Personal Finance

Published by Mohamed Konate | Updated Feb 26, 2024

Reading Time: 5 Min Many of us dream of achieving financial success and building wealth but have no idea where to start. Enter the 3 P’s of wealth – a simple yet powerful framework to direct your actions to build and sustain wealth. The 3 P’s stand for property, portfolio and passive income. In this article, we explore each… Continue reading

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Published by Mohamed Konate | Updated Feb 26, 2024

How To Start Budgeting - A Beginner’s Guide

Reading Time: 5 Min Budgeting is a powerful tool to help you take control of your finances and make smarter decisions with your money. It allows you to allocate your money to specific categories, goals, and savings, and if used correctly, a budget can help you achieve long-term financial stability. This article will walk you through the steps to… Continue reading

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Published by Mohamed Konate | Updated Jan 16, 2024

Best Credit Cards for Emergencies in 2024

Reading Time: 4 Min 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 cards offer the best terms for your situation. While credit cards aren’t always the best option for financial emergencies, in some cases… Continue reading

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Published by Mohamed Konate | Updated Jan 16, 2024

President’s Choice Financial Mastercard Review 2024

Reading Time: < 1 minute The President’s Choice Financial MasterCard: 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 families and individuals who frequent stores where President’s Choice products are sold, including Joe Fresh, Loblaws, Real Canadian Superstore, and more. Annual Fee: $0 Additional… Continue reading

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Published by Mohamed Konate | Updated Jan 16, 2024

PC MasterCard Canada Reviews 2024

Reading Time: 3 Min PC MasterCard Canada: 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 families and individuals who frequent stores where President’s Choice products are sold, including Joe Fresh, Loblaws, Real Canadian Superstore, and more. Annual Fee: $0 Additional Card Fee:… Continue reading

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Published by Mohamed Konate | Updated Jan 16, 2024

Amazon Prime Canada Review 2024

Reading Time: 6 Min 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, and access to a free digital library. Amazon Prime was launched in America in 2005 but was not available to the Canadian Market until seven years later… Continue reading

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Published by Mohamed Konate | Updated Jan 11, 2024

What Is The Average Savings Of A Canadian By Age

Reading Time: 6 Min The average savings by age in Canada helps determine how much people need to save at their current age. Although it should be the best approach toward financial stability, it is not the ultimate way to create savings in the long run.

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Published by Mohamed Konate | Updated Jan 03, 2024

CPP Payment Dates

Reading Time: 6 Min 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 Pension Plan, abbreviated as CPP, is a social insurance program offered to Canadians by the federal government. So long as… Continue reading

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Published by Mohamed Konate | Updated Jan 02, 2024

How To Close A Bank Account In Canada: A Step-By-Step Guide.

Reading Time: 4 Min Closing a bank account in Canada can seem like a daunting process, especially if you’ve never done it before. Luckily, the process is relatively straightforward. This guide covers everything you need to know about closing a bank account in Canada, including what to do with remaining funds and how to prepare for the process. Reasons… Continue reading

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Published by Mohamed Konate | Updated Jan 02, 2024

From Zero To Hero: A Step-By-Step Guide On How To Make Money On Fiverr

Reading Time: 6 Min Admit it, who hasn’t dreamt about using their skills to make money from the comfort of home? For many, freelancing is an excellent way to utilize their skills online to earn a profit from home, and Fiverr is one of the most well-known freelancing platforms available today. In this guide, we show you how to… Continue reading

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Published by Mohamed Konate | Updated Dec 30, 2023

The Best Budgeting Apps and Personal Finance Apps 2024

Reading Time: 5 Min 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 managing your finances in excel, or worse, with a pen and paper, it might be time to consider another solution. Not only will… Continue reading

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Published by Mohamed Konate | Updated Jan 16, 2024

PC Financial Credit Card

Reading Time: 3 Min PC Financial Credit Cards: 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 families and individuals who frequent stores where President’s Choice products are sold, including Joe Fresh, Loblaws, Real Canadian Superstore, and more. Annual Fee: $0 Additional Card… Continue reading

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Published by Mohamed Konate | Updated Dec 30, 2023

