Personal Finance

Published by Mohamed Konate | Updated Oct 16, 2021
Old Age Security Canada
Old Age Security Canada Guide & Payment Dates Many Canadians struggle with finances, whether it’s debt, budgeting, or taxes. As a senior citizen, you have more financial challenges to consider a
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Published by Mohamed Konate | Updated Oct 16, 2021
Senior Discounts in Canada
It is a ordinary promotion for companies and organizations to offer senior discounts. While there is no standard discount or age to qualify, you may want to consider spending your money at one of the
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Published by Mohamed Konate | Updated Oct 13, 2021
Canada Recovery Benefit
Canada Recovery Benefit: How to apply for Canadian recovery benefits COVID-19 has hit the Canadian economy hard. Travel, tourism, and hospitality have been shut down on and off since March 15, 2020. A
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Published by Mohamed Konate | Updated Oct 13, 2021
Ontario Trillium Benefit
The Ontario Trillium Benefit is refundable tax credit for low to moderate income residents of Ontario. It was created by the provincial government in 2011 and combines three previous credits: The Nort
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Published by Mohamed Konate | Updated Oct 16, 2021
VISA vs Mastercard: What’s the Difference?
Credit cards can be complicated. There are different types, with unique costs, requirements, rewards, benefits, sign up bonuses – and the list goes on. Internationally, the two most widely accepted
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Published by Mohamed Konate | Updated Oct 13, 2021
Canada Child Benefit
The Canadian government is dedicated to helping families care for their children, especially during this tough economic time. Raising families can be a difficult and expensive task as is, but is even
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Published by Mohamed Konate | Updated Oct 13, 2021
Costco Membership
With 105 locations across Canada, Costco is a bulk shoppers paradise. To shop there, you need a membership, which comes with a fee. Memberships have various levels, some of which have extra benefits.
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Published by Mohamed Konate | Updated Oct 16, 2021
6 Steps to Take to Improve Your Credit Score
Navigating your credit score and trying to improve it can be a confusing and complicated process. Your credit score will influence the outcome of a car loan, credit card or mortgage application. Reall
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Published by Mohamed Konate | Updated Oct 16, 2021
Refresh Financial Review
Refresh Financial Review 2021   Refresh Financial offers people with no credit history or poor credit scores the chance to improve their credit standing. Their loans do not provide you money upf
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Published by Mohamed Konate | Updated Oct 13, 2021
MoneyGram Review
MoneyGram Review 2021   MoneyGram is the second-largest money transfer company in the world. They make it easy to send money overseas with several locations for pickups. You can also use the ser
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Published by Mohamed Konate | Updated Oct 13, 2021
The Importance of an Emergency Fund
Have you ever heard the phrase, “save for a rainy day?” You probably heard it from a friend, parent or family member at some point in time. A rainy day is an unexpected event in the future that wi
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Published by Mohamed Konate | Updated Oct 13, 2021
Fairstone Loans Review
Fairstone has been in business in Canada since 1923. They offer alternative lending solutions. Alternative meaning that, they are not a traditional bank, but rather a financial services company. They
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Published by Mohamed Konate | Updated Oct 13, 2021
How to Cancel a Credit Card
Credit cards are one of the most common, convenient, and accessible forms of credit. As long as you have a decent credit score, you can access a credit card. In the case of individuals with poor credi
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Published by Mohamed Konate | Updated Oct 24, 2021
What is the Difference Between a Store Card and a Credit Card?
  Have you ever been in your favourite store and someone approaches you, clipboard in hand asking if you’d like to apply for a store card? Or maybe you tried to pay for your purchase using a cr
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Published by Mohamed Konate | Updated Oct 24, 2021
Best Credit Cards for Emergencies in 2021
Facing financial emergencies when you don’t have the savings to cover your costs can find you scrambling to find credit in a pinch. When this happens it can be overwhelming determining which credit
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Published by Mohamed Konate | Updated Oct 22, 2021
How to Write a Cheque in Canada : 7 Steps You Need To Know
  A cheque is a type of legal, financial document. It is used to transfer funds from one entity to another. Cheque usage goes back to ancient Roman civilization, as many historians believe. The p
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Published by Mohamed Konate | Updated Oct 16, 2021
The Best Budgeting Apps and Personal Finance Apps 2021
One of the greatest things about being a part of the digital age is that there’s a technology solution to virtually every problem. Personal finance and budgeting is no exception. If you’re managi
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Published by Mohamed Konate | Updated Oct 16, 2021
The Best Personal Finance Blogs In 2021
  One of the best ways to brush up on your personal finance skills is through self education. In the old days, this was challenging to do because self help resources weren’t readily available.
