Will credit card debt affect my mortgage application? - MoneySense
The size of your debt and your history of repayment could affect the amount you're allowed to borrow and even whether you qualify for a mortgage.| MoneySense
The size of your debt and your history of repayment could affect the amount you're allowed to borrow and even whether you qualify for a mortgage.| MoneySense
The process of mortgage pre-approval and approval are vastly different. Here's what you need to know to lower stress and get the best mortgage rate.| MoneySense
Adil is about to close on a home purchase and is surprised that his mortgage broker is asking for a cash payment for the broker fee before the funds are advanced.| MoneySense
Credit unions can help Canadians save on fees, but limited access, membership rules and fewer services mean they aren’t for everyone. The post Banking with a credit union can save on fees—but there are limitations appeared first on MoneySense.| MoneySense
Want an idea of how much tax you paid—or will be paying—for 2025? Here are the federal and provincial tax brackets to help you prepare for tax season. The post Canada’s income tax brackets for 2025, plus the maximum tax you’ll pay based on income appeared first on MoneySense.| MoneySense
Phone plan prices are all over the map. Here’s how to find an affordable plan that fits your needs in B.C. and beyond. The post How to find a cheap cellphone plan in B.C. appeared first on MoneySense.| MoneySense
The tech giant beat Wall Street’s earnings expectations, but its share price slipped in extended trading. The post Nvidia beats revenue expectations in Q2, but fears of a tech bubble persist appeared first on MoneySense.| MoneySense
A financial planner explains some tax-saving strategies that Canadian retirees may not have thought of. The post “We’re well off in retirement. How can we pay less tax?” appeared first on MoneySense.| MoneySense
Different registered accounts offer different benefits. Here’s how to decide which ones may be right for your needs and goals. The post RRSP, TFSA, FHSA, RESP: Which registered accounts should you use? appeared first on MoneySense.| MoneySense
Youth unemployment is rising, as employers increasingly turn to AI and other technologies to perform tasks. The post Youth unemployment at recessionary levels, CIBC report finds appeared first on MoneySense.| MoneySense
Customers lodging a complaint with the Canadian Transportation Agency are in for lengthy delays. Here’s how much time a resolution could take. The post Filing a complaint about the Air Canada strike? Expect a long wait appeared first on MoneySense.| MoneySense
Many Canadian families save for their kids’ post-secondary education with an RESP account. How do RESP withdrawals work?| MoneySense
Articles by Credit Canada| MoneySense
Going to school is expensive—but so are extracurriculars. This financial guide covers how to pay for school, for both parents and students.| MoneySense
What is a decision crisis? How do you know if you’re in one, and what do you do next? Financial expert Shannon Lee Simmons explains in her new book.| MoneySense
Read articles on debt management and mortgage advice from MoneySense.| MoneySense
Do personal finance journalists ever really retire? Jonathan Chevreau talks to Rob Carrick and other long-time writers about stepping back from full-time work.| MoneySense
Learning to budget and manage your money is a big part of living away from home for the first time. Three financial experts share their tips for students.| MoneySense
Anita Clarke set out to insure a designer dress collection under her home insurance policy. Here’s what she learned in the process.| MoneySense
Use a land transfer tax calculator to determine how much you’ll pay in taxes when buying a property in any Canadian province or territory.| MoneySense
A home inspection can tell you a lot about a property. Find out what a home inspection includes, how to hire a home inspector in Canada, and more.| MoneySense
Selling a home to become an empty nester as prices keep rising can feel like mistiming the market. Here’s what to consider.| MoneySense
Is it best to maximize your down payment on a house or condo purchase, or keep some money to invest?| MoneySense
Need a definition? Check the MoneySense Glossary, a dictionary of personal finance and investing terms created by Canada’s leading source for personal finance information.| MoneySense
Spend| MoneySense
As a student, it’s good to build a credit history while earning rewards for groceries, flights, movies and more. Here are the best credit cards for that.| MoneySense
The best travel credit cards offer lounge access, no forex fees, and excellent travel insurance. We’ve named The Scotiabank Gold Amex the top pick—see the rest of our list.| MoneySense