OAS Payment Dates 2024: What You Need To Know

Reading Time: 4 Min OAS Payment Dates 2024 Many Canadians struggle with finances, whether it’s debt, budgeting, or taxes. As a senior citizen, you have more financial challenges to consider as you approach retirement. Some financial challenges for seniors include paying off debt, reverse mortgages, confusing bank fees, identity theft, healthcare costs, living with lower income and more.… Continue reading

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Published by Mohamed Konate | Updated Dec 30, 2023

EI Payment Dates in Canada 2024

Reading Time: 5 Min Are you a Canadian resident who has recently lost their job? If so, you may be eligible for Employment Insurance (EI) benefits. Understanding the payment dates and how much you can expect to receive is crucial for effective financial planning. In this comprehensive guide, we will walk you through all the essential details regarding… Continue reading

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Published by Mohamed Konate | Updated Dec 30, 2023

GST Payment Dates 2024

Reading Time: 2 Min If you landed on this page, you may have searched on Google for GST Payment dates 2024. My Rate Compass will save you time as we’ve outlined the important dates you should know.” GST Payment Dates 2024: GST/HST Credit Overview What is the goods and services tax/harmonized sales tax (GST/HST) credit? The goods and services… Continue reading

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Published by Mohamed Konate | Updated Jan 03, 2024

How Many Scene+ Points Do I Need To Get A Free Movie?

Reading Time: 6 Min Key Takeaways The Scene+ program combines Cineplex’s SCENE Program with Scotiabank’s Scotia Rewards, giving members a flexible rewards system. You can deduct $1 from the total cost using 100 Scene+ points. You need at least 1300 Scene+ points for standard 2D adult movie tickets. There are numerous ways to earn Scene+ points, such as booking… Continue reading

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Published by Mohamed Konate | Updated Dec 17, 2023

From Learner To Driver: An Introduction To Mastering The G1 License In Ontario

Reading Time: 5 Min The first step to being able to legally drive a car in Ontario is to get a G1 license. The G1 license helps brand-new drivers gain the experience and skills needed to drive a motor vehicle safely and is the first step in becoming fully licensed. This article provides a comprehensive look at the… Continue reading

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Published by Mohamed Konate | Updated Dec 30, 2023

How Do I Find My CRA Business Number?

Reading Time: < 1 minute How Do I Find My CRA Business Number? You can find your CRA business number by logging into Business Registration Online (BRO), calling 1 (800) 959 – 5525 or by submitting a RC1 form. If you haven’t registered a business number yet, call or create a BRO account. Other CRA Account FAQs Can CRA Take… Continue reading

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Published by Mohamed Konate | Updated Dec 05, 2023

Costco Membership

Reading Time: 8 Min 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. Deciding if a Costco membership is right for you depends on a few factors. Whether or not a location is near you… Continue reading

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Published by Mohamed Konate | Updated Dec 05, 2023

Triangle Rewards Program Overview 2023

Reading Time: 4 Min Canadian Tire Triangle Rewards Program In 2015, Canadian Tire launched the Triangle Rewards program. In addition to this program, there is the Canadian Tire Money rewards program which has been active since 1922. Many Canadians are familiar with this incentive because it features literal money tender. Physical Canadian Tire Money features a fictitious character named… Continue reading

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Published by Mohamed Konate | Updated Jan 03, 2024

SCENE Rewards Program Review 2024: Everything you need to know

Reading Time: 7 Min SCENE Rewards Program Sticking with our transition to retail customer loyalty programs that began with our last review of Tim Hortons’ Tims Rewards program, today we’re going to explore the widely popular SCENE Rewards program offered by Cineplex in partnership with Scotiabank. For frequent movie-goers, it’s hard to beat the value offered by this customer… Continue reading

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Published by Mohamed Konate | Updated Dec 03, 2023

The Aeroplan Points Guide

Reading Time: 9 Min The Aeroplan Points Guide Are you a collector of Aeroplan Points/miles?If you landed on this page you are either a collector or interested in earning Aeroplan Points /miles. In Canada, there are various programs that allow you to earn and redeem points for travel, experiences and merchandise. Aeroplan is among these programs and is one… Continue reading

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Published by Mohamed Konate | Updated Dec 05, 2023

PC Optimum Program: How To Maximize Your PC Optimum Points in 2023

Reading Time: 8 Min 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 Optimum loyalty member, you can earn on everyday purchases with PC partner merchants, such as Loblaws, Shoppers Drug Mart, Joe Fresh and… Continue reading