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Published by Mohamed Konate | Updated Oct 16, 2021
Triangle Rewards Program Overview
Canadian Tire Triangle Rewards Program Overview In 2015, Canadian Tire launched the Triangle Rewards program. In addition to this program, there is the Canadian Tire Money rewards program which has be
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Published by Mohamed Konate | Updated Oct 16, 2021
Best Personal Finance Books of 2021
Best Personal Finance Books You Should Read to Grow & Establish Wealth Personal finance is among the hottest topics of the 21st century. There are several reasons why personal finance knowledge is
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Published by Mohamed Konate | Updated Oct 13, 2021
HSBC Rewards Program: Everything You Need To Know
  HSBC is among the world’s biggest banking and financial services institutions. The organization offers numerous services including personal banking, commercial banking and global banking. It
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Published by Mohamed Konate | Updated Oct 21, 2021
Amazon Prime Canada Review 2021
What is Amazon Prime Canada? Amazon Prime Canada is a subscription-based service that allows its subscribers access to quick shipping, streaming video and music content, exclusive member-only deals, a
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Published by Mohamed Konate | Updated Oct 21, 2021
Best Places to Live in Canada in 2021
Where is the Best Places to Live in Canada?   O, Canada! This northern country is one of the premier places to live in the world because of its contrasting populations, stunning terrains and the
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Published by Mohamed Konate | Updated Oct 16, 2021
Student Loans Guide Canada
Thinking about pursuing a postsecondary degree but wondering how to get the money to do so? Most people do not have the money to pay for their college experience upfront, which is where student loans
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Published by Mohamed Konate | Updated Oct 13, 2021
H&R Block Canada Review
Throughout Canada, every individual is required to file an annual tax return and those who are working, whether for an employer or themselves, are required to pay taxes on their earnings. Additionally
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Published by Mohamed Konate | Updated Oct 24, 2021
Tangerine Bank review 2021: What you need to know
Founded in 1997 as ING Direct, Tangerine was one of the first direct banking institutions in Canada. It allows Canadians to bank virtually, without the need for visiting a branch. This alternative to
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Published by Mohamed Konate | Updated Oct 16, 2021
ICICI Bank Canada Review: Everything you need to know
ICICI Bank Canada is a subsidiary of ICICI Bank Limited which is headquartered in India. ICICI Bank Limited has operations across the world in countries such as the United Kingdom, Oman, South Africa,
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Published by Mohamed Konate | Updated Oct 16, 2021
Best Banks in Canada in 2021: Everything you need to know
Looking for a new bank? Canadians are spoiled when it comes to banking options, but if you are looking at opening a new account you probably just feel overwhelmed. My Rate Compass has created an easy
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Published by Mohamed Konate | Updated Oct 16, 2021
Vancity Credit Union
Vancity Credit Union Review Vancouver City Savings Credit Union, known to most as the Vancity Credit Union, is the largest-sized credit union in British Columbia and the greater Canada region. Current
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Published by Mohamed Konate | Updated Oct 21, 2021
GST Payment Dates 2021
If you landed on this page, you may have searched on Google for GST Payment dates 2021. My Rate Compass will  save you time as we’ve outlined the important dates you should know.” GST Pa
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Published by Mohamed Konate | Updated Oct 16, 2021
TD Rewards Points
TD Rewards Points Overview: Everything you need to know   Toronto Dominion bank, TD for short, is Canada’s second largest bank. Similarly, to other big Canadian banks, TD offers a comprehensiv
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Published by Mohamed Konate | Updated Oct 16, 2021
Registered Education Savings Plans (RESPs) Guide
What You Need to Know About RESPs for 2021   A Registered Education Savings Plan, RESP for short, is a registered account with the Canadian government that is designed to help parents save for t
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Published by Mohamed Konate | Updated Oct 21, 2021
GICs Explained
GICs Explained: Everything you need to know   GICs, short for Guaranteed Investment Certificates, are a valuable investment because of their low risk and helpfulness when saving. GICs are easy t
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Published by Mohamed Konate | Updated Oct 16, 2021
Capital Gains Tax Canada Explained
Capital Gains Tax Canada: What you need to know   A capital gain arises when the value of your investment on the market or selling price is greater than the original price you paid. Whenever you
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Published by Mohamed Konate | Updated Oct 13, 2021
How to Save for a House
Here’s How to Save for a House Down Payment in Canada in 2021     In 2021, due to the COVID-19 lockdown, saving money for a house down payment has become even more difficult than before.
