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How Does Mortgage Refinancing Work in Canada?

With interest rates at an all-time low, now is a great time to refinance your mortgage. When you refinance, you take out a new mortgage with a new lender at a lower interest rate than your current one. This allows you to save money by paying off your mortgage faster and get cashback from the transaction in the form of any difference between your old and new interest rates. But there are many different lenders, and it can be hard to... ❯❯❯

Will My Credit Score Be Affected by a Consumer Proposal?

If you’re considering filing for a consumer proposal, one of the things you may be wondering is how it will affect your credit score. A consumer proposal is a formal process through which you can negotiate with your creditors to repay a portion of your debt over a period of time. It is not bankruptcy and will not show up on your credit report as such. However, a consumer proposal will have a negative impact on your credit... ❯❯❯

How to Save Money When Buying a Home

The average American family spends $12,000 to $25,000 on a down payment for the purchase of their first home.  That's not chump change. And now with real estate prices skyrocketing, it's easy to read about friends and family who bought fabulous homes years ago and are now sitting on all sorts of equity. And this is why people often ask, "How can I buy a home for less?"  First of all, there's technically no such thing as... ❯❯❯

Can a Consumer Proposal Be Rejected?

When you have filed a consumer proposal, there are many reasons why the Trustee may reject it. One of the most common reasons is that you did not include all of your debts. Another reason might be because you claimed assets that do not belong to you. For example, if you obtained an advance on your wages or employment insurance payments through fraud or deception, these funds cannot be used as part of your consumer proposal. If this... ❯❯❯

6 Day trading strategies for the stocks market

The stock market is a complex field with many different facets to explore. If you are interested in day trading, you probably already know that the average stock trader has between zero and three per cent success rate, where successful trades are defined as making back more than they lose (you can check here). It's true for traditional investing and day traders who work within after-hours time frames. However, some strategies can help... ❯❯❯

Can Bankruptcy Help Get Rid of Joint Debts in a Divorce?

It depends on the bankruptcy and the divorce as to how it will help get rid of joint debts. If you file for bankruptcy first, you and your spouse will only