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Published by Mohamed Konate | Updated Dec 03, 2023

Affinity Credit Union Review

Reading Time: 8 Min 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 that question, at least from the everyday consumer’s standpoint, is “not much.” There are, however, a couple of key… Continue reading

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Published by Mohamed Konate | Updated Dec 03, 2023

Servus Credit Union Review

Reading Time: 7 Min 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, how they function, and the services they offer. If you’re a returning reader, you may remember how we compared and contrasted credit… Continue reading

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Published by Mohamed Konate | Updated Dec 03, 2023

Capital Gains Tax Canada Explained

Reading Time: 2 Min 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 earn a capital gain it’s wonderful! However, the downside is you’re required to pay taxes on capital gains. You… Continue reading

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Published by Mohamed Konate | Updated Dec 03, 2023

Registered Education Savings Plans (RESPs) Guide

Reading Time: 5 Min What You Need to Know About RESPs A Registered Education Savings Plan, RESP for short, is a registered account with the Canadian government that is designed to help parents save for their child’s future post-secondary education. As you’re probably aware, post-secondary education isn’t exactly the cheapest and the sooner you start investing, the better… Continue reading

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Published by Mohamed Konate | Updated Dec 03, 2023

Scotia Rewards Points Program

Reading Time: 9 Min 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 banks and instead honed in on credit card loyalty programs designed to reward customers for using their bank-issued credit cards to make purchases on all… Continue reading

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Published by Mohamed Konate | Updated Dec 03, 2023

TD Rewards Points Review 2023

Reading Time: 7 Min 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 comprehensive loyalty program to their customers, specifically their credit card users. Loyalty program members get the most bang for their buck when they use their… Continue reading

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Published by Mohamed Konate | Updated Dec 03, 2023

Tim Hortons Rewards

Reading Time: 7 Min Tim Hortons Rewards Program Review 2022: Tim Rewards We have spent some time over our last reviews looking at the customer loyalty programs of several of Canada’s largest financial institutions. Structured in the form of credit card rewards programs, the bank loyalty programs that we’ve seen reward customers for using their bank credit… Continue reading

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Published by Mohamed Konate | Updated Dec 02, 2023

BMO Rewards Points Program Guide 2023

Reading Time: 9 Min 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 years ago, BMO started out as a primarily commercial lenders intended to help business customers do business in and around Montreal.… Continue reading

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Published by Mohamed Konate | Updated Nov 24, 2023

Smart Shopping: Proven Ways to Save Big on Holiday Spending

Reading Time: 5 Min The festive period brings cheer and festivity, yet it can strain your wallet with the cost of presents and social gatherings piling up. However, there are ways to save money and stay within your budget while still enjoying the holiday season, we’ll provide effective advice on economical holiday spending in this guide. 1. Plan… Continue reading

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Published by Mohamed Konate | Updated Nov 22, 2023

Understanding Canada's Minimum Wage Structure

Reading Time: 3 Min Grasping the concept of minimum wages in Canada is complex due to the different rates found throughout its provinces and territories. Let’s thoroughly explore the intricate details of minimum wages within the nation. Federal Minimum Wage in Canada Starting April 1, 2023, Canada introduced a nationwide minimum wage of $16.65 an hour, previously determined… Continue reading

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Published by Mohamed Konate | Updated Dec 05, 2023

How to Write a Cheque in Canada : 7 Steps You Need To Know

Reading Time: 7 Min 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 payment method has appeared in nearly all cultures, but the specifics vary from community to community. With that said, nearly every society… Continue reading

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Published by Mohamed Konate | Updated Nov 20, 2023

Paramount Plus Canada Review 2023: Everything you need to know

Reading Time: 6 Min Looking for a streaming service packed with tons of shows, movies, and even live TV? Look no further than Paramount Plus Canada! If you’re hunting for a spot that’s packed with kid-friendly shows, unique original series, and live sports action all in one place – Paramount Plus has got you covered. We’re going to unpack… Continue reading

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Published by Mohamed Konate | Updated Nov 24, 2023