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Published by Mohamed Konate | Updated Oct 22, 2021
Scotia Rewards Points Program
Scotia Rewards Points Program Review     Over our last couple of reviews, we've taken a break from reviewing all the different financial services offered by several of Canada's leading ban
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Published by Mohamed Konate | Updated Oct 16, 2021
CIBC Rewards Review 2021
CIBC Rewards Program review 2021: Everything you need to know   The Canadian Imperial Bank of Commerce is the result of a 1961 merger between the Canadian Bank of Commerce and the Imperial Bank
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Published by Mohamed Konate | Updated Oct 22, 2021
SCENE Rewards
SCENE Rewards Program Review 2021: Everything you need to know about CINEPLEX Scene Points      Sticking with our transition to retail customer loyalty programs that began with our last
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Published by Mohamed Konate | Updated Oct 22, 2021
Tim Hortons Rewards
Tim Hortons Rewards Program Review 2021: Tim Rewards     We have spent some time over our last reviews looking at the customer loyalty programs of several of Canada's largest financial insti
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Published by Mohamed Konate | Updated Oct 16, 2021
EQ Bank Review 2021
EQ Bank review 2021   We've spent out last couple of reviews looking at several different credit unions across Canada. We've explored the basics of those financial institutions, explained how th
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Published by Mohamed Konate | Updated Oct 13, 2021
BMO Rewards Points Program
BMO Rewards Points review: How to get the most Out of Your BMO rewards Points   The Bank of Montreal, more commonly known as BMO, is Canada's oldest financial institution. Founded more than 200
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Published by Mohamed Konate | Updated Oct 13, 2021
WestJet Rewards
WestJet Rewards:How the WestJet Rewards Program Works   WestJet is Canada's second-largest air carrier, trailing only AirCanada in volume of passengers transported each year. WestJet began as a
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Published by Mohamed Konate | Updated Oct 16, 2021
Mogo Finance Review
Mogo Finance Review Mogo Finance Technology, a fintech company founded in Vancouver back in 2003, has been offering a wide range of financial services to Canadian customers. Over the years, they hav
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Published by Mohamed Konate | Updated Oct 13, 2021
Charge Card vs. Credit Card
Everything you need to Know about a Charge Card in 2021   In 2021, Canadians searching for new financial products will discover that they can choose two main types of cards: charge cards and cre
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Published by Mohamed Konate | Updated Oct 21, 2021
Apple Credit Card
Apple Credit Card for Canadians -Full 2021 Review    A growing number of Canadian residents are becoming Apple fans in 2021. What's truly amazing is that they are not falling in love with th
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Published by Mohamed Konate | Updated Oct 16, 2021
RBC Rewards Program
  How To Get the most of The RBC Rewards Program     The Royal Bank of Canada, also known as RBC, is Canada's largest commercial bank. RBC employs more than 85,000 people around the gl
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Published by Mohamed Konate | Updated Oct 16, 2021
KOHO Prepaid Visa Review 2021
KOHO Visa Review     You've probably seen the ads by now. The new kid on the block is poised to make for itself a great entry in the Canadian financial market, offering a whopping 1% cash
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Published by Mohamed Konate | Updated Oct 13, 2021
How to Save for a Car
How to Save Money for a car      Buying the car of your dreams in 2021 might prove to be quite a daunting task. Even if you want to purchase a used car, you'll still need quite a lot
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Published by Mohamed Konate | Updated Oct 13, 2021
Rakuten Canada Review (Previously ebates.ca)
Rakuten Canada review   Rakuten (Ebates) Canada is an online cash back shopping portal for many retailers.Today, we're going to explore the service offered by Rakuten Canada. So, keeping reading
