Personal Finance
Personal Finance 0

Gas prices too high? What to know about electric cars

Posted on 13 August 2019

(NC) With gas prices continuing to climb, more families are considering making the switch to an electric vehicle (EV).  There are a variety of makes and models to choose from and lots of fueling stations popping up across the country, making these eco-friendly vehicles are now more accessible than ever.  Here are some things parenti ...

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Shopping with a clear conscience

Posted on 13 August 2019

(NC) As we become more aware of the impacts of our actions and purchasing decisions on the world around us, the move towards conscious consumption is a trend that shows no signs of slowing down. If you want to make sure the items you buy won’t do more harm than good, here are some savvy consumer tips on from an expert in responsible shopping: Longevity. Start by see ...

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Increase your home’s value by investing in your basement

Posted on 13 August 2019

(NC) When it comes to return on investment, a basement reno is one of the smartest home improvements you can make. Whether you’re planning on selling or want to enjoy the space with your family, here are some tips to take your basement from lacklustre to lavish. Upgrade your flooring. Is your basement always cold? Do you have trouble with mould and moisture? Tackle th ...

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6 reasons your home insurance could be cancelled

Posted on 13 August 2019

(NC) Whether you’re renting or own your home, insurance is essential for protecting your belongings against many dangers. But if your insurance is cancelled, you’re not protected. Your insurance coverage can be cancelled by you or the insurance company. If the insurance company cancels, you will have to report that to every insurance company you contact afterwards. That means you ...

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Are rent-to-own plans right for you?

Posted on 18 June 2019

(NC) The warmer weather is here, which might mean it’s time to refresh your home with a new outdoor sofa or an air conditioner. Or it might mean shopping for a new car. You may be considering different payment plans, one of which is rent-to-own. What is a rent-to-own plan? One route some consumers look at is rent-to-own. These options are also known as lease-to-o ...

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Credit card fraud is increasing —what to do if you're scammed

Posted on 18 June 2019

(NC) With new technologies making our personal and financial information more accessible to fraudsters, Canadians are increasingly worried about fraud and identity theft. According to a new survey conducted for Chartered Professional Accountants of Canada (CPA Canada), 70 per cent of us are more concerned about fraud today than we were five years ago. Meanwhile, almost one in five ...

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4 tips to help protect yourself from investment fraud

Posted on 18 June 2019

(NC) Investment fraud is easier to recognize when you know what it looks like. To protect your money and achieve your financial goals, it’s important to stay ahead of scammers. You can minimize the risk of falling victim to investment frauds by spotting common red flags, including: High returns with low risk. In general, higher-risk investments offer high ...

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5 scams fooling even the smartest victims – how to protect yourself

Posted on 18 June 2019

(NC) Think you can’t be tricked be the latest frauds and hacks? Companies continually work harder to protect your data from attacks, but fraudsters are also working harder to access it, which can leave your personal and financial information at risk. “Even as technology advances to make our lives easier with things like thumbprint, voice and facial recognition, we cannot afford ...

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Financial Checklist For Canadians in 2019

Posted on 18 April 2019

he first month of the year is a good time to start planning your finances and taking charge of your money. Waiting till the end of the year before implementing your savings and investing plans means that you have allowed 12 months to go by without utilizing compound interest to your advantage. Financial Steps To Take in 2019 As you move to implement your Ne ...

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The ins and outs of tax and estate planning for a RRIF

Posted on 18 April 2019

Q: I’m 81, single, female, with around $265,000 in a RRIF (invested in two different financial institutions, both mutual funds).  My withdrawal is about $12,000 a year. How can I minimize tax payable (by my beneficiaries) at death? — Lydia A: The tax savings and deferral from contributing to a Registered Retirement ...