Budget Travel Made Easy: Tips for Scoring Cheap Hotels

Reading Time: 4 Min Traveling on a budget does not mean that you have to compromise on comfort and convenience. With proper planning and smart strategies, you can find affordable yet quality accommodation, even in the most desirable destinations. The Importance of Finding Cheap Hotels The cost of accommodation often takes up a significant part of a… Continue reading

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Published by Mohamed Konate | Updated Nov 20, 2023

Bank Draft and Money Order: What’s The Difference

Reading Time: 5 Min Are you trying to figure out the difference between bank draft and money order? Do you want to know which one is right for your particular situation? Well, you have come to the right place. In this article, we will take a look at bank drafts and money orders – their similarities, differences and when it’s… Continue reading

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Published by Mohamed Konate | Updated Dec 05, 2023

Costco Return Policy: What you need to know

Reading Time: 4 Min Costco return policy Costco’s return policy is one of the most generous in the retail industry. It allows customers to return almost any item purchased from Costco within 90 days for a full refund, with some exceptions noted below. Whether you need to return an item due to dissatisfaction or because it was… Continue reading

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Published by Mohamed Konate | Updated Jan 12, 2024

How does a money order work in Canada?

Reading Time: 4 Min A money order in Canada is a financial document that enables the bearer to receive a specified amount of money from a payer. It is very similar to a cheque, but unlike a cheque, a money order does not require a bank account. Money orders are often used when sending or receiving payments by people… Continue reading

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Published by Mohamed Konate | Updated Jan 12, 2024

How Many Loonies Are in a Roll in Canada?

Reading Time: 3 Min For those who are not Canadians and don’t know, a loonie is a Canadian one dollar coin. They’re called loonies because there’s a loon (a type of bird) on one side of the coin. So how many loonies are in a roll in Canada? How many loonies are in a roll in Canada –… Continue reading

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Published by Mohamed Konate | Updated Jan 12, 2024

How Many Quarters Are in a Roll in Canada?

Reading Time: 3 Min How Many Quarters Are in a Roll in Canada? Have you ever wondered how many quarters are in a roll in Canada? Well, wonder no more! We did a little research and found out that there are 40 quarters in a roll in Canada. So next time you’re at the store and need to… Continue reading

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Published by Mohamed Konate | Updated Jan 12, 2024

How Many Toonies are in a Roll in Canada?

Reading Time: 3 Min How Many Toonies are in a Roll in Canada? We all know that toonies are Canada’s two-dollar coins, but did you know that there are actually 40 toonies in a roll? That means that if you have a full roll of toonies, you’re carrying around $80 worth of Canadian currency! So the next time… Continue reading

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Published by Mohamed Konate | Updated Jan 12, 2024

How to Get More Money Back from your Tax Return

Reading Time: 3 Min Are you looking for ways to get more money back from your tax return? If so, you’re in luck! There are a few simple things you can do to ensure that you get the most possible money back from your taxes. Keep reading to learn more. Know what deductions you can take before filing… Continue reading

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Published by Mohamed Konate | Updated Nov 24, 2023

Is the costco executive membership worth it?

Reading Time: 3 Min Have you ever wondered if the Costco Executive Membership is worth it? We did some research to find out. Here’s what we found out: The Costco Executive Membership comes with a 2% annual reward (up to $1,000) on qualifying purchases, exclusive coupons, and access to special merchandise. Plus, you’ll get free technical support for… Continue reading

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Published by Mohamed Konate | Updated Jan 12, 2024

Statutory Holidays in Canada 2023

Reading Time: 4 Min Do you know which statutory holidays are coming up in Canada in 2023? If you’re planning a trip or just want to know when you can next enjoy a long weekend, read on to find out! We’ll also tell you a bit about the history of each holiday and why it’s celebrated. So whether… Continue reading

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Published by Mohamed Konate | Updated Jan 12, 2024

What are the leading causes of death in Canada?

Reading Time: 4 Min In Canada, heart disease is like a silent stalker claiming around 30% of lives – an alarming statistic compared to other developed countries; thus spotlighting the urgency for prevention tactics such as regular workouts and nutritious diets that are sadly overlooked due to lifestyle habits or cultural practices boosting heart disease susceptibility. So it’s clear:… Continue reading

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Published by Mohamed Konate | Updated Nov 20, 2023

What is a Bank Transit Number?