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Published by Mohamed Konate | Updated Oct 16, 2021
Blueshore Financial review
Blueshore Financial credit union review   Here at Myratecompass’s, we strive to provide our readers with a comprehensive look into as many financial institutions as we can. This includes tradi
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Published by Mohamed Konate | Updated Oct 16, 2021
Wealthsimple review 2021: Pricing,features,pros and cons
Wealthsimple review   We've spent considerable time recently looking at banks and bank-like financial institutions, including credit unions and online-only banks. These consumer-facing instituti
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Published by Mohamed Konate | Updated Oct 22, 2021
Simplii Financial Review 2021
Simplii Financial Review:Online Only Bank     Simplii Financial Quick Overview:   Simplii Financial is an online bank that came to provide services to Canadians in the fall of 2017. Sim
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Published by Mohamed Konate | Updated Oct 16, 2021
TurboxTax Canada Review
TurboTax Canada: An In-Depth Review   The past few years have seen a significant increase in taxpayers filing their returns electronically. In 2018, over 88% of tax returns were submitted online
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Published by Mohamed Konate | Updated Oct 13, 2021
Alterna Bank review
Alterna Bank review Today, we're going to take a look at Alterna bank.Alterna Bank is a digital Canadian bank offering financial services such as savings, chequing, investments, and mortgages. 
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Published by Mohamed Konate | Updated Oct 13, 2021
Oaken Financial review
Oaken Financial review:GIC and savings account   As more and more players enter the financial services market, it becomes increasingly important for each one to set itself apart from the rest. M
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Published by Mohamed Konate | Updated Oct 13, 2021
Motusbank Review
Motusbank Review:Online bank with Mortgages, High Interest Savings Accounts and Personal Loans.   In our last review, we introduced you to a unique concept you may not have heard about before: t
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Published by Mohamed Konate | Updated Oct 13, 2021
Servus Credit Union Review
Servus Credit Union Review   So far on this site we've taken a look at a couple of Canada's leading credit unions. We've explained the basic ideas that drive these unique financial institutions,
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Published by Mohamed Konate | Updated Oct 13, 2021
Affinity Credit Union Review
Affinity Credit Union Review     We've spent a bit of time looking at credit unions in the past, but you still may be wondering exactly how they differ from a regular bank. The answer to t
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Published by Mohamed Konate | Updated Oct 13, 2021
How to make money online
  Most people used to think that being employed was the only way to make money. However, this trend had changed over the years. As we speak, you will realize that many people have appreciated th
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Published by Mohamed Konate | Updated Oct 16, 2021
Debt Consolidation Canada
The basics of debt consolidation in Canada   We hear a lot of talk about "debt" in the news today. We hear about the national debt, mortgage debt, student loan debt, auto loans, personal loans,
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Published by Mohamed Konate | Updated Oct 13, 2021
Meridian Credit Union Review
Meridian Credit Union Review   A credit union is a financial institution that is owned by its Members and is a cooperative. Credit unions operate on the principle of people helping each other. O
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Published by Mohamed Konate | Updated Oct 16, 2021
How to download your Notice of Assessment in your CRA My Account?
The notice of assessment (NOA) is an evaluation of your tax return that the Canada Revenue Agency sends you every year after you file your tax return.   Follow the 3 steps below to download a P
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Published by Mohamed Konate | Updated Oct 21, 2021
How to Access Your My Service Canada Account?