Roadside assistance isn’t something you think about—until you need it. Having one of these credit cards can ensure you're never caught off guard.| MoneySense
Buying a new car in Canada? It may have high-tech features, including safety options, you can’t use unless you pay extra monthly fees.| MoneySense
Struggling with debt? Learn how to assess what you owe, explore repayment strategies, and make a plan to get out of debt—and stay out for good.| MoneySense
The wealth gap in Canada has reached a new record high. Here’s why—and what Canadians can do to shore up their finances.| MoneySense
In a new report, the Ontario Securities Commission raises warnings about money advice on social media. Here’s how to separate the good from the scams.| MoneySense
Banking| MoneySense
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To calculate a capital gain or loss, you must know your investment’s ACB. Here’s the formula for adjusted cost base.| MoneySense
Credit cards are convenient at home and abroad, but Canadians often waste money on unnecessary fees. Here’s what to watch for on your next vacation.| MoneySense
Thinking about selling a property that’s not currently your primary residence? Knowing its value is essential to calculating—and not overpaying—capital gains.| MoneySense
Canadians don’t expect much from their chequing accounts. But we’ve scouted out options that offer surprising features, from breaks on fees to rewards programs.| MoneySense
Wealthsimple Chequing comes with high interest rates and a no foreign transaction fee card. Let’s take a closer look at the account.| MoneySense
Feeling the burn from inflation? A high-interest savings account (HISA) can help you protect your money and grow your balance as the cost of living rises.| MoneySense
Why are Canadians investing in GICs right now? Learn about how GICs work in the MoneySense Glossary.| MoneySense
If your brokerage offers commission-free ETFs, just accept the ECN fees as a reasonable trade-off.| MoneySense
Affording a home in Canada’s most populous region requires having a high household income. We break down the numbers by property type and city in the GTA.| MoneySense
Financial Independence, Retire Early – FIRE preaches an extreme frugality that isn't sustainable for most. But experts suggest we can play with FIRE.| MoneySense
Consider these five factors before deciding whether to contribute to a registered retirement savings plan (RRSP) or a tax-free savings account (TFSA).| MoneySense
Tax-free savings accounts offer a place for your cash or other investments to grow. Here’s help with selecting the best product to match your needs.| MoneySense
Interest is the cost you pay for borrowing money—and it’s the money you earn from certain investments. Learn how interest works in the MoneySense Glossary.| MoneySense
What are dividends? Why do you need to know this definition? The MoneySense Glossary is your resource for learning and understanding financial terms.| MoneySense
If you’re selling real estate or an investment, you’ll need to understand capital gains. Learn how a capital gain is calculated in the MoneySense Glossary.| MoneySense
Many retailers offer buy now, pay later programs to encourage spending. Understand the risks, including how your BNPL data could affect your credit score.| MoneySense
These top 10 Canadian momentum stocks all returned more than 40% over the past three months.| MoneySense
A MoneySense reader wants input on the tax implications of her investment withdrawals, but she can’t get a straight answer from her advisor.| MoneySense
Whether you’re heading out of town for the weekend or a round-the-world trip, protect your property with these tips.| MoneySense
Pro tips for picking stocks and speculative investments, in safe proportions, within your portfolio.| MoneySense
Learn about the world’s largest cryptocurrency, including different ways to invest.| MoneySense
Investors can pick from thousands of cryptocurrencies besides bitcoin, but they’re not all created equal. Find out which altcoins to watch now and in 2023.| MoneySense
New to DIY investing? These four simple Core Portfolio approaches give you several options to get started.| MoneySense
While the core Couch Potato philosophy is simple, effective and has yielded good historic concerns, the author feels they don't go far enough to protect against a broad range of economic conditions. Welcome to the advanced class.| MoneySense
Are you new to Canada or planning to move here? This guide will help you start earning, saving and investing money in your new home.| MoneySense
In addition to the Canada Child Benefit, most provinces offer support for low- and middle-income families. Here’s a guide to child benefits across Canada.| MoneySense
A mortgage is a secured loan used to buy a home or property. Find out how mortgages work, how to apply and what you need to get approved.| MoneySense
