Financial planning forms a very important part of personal financing, given that it does not only provide you with a comfortable present but also a secure future. It is overwhelming in Canada, where there are different options for savings plans, investment opportunities, tax considerations, and retirement planning. The content herein puts forward an overview of … Read more
Over the last few years, the cost of living has been one of the major stressors of the Canadian people, and 2026 will be another year where wary optimism will meet financial reality. Nationally, the inflation has subsided to approximately 2.2 percent towards the end of 2025, which is a significant contrast to the significant … Read more
There is a financial pressure point that every generation must confront in Canada. For many Canadians today, the most difficult decision is not between brands, travel plans, or job opportunities, she says — it’s deciding whether to save for a down payment or just concentrate on student debt. With housing costs and loan balances increasing, and the … Read more
Canadian families are living in a world where the financial environment is becoming less and less predictable. Maintaining long-term stability has become more difficult due to high living costs, rising health care costs, and households’ greater indebtedness. There are many families with only one source of income, and even those with good savings still feel … Read more
The Canadian Federal Budget 2026 is going to be a major factor in determining how Canadians will handle their personal finances during the next year. With living costs remaining high and financial burdens still affecting household decisions, the direction of the budget becomes a necessary tool for long-term planning, budgeting, and money management. Any changes … Read more
Purchasing a home in Canada is typically the largest financial investment a person makes in his or her lifetime. About 35.5 percent of Canadians carry a mortgage as of 2025, and many say they are fighting against the tide when it comes to payments: only about one in three report being able to pay their … Read more
LIMRA and the CLHIA report have shown a surge in high face value Life Insurance among affluent Canadians. Increasingly, people are looking at solutions such as the Immediate Financing Arrangement (IFA) for protection and financial flexibility. With Whole Life Insurance providing guaranteed value, and the cost of Life Insurance on the move upward, the IFA … Read more
No other decision has as much potential to mould your financial security as the decisions you make with your money. If you need to pay off debt, pay for unexpected expenses, or finance a project, you might consider two options: a Home Equity Line of Credit (HELOC) or a personal loan. Both are widely available … Read more
Let’s be honest for a second—how often do we actually think about how our health affects our bank account? Probably not enough. We stress over bills, panic over rent, and daydream about retirement. But here’s the kicker: most of us never stop to connect how our physical and mental well-being can either make or break … Read more
When you are thinking of moving to or working in Canada, it is important to understand the average income when planning your financial future. This not only gives you an outlook on the economic state of the nation but also can help you judge whether your income will fund your way of life. A diversified Canadian economy … Read more