Reading Time: 2 Min A bank transit number is a five-digit code which identifies the financial institution in Canada where you have opened your bank account. It is used to process payments, deposits and other transactions. It’s important to understand what a bank transit number is and how it is used by financial institutions. How Does it… Continue reading

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Published by Mohamed Konate | Updated Jan 12, 2024

What is a Routing Number in Canada?

Reading Time: 2 Min If you’ve ever wondered what a routing number is and why it’s used in Canada, you’re not alone. In this blog post, we’ll explore everything you need to know about routing numbers in Canada, from what they are to how they’re used. We’ll also discuss some of the most common questions people have about routing… Continue reading

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Published by Mohamed Konate | Updated Nov 20, 2023

What Is a T4 Slip in Canada? What you need to know

Reading Time: 3 Min In Canada, a T4 slip is an official document that your employer completes and sends to the Canada Revenue Agency (CRA) at the end of each year. The T4 summarizes the total amount of money you earned from your job during the year, as well as any deductions that were made from your paycheque.… Continue reading

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Published by Mohamed Konate | Updated Jan 12, 2024

What is best way to exchange currency before a trip?

Reading Time: 3 Min Are you planning a trip abroad and wondering what the best way to exchange currency is? We’ll discuss in this blog post some of the different options for exchanging currency. Research the currency of your destination country and find out what it is worth in relation to your own currency When it comes… Continue reading

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Published by Mohamed Konate | Updated Nov 20, 2023

A Detailed Review Of The Wealthsimple Tax

Reading Time: 6 Min What is Wealthsimple Tax? Does it make tax filing easier? Can everyone use this tax return software? What are the benefits? Is there any downside? There might be so many questions in your mind about Wealthsimple Tax, and you need answers. We will provide those so you can file your taxes with confidence.

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Published by Mohamed Konate | Updated Nov 20, 2023

Senior Discounts in Canada

Reading Time: 4 Min 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 retailers that offer a discount for seniors. The age cutoff for senior discounts is often around 65 years of age… Continue reading

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Published by Mohamed Konate | Updated Nov 20, 2023

Canada Recovery Benefit

Reading Time: 4 Min 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. Although these are the hardest hit industries, many companies have been affected by lockdowns and other effects of the pandemic indirectly. Hours and… Continue reading

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Published by Mohamed Konate | Updated Nov 24, 2023

VISA vs Mastercard: What’s the Difference?

Reading Time: 4 Min 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 credit cards are VISA and Mastercard. But, what is the difference between them? To start, both VISA and Mastercard are not actual credit cards or… Continue reading

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Published by Mohamed Konate | Updated Nov 24, 2023

6 Steps to Take to Improve Your Credit Score

Reading Time: 4 Min 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. Really anything to do with money and payments can be influenced by your credit score. This is why so many people try to… Continue reading

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Published by Mohamed Konate | Updated Nov 24, 2023

Refresh Financial Review 2023

Reading Time: 3 Min Refresh Financial 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 upfront, and instead are designed to discourage building debt by securing savings you can use conveniently like credit without the worry. When you make payments into… Continue reading

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Published by Mohamed Konate | Updated Nov 20, 2023

MoneyGram Review:Everything You Need To Know

Reading Time: 4 Min MoneyGram Review 2022 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 service for bank transfers. Here we look at the services they offer, how it works and whether it is a suitable service for… Continue reading

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Published by Mohamed Konate | Updated Nov 24, 2023

The Importance of an Emergency Fund

Reading Time: 4 Min 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 will likely impact your finances. For example, losing your job or an unforeseen sickness. An emergency fund… Continue reading

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Published by Mohamed Konate | Updated Nov 24, 2023

Fairstone Loans Review 2023

Reading Time: 5 Min 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 offer higher interest rates than banks, but lower than payday lenders. With over 240 branches and a wide range of retail and auto partners, Fairstone… Continue reading

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Published by Mohamed Konate | Updated Nov 24, 2023

How to Cancel a Credit Card

Reading Time: 4 Min 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 credit, you can still access a secured credit card. Most credit cards have higher than average interest rates, normally… Continue reading

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Published by Mohamed Konate | Updated Nov 24, 2023

What is the Difference Between a Store Card and a Credit Card?

