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Does RRIF Income Affect GIS?
Yes, RRIF income affects your GIS benefits because RRIF withdrawals count as taxable income. The more you withdraw from your RRIF, the less you'll receive from the GIS, since GIS benefits decrease as your taxable income increases. To minimize this impact, consider...
3 FREE CANADIAN FINANCE LECTURES
In a world where you can trust things to a lesser and lesser extent with AI overtaking humans in so many areas simultaneously, it's really reassuring to look at videos. While AI can write almost as well as humans, it cannot (YET) produce the human touch that you feel...
Keep Your Rates, Change Your Address: The Benefits of Porting Your Mortgage
Mortgage portability is a handy feature you might not even know you have! It's the ability to transfer your current mortgage—with its existing rate and terms—from your old home to your new abode. Think of it as packing up not just your belongings but your loan as well...
Pros and Cons of Robo-Advisors: Everything You Need to Know
In recent years, robo-advisors have significantly evolved, becoming a cornerstone of the fintech revolution. Today's robo-advisors are not just digital; they are increasingly intelligent, leveraging advanced artificial intelligence (AI) and machine learning to offer...
Can Your Trust Robo Advisors With Your Pension?
Unless you have a very high level of confidence in your money-management skills, chances are that you are using the services of some type of professional money manager for your retirement and pension accounts. While online brokerage accounts, mutual fund operators...
Joint Tenants Vs Tenants In Common: Understanding Ownership Rights and Implications
Homeownership involves various methods of possession, two of which include joint tenancy and tenancy in common. These options dictate what will happen to a property upon the owner's death and the extent of ownership each holder has. Overview of joint tenants vs...
What is a Fee-Only Financial Advisor (and are there any in Canada)
Many Canadians are seeking for financial advice. While many young Canadians, including many of our readers, make their own financial research and use investment apps or approach more "modern" solutions such as robo advisors, there are still many financial advisory...
Can International Students Get a Credit Card in Canada?
According to a recent study, around 900,000 international students will choose Canada in 2023 for their higher education, making it one of the most popular study destinations globally. While the academic experience is enriching, the financial landscape can be a maze,...
Can The CRA Look At Your Bank Account?
When it comes to your bank account, privacy and security are of utmost importance. You may be wondering if the Canada Revenue Agency (CRA) has the authority to access your bank account. Let's dive into this topic and provide an overview of the CRA's powers in relation...
10 Highest Paying Part Time Jobs for Students in Canada in 2023
Are you a student in Canada seeking to boost your income while continuing your education? Explore our article that reveals the top 10 highest-paying part-time jobs for students in 2023. Whether you're interested in supporting educators as a Teacher Assistant, serving...
Are Heat Pumps Worth It In Canada?
If you're living in Canada, you're most likely accustomed to weather extremes. Winters can be harsh and long, while summers can be humid and hot. As a result, HVAC systems have grown in popularity, and many homeowners have been seeking out alternative heating and...
What is the Cheapest Way to Move Across Canada?
So, you're moving across Canada, eh? Well, buckle up because we're about to embark on a wild ride through the world of budget-friendly relocations. We'll explore the vast wilderness of moving costs, navigate the tricky terrain of DIY moves, and even dive into the...
Best Investment Apps In Canada
We are no longer in a world that requires too much paperwork, broker appointments, and more for a single investment. Today, thanks to investment apps, you can make investments with a click of a button. These apps offer various options and features that help investors...
Are Betterhelp & Talkspace Available In Canada? Best Online Therapy Services for Canadians 2024
Whether you're studying at the university or just starting life as a young adult, chances are you have been feeling anxious and stressed at one point or another. This is especially true with so many people having to care for their loved ones and themselves, stay away...
What Is A Civic Number?
Each residential and commercial property in Canada is given a unique number called a "civic number" by the local municipality. This number is used to identify the property and facilitate emergency services. The civic number, street name, and postal code make up a...
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– MyUniversityMoney staff