We look at the factors that affect your home insurance costs in Canada and how to keep your premiums low.| MoneySense
Comparing home insurance quotes is key to getting the right coverage at a good rate. We asked an expert what to look for when shopping around.| MoneySense
You know about home insurance. You may be savvy about tenant insurance. But have you heard of landlord insurance?| MoneySense
How much can you afford on your first home? How do mortgages work? We answer these questions and more in our guide for first-time buyers.| MoneySense
How do money lenders decide how creditworthy you are? Your credit score can be an important factor. Find out how your credit score is determined.| MoneySense
Sign up for one or all three of MoneySense’s FREE weekly newsletters. Learn more about money and finances in Canada.| MoneySense
U.S. President Donald Trump’s order hitting Canada and Mexico with 25% across-the-board tariffs came into effect on March 4. Read about the latest news.| MoneySense
News| MoneySense
Learn how capital gains are taxed and how to avoid paying more taxes than necessary when selling your assets.| MoneySense
Bitcoin’s price plummets—should you “buy the dip”? Plus, Canada’s first levered bitcoin and ethereum ETFs are here.| MoneySense
Canada’s Consumer Price Index fell in March amid the start of a tariff war with the U.S., the end of a temporary tax holiday and other factors.| MoneySense
Eligible Canadians will still receive their last carbon rebate payments in April.| MoneySense
News| MoneySense
Economic uncertainty, inflation and the decline of workplace pensions have left growing numbers of seniors unable to leave their jobs.| MoneySense
Canada’s employers put hiring on ice in February ahead of tariff impacts.| MoneySense
Will a potential recession mean mass layoffs? Learn how to prepare financially and recover if the worst happens and you lose your job.| MoneySense
Cards that waive or refund the fee for foreign currency charges are few and far between. But if you’re a frequent traveller, they’re worth seeking out.| MoneySense
Tesla sales fall as the company’s billionaire founder embraces right-wing politics. Analysts, investors and customers weigh in on what it means for Tesla.| MoneySense
Read articles and advice on Canadian taxes from MoneySense.| MoneySense
We have everything you need to know about tax credits, changes and deadlines, and more. Get the info you need to prep and file your 2024 income tax return.| MoneySense
Buying a home with a down payment of less than 20%? You’ll need mortgage default insurance. Use this tool to figure out how much it will cost.| MoneySense
Use a mortgage down payment calculator to figure the lump sum you’ll need to secure a particular property.| MoneySense
The first home savings account was created to help you save more money for a home purchase. Here’s how to find the best FHSA for your needs.| MoneySense
Insurance| MoneySense
What a time to manage your money! Share your thoughts on personal finance in the latest MoneySense reader survey.| MoneySense
Longer mortgages can stretch the amount you qualify for and provide some wiggle room in your budget.| MoneySense
Use a mortgage payment calculator to understand what a mortgage will cost you in real terms.| MoneySense
A mortgage affordability calculator uses your income, debts and living expenses to determine how much money you can borrow to buy a home.| MoneySense
Mortgages| MoneySense
If you want to buy a home in Canada, you’ll likely need to apply for a mortgage. Learn about your mortgage options in the MoneySense Glossary.| MoneySense
MoneySense columnists cover topics including investing, personal finance, retirement, real estate and more.| MoneySense
Use this ranking as a tool to help you identify the companies that offer the best investment potential now, based on yield, stability and value.| MoneySense
You have so many options for finding the best mortgage rate for you. Here’s how you can compare some of the best fixed rates available.| MoneySense
Five-year variable-rate mortgages offer potential cost savings to buyers who can handle the possibility of changes in market interest rates.| MoneySense
A home equity line of credit is a way to borrow money. Find out how a HELOC works in the MoneySense Glossary.| MoneySense
Find out which Canadian robo-advisor tops our 2024 list, and which robo is right for you and your investing goals, too.| MoneySense
MoneySense aims to be transparent when we receive compensation for advertisements and links on our site. Read our full advertising disclosure for more details.| MoneySense
After you’ve filed your tax return, the Canada Revenue Agency sends a notice of assessment. Learn what information the NOA contains, in the MoneySense Glossary.| MoneySense
If you want to know your RRSP contribution limit for 2023 (and earlier), there’s no better time than the present to figure out the details.| MoneySense
