t have to be complicated — here’s what you need to know to get on the right track
Ignoring your credit card debt is like letting a ticking time bomb go off — at 19.99% interest, a $3,000 balance can grow to over $6,900 in just five years if only minimum payments are made. According to the Financial Consumer Agency of Canada, making only minimum payments on a typical credit card at 20% […]
Drowning in student costs? Here’s how the right credit card can save you money — and protect your financial future
Picking the right credit card as a Canadian university student is the first step in building good credit and a great way to reap benefits like cashback rewards. To help, here are eight easy tips when choosing a Canadian student credit card. How do student cards differ from other credit cards? Student credit cards are […]
A missing decimal cost a Guelph diner $34K. Here’s how to avoid costly clerical mistakes
A simple typo nearly sank Christos Kyriacou’s summer. Kyriacou, owner of Angel’s Diner in Guelph, Ont., went to pay his internet bill in May. Instead of sending the $341.26 he owed Bell, he missed the decimal point and wired $34,126. “Stupid me didn’t put the decimal,” he told CBC News. “Honest mistake, but a big […]
Two Ontario residents are out a combined $90k after they invested in private investment scams. Here’s how you can spot these enticing opportunities for what they are — theft
In the world of investing, the advice “if it’s too good to be true, it probably isn’t,” is a cardinal rule — one that shouldn’t be broken unless there’s reason to do so. Unfortunately, two Ontario residents lost a combined $90,000 after investing with two private investment companies. And they think their money might be […]
“I lost everything”: Newcomer alleges $500K scam in Yukon immigration nightmare
A second lawsuit has been filed against a Whitehorse immigration consultant, alleging that nearly half a million dollars was lost in what the plaintiff calls a fraudulent immigration scheme linked to the Yukon Business Nominee Program. Franklin Lee, a Hong Kong national seeking permanent residency in Canada, filed a statement of claim earlier this month […]
Costco customers left confused after hundreds of dollars were drained from their gift cards. Here’s how you can avoid gift card draining scams
A gift card can be a perfect gift in a pinch, or an easy way to prepare for a shopping spree at your favorite retailer. However, for dozens of Costco customers that purchased Shop gift cards from the retailer, they might be rethinking their decision. According to CBC News, dozens of Costco customers have reported […]
Cheers to that: Ontario is slashing booze taxes just in time for the August long weekend
Whether you’re sipping gin on the dock, cracking open a craft brew at a backyard BBQ or stocking up on coolers for the long weekend, Ontario has something to cheers to on August 1 that could give both your wallet — and the provincial economy — a boost. How did we get here? A budget […]
Alberta implements a $200 EV tax. What does this mean for the future of electric vehicles?
Alberta will begin collecting an annual $200 tax on electric vehicles (EVs) starting Feb. 13, 2025. The new tax applies to all fully electric vehicles at the time of registration, while hybrid vehicles remain exempt. EV owners will be slapped with the $200 tax when they go to register their EV — after the initial […]
45% of Canadians admit biggest mistake is not saving enough—here’s how poor financial decisions can derail retirement plans
For many Canadians, the weight of past financial mistakes is proving to be more than just a temporary burden — it is actively reshaping their long-term future, particularly when it comes to retirement. A recent study from Money.ca highlights how financial missteps, from overspending to inadequate savings, are delaying critical milestones and forcing individuals to […]
How using the Amex Cobalt and the Scotia Passport Visa Infinite cards became the travel credit card combo I swear by
The Amex Cobalt and the Scotia Passport Visa Infinite are two of the best travel credit cards out there, but who says you have to pick just one? As an experienced traveller, I’ll show you how using both can elevate your trips around the world. It may sound like overkill, but trust me, this combo […]