Prime Rate

Mohamed Konate


Mohamed Konate is a personal finance expert and blogger with years of experience in the Canadian financial industry. As a former financial services professional at major institutions, he developed a deep understanding of the financial challenges facing everyday Canadians. Passionate about helping others achieve financial success, Mohamed shares his insights and knowledge on this blog. He holds a Bachelor and a Master in Business Administration from universities in Quebec.

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Prime Rate
Published by Mohamed Konate | Updated Nov 11, 2023
Prime Rate
Reading Time: 3 Min Prime Rate   The prime rate in Canada is currently at 7.20%.    The prime rate is mainly influenced by the Bank of Canada’s set policy interest rate, also known as the overnight interest rate. Every bank sets their own prime rate, but the major banks usually have similar or the same prime rate. The… Continue reading Prime Rate
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Mortgage Terms Explained
Published by Mohamed Konate | Updated May 15, 2025
Mortgage Terms Explained
Reading Time: 2 Min   A mortgage term is defined as the length of time you’re committed to a specified mortgage rate, lender and parameters defined by that lender. At the end of a mortgage term, the borrower can pay off the remaining balance, renew the mortgage term, refinance the mortgage, or change lenders. Canadian homeowners often renew their… Continue reading Mortgage Terms Explained
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Can I Print My T4 From My CRA account?
Published by Mohamed Konate | Updated Dec 30, 2023
Can I Print My T4 From My CRA account?
Reading Time: < 1 minute Can I Print My T4 From My CRA account? The majority of employers provide their T4 slips to the CRA which allows individuals to access their T4s on their My CRA account. However, there are exceptions to this rule, but check before reaching out to your employer directly. Other CRA Account FAQs Can The CRA… Continue reading Can I Print My T4 From My CRA account?
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Can CRA Take My Pension?
Published by Mohamed Konate | Updated Dec 30, 2023
Can CRA Take My Pension?
Reading Time: < 1 minute Can CRA Take My Pension? Yes, the CRA can take your pension if you owe tax debt. This is particularly easy for them to do if you’re receiving Canada Pension Plan (CPP) or Old Age Security (OAS) payments. However, they can obtain pension payments from other sources through a garnishment as well. Other CRA Account… Continue reading Can CRA Take My Pension?
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Can I Do My Taxes on The CRA Website?
Published by Mohamed Konate | Updated Dec 30, 2023
Can I Do My Taxes on The CRA Website?
Reading Time: < 1 minute Can I Do My Taxes on The CRA Website? Yes, you can file your taxes online through the CRA website for free. You must use one of the approved tax preparation softwares or web applications. The return is completed within your CRA My Account. Other CRA Account FAQs Can CRA Take My Child Tax Benefit?… Continue reading Can I Do My Taxes on The CRA Website?
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How To Set Up My CRA Account?
Published by Mohamed Konate | Updated Dec 30, 2023
How To Set Up My CRA Account?
Reading Time: < 1 minute How To Set Up My CRA Account? You can register for My Account online. Register by using a sign-in partner which is a financial institution. If your financial institution is not registered with the CRA, you can create an ID and password to register. In British Columbia, there is a special option to register with… Continue reading How To Set Up My CRA Account?
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