Reading Time: 3 Min 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 credit card and the cashier suggests applying for a store card? While you might think this is the… Continue reading

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Published by Mohamed Konate | Updated Nov 24, 2023

Best Personal Finance Books of 2023

Reading Time: 6 Min 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 heavily sought after. For one, the economic playing field has changed drastically over the last 100 years. It is also more onerous on… Continue reading

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Published by Mohamed Konate | Updated Nov 20, 2023

Student Loans Guide Canada 2023

Reading Time: 6 Min 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 come into play. A college degree is one of the most expensive things you will ever purchase, and it can… Continue reading

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Published by Mohamed Konate | Updated Nov 20, 2023

H&R Block Canada Review 2023

Reading Time: 7 Min 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, those who own a business are required to pay taxes on employee wages and submit payroll information to the Canada Revenue Agency (CRA)… Continue reading

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Published by Mohamed Konate | Updated Nov 24, 2023

ICICI Bank Canada Review: Everything you need to know

Reading Time: 6 Min 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, the USA, Hong Kong, Dubai, and more. ICICI Bank Canada is the subsidiary that operates within Canada and was launched in 2003.… Continue reading

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Published by Mohamed Konate | Updated Nov 24, 2023

TD Expedia Travel

Reading Time: 4 Min 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 for TD is known to be one of the greatest travel based credit card programs in Canada. Whether you’re already a part of Expedia… Continue reading

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Published by Mohamed Konate | Updated Nov 20, 2023

TD Rewards Expedia

Reading Time: 2 Min 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 for TD is known to be one of the greatest travel based credit card programs in Canada. Whether you’re already a part of Expedia… Continue reading

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Published by Mohamed Konate | Updated Nov 20, 2023

Does Expedia for TD Price Match?

Reading Time: 2 Min 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 for TD is known to be one of the greatest travel based credit card programs in Canada. Whether you’re already a part of Expedia… Continue reading

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Published by Mohamed Konate | Updated Nov 20, 2023

How does Expedia for TD work?

Reading Time: < 1 minute 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 for TD is known to be one of the greatest travel based credit card programs in Canada. Whether you’re already a part of Expedia for TD… Continue reading

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Published by Mohamed Konate | Updated Dec 03, 2023

GICs Explained

Reading Time: 6 Min 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 to open, but once your money is locked in, you might not be able to access the funds until the end of the GICs term.… Continue reading

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Published by Mohamed Konate | Updated Dec 02, 2023

CIBC Rewards Program Review 2023: What you need to know

Reading Time: 10 Min The Canadian Imperial Bank of Commerce is the result of a 1961 merger between the Canadian Bank of Commerce and the Imperial Bank of Canada. The Canadian Bank of Commerce traces its roots all the way back to 1867, founded to compete against the Bank of Montreal. The Imperial Bank of Canada’s history, likewise,… Continue reading

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Published by Mohamed Konate | Updated Dec 20, 2023

EQ Bank Review 2023

Reading Time: 6 Min EQ Bank Review 2023: What you need to know 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 they resemble and how they differ from traditional banks, and the services they offer. But today we’re going to shift… Continue reading

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Published by Mohamed Konate | Updated Dec 20, 2023

WestJet Rewards

Reading Time: 8 Min 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 budget alternative to the major air carriers in 1996, providing service to just a few destinations in Western Canada (hence the name WestJet), but it quickly expanded… Continue reading

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Published by Mohamed Konate | Updated Dec 20, 2023

Mogo Finance Review

Reading Time: 6 Min 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 have helped millions of Canadian customers to gain access to the best identity fraud protection services, personal loans, mortgages, and even Prepaid VISA cards.… Continue reading

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Published by Mohamed Konate | Updated Dec 20, 2023

Charge Card vs. Credit Card

Reading Time: 4 Min Everything you need to Know about a Charge Card in 2024 In 2024, Canadians searching for new financial products will discover that they can choose two main types of cards: charge cards and credit cards. Both charge and credit cards allow users to gain instant access to money, compared to debit cards, such as the… Continue reading

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Published by Mohamed Konate | Updated Dec 20, 2023

KOHO Prepaid Visa Review 2023

Reading Time: 6 Min 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% cashback on all purchases. This new player has a new mission in mind, which is to enable all Canadians… Continue reading

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Published by Mohamed Konate | Updated Dec 20, 2023

Rakuten Canada Review (Previously ebates.ca)

Reading Time: 6 Min 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 to learn all about how this service works, why it exists, and whether it’s a good idea to use it. What is Rakuten? Rakuten is… Continue reading

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Published by Mohamed Konate | Updated Dec 20, 2023

Blueshore Financial review

Reading Time: 7 Min 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 traditional banks, credit unions, and investment firms, as well as their modern, online-only counterparts. We’ve looked at several online-only institutions recently, so today we’re stepping out… Continue reading

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Published by Mohamed Konate | Updated Dec 20, 2023

Wealthsimple review 2023: Pricing,features,pros and cons

Reading Time: 7 Min 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 institutions are designed primarily to give customers a place to store their money in a place that is safer and more convenient than simply stashing it under the mattress. Credit unions and… Continue reading

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Published by Mohamed Konate | Updated Nov 24, 2023

TurboxTax Canada Review 2023

Reading Time: 6 Min 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, mostly using the EFILE and NETFILE methods. TurboTax Canada is currently one of the most preferred online tax software in Canada – for good… Continue reading

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Published by Mohamed Konate | Updated Nov 20, 2023

How to make money online

Reading Time: 4 Min 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 the concept of working online and generating an income. Nowadays, it has become the new norm. All you need to… Continue reading

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Published by Mohamed Konate | Updated Nov 24, 2023

Debt Consolidation Canada

Reading Time: 6 Min 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, financing agreements, and myriad other forms of debt. And the unique and creative ways that companies develop to keep consumers… Continue reading

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Published by Mohamed Konate | Updated Nov 20, 2023

CRA Income tax filing 2023 and payment dates

Reading Time: 5 Min CRA Tax Filing Deadline 2023 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 you face federal and provincial penalties if you file later, but interest charges will accrue on… Continue reading

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Published by Mohamed Konate | Updated Nov 20, 2023

Minimum Wage in Canada by Province

Reading Time: 8 Min 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 suit. By 1920 the minimum wage was in place across Canada. (with the exception of Prince Edward Island which held out until 1960) Its intention was… Continue reading

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Published by Mohamed Konate | Updated Nov 24, 2023

Tax Brackets Canada 2023: Federal and Provincial

Reading Time: 6 Min Tax Brackets Canada 2023: 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 season than you are prepared to pay. Canada has a progressive tax system which essentially means that you are taxed proportionately based… Continue reading

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Published by Mohamed Konate | Updated Nov 24, 2023

Air Miles Points Guide 2023: What you need to know

Reading Time: 9 Min 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 program. Regardless, you can learn all about the Air Miles program in this guide, such as the different types of… Continue reading

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Published by Mohamed Konate | Updated Nov 24, 2023

Canadian Bank Institution Numbers

Reading Time: 3 Min 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 financial institution. Canadian Bank Institution Numbers of the major banks (BMO) Bank of Montreal: 001 (Scotiabank)The Bank of Nova Scotia:002 (RBC) Royal Bank of Canada: 003… Continue reading

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Published by Mohamed Konate | Updated Nov 24, 2023

Expedia for TD

Reading Time: 8 Min 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 for TD is known to be one of the greatest travel based credit card programs in Canada. Whether you’re already a part of Expedia… Continue reading

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Published by Mohamed Konate | Updated Nov 24, 2023

Mortgage Brokers vs Banks

Reading Time: 4 Min 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 parts of the process – one of which is choosing who to work with to obtain your mortgage. Two common… Continue reading

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Published by Mohamed Konate | Updated Nov 24, 2023

Canadian Retirement Savings Plans: RSP versus RRSP

Reading Time: 3 Min 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 plans. In Canada, there are two common terms for these savings plans: Retirement Savings Plan, or RSP for short, and Registered… Continue reading

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Published by Mohamed Konate | Updated Nov 20, 2023

Back-to-school shopping on a budget

Reading Time: 3 Min 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 between the two busy shopping times are, when you shop for Christmas it’s for a number of different people and most… Continue reading

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Published by Mohamed Konate | Updated Nov 20, 2023

How to keep your summer spending in check

Reading Time: 2 Min 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 too. Unlike the Christmas holidays, that last only a few days, the summer holiday is a two month long event.… Continue reading

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