How to Access Your My Service Canada Account?   My Service Canada Account (MSCA) is a secure online portal offered by the Canadian government to enable Canadians to access their information such
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Published by Mohamed Konate | Updated Oct 16, 2021
CRA Income tax filing 2021 and payment dates-COVID 19
CRA Tax Filing Deadline 2021 There are penalties for failing to file your taxes in a timely manner in Canada, which is why it is vital to know exactly when your taxes are due this year. Not only will
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Published by Mohamed Konate | Updated Oct 21, 2021
CPP Payment Dates
CPP Payment Dates and Guide If you landed on this page, you may have searched on Google for CPP Payment dates. We've saved the time and outlined the important dates you should know. The Canada P
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Published by Mohamed Konate | Updated Oct 21, 2021
How To Maximize Your PC Optimum Points in 2021
PC Optimum Program Overview  Wouldn’t it be great if you could earn and save on everyday purchases such as groceries and toiletries? Fortunately, you can with the PC Optimum program! As a PC
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Published by Mohamed Konate | Updated Oct 13, 2021
Aeroplan Rewards
Aeroplan Rewards Program Overview   Canadians are lucky to have a plethora of loyalty programs available to them. One of the most iconic travel-based programs available is Aeroplan. Members of t
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Published by Mohamed Konate | Updated Oct 16, 2021
Minimum Wage in Canada by Province
The minimum wage was first introduced in British Columbia and Manitoba in 1918 to protect children, women, and non-unionized workers with the other Canadian provinces and territories soon following
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Published by Mohamed Konate | Updated Oct 22, 2021
How to Register for CRA My Account
How to set up your CRA My Account   CRA My Account is a secure portal from Canada Revenue Agency that lets you view your personal income tax and benefit information and manage your tax affairs on
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Published by Mohamed Konate | Updated Oct 16, 2021
Tax Brackets Canada 2021
Tax Brackets Canada 2021:Everything you need to know Tax Bracket Overview It is important to understand the tax bracket system in Canada otherwise you may be slapped with more taxes during tax seaso
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Published by Mohamed Konate | Updated Oct 22, 2021
GST Payment Dates
If you landed on this page, you may have searched on Google for GST Payment dates. My Rate Compass will save you time as we’ve outlined the importants dates you should know.” GST Payment Dates: GS
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Published by Mohamed Konate | Updated Oct 16, 2021
PC Financial Mastercard Reviews and Comparison
3 PC Financial Mastercards Reviewed: All you need to know President’s Choice Financial Mastercard Review The President's Choice Financial MasterCard is a basic no-fee credit card that is ideal for
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Published by Mohamed Konate | Updated Oct 16, 2021
Air Miles Points Guide
In Canada, there are various travel loyalty programs, one of which is the Air Miles program. Perhaps you’re an existing Air Miles member and want to learn more, or maybe you’re entirely new to the
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Published by Mohamed Konate | Updated Oct 13, 2021
Canadian Bank Institution Numbers
Canadian Bank Institution Numbers  Below is the list of institution number of the largest financial institutions in Canada.The institution number is a unique 3-digit code use to identify each f
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Published by Mohamed Konate | Updated Oct 13, 2021
Expedia for TD
Expedia for TD: What You Need to Know   When TD introduced the Expedia for TD program, travel enthusiasts across Canada couldn’t believe the amazing deals they were accessing! Today, Expedia f
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Published by Mohamed Konate | Updated Oct 13, 2021
Mortgage Brokers vs Banks
What is the Difference Between a Bank Mortgage Representative and a Mortgage Broker?   Is 2020 the year you purchase a home? If so, you might feel a little overwhelmed by all of the working part
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Published by Mohamed Konate | Updated Oct 16, 2021
Canadian Retirement Savings Plans: RSP versus RRSP
  Chances are you don’t want to work for the rest of your life, who does? Planning for retirement involves saving money to support your retirement which can be done through various saving plan
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Published by Mohamed Konate | Updated Oct 13, 2021
Prime Rate
Prime Rate Canada   A prime rate is the annual interest rate that the majority of Canadian banks and other financial institutions utilize to set interest rates for financial products. Prime rate
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Published by Mohamed Konate | Updated Oct 16, 2021
Back-to-school shopping on a budget
6 Tips To Save On Back To School Shopping Back-to-school shopping is the second biggest retail event of the year. The only time Canadians spend more is during the winter holiday season. The difference
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Published by Mohamed Konate | Updated Oct 13, 2021
How to keep your summer spending in check
Summer’s here and it’s time to celebrate in the sun. Money experts love to talk about how expensive the winter holiday season is, but fail to warn families how pricey the summer holidays can be to
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Published by Mohamed Konate | Updated Oct 13, 2021
How to Manage Your Finances
We all want to get better with money. We want to have enough money for emergencies and invest in retirement instead of struggling to  make ends meet and pay off our debt at the end of the month.
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Published by Mohamed Konate | Updated Oct 16, 2021
Fraud Prevention Guide
Practical Ways to Avoid Credit Card Fraud and Identity Theft Fraud affects consumers both online and off. It has been estimated that Canadians lost over $290 million through fraud from 2014 to 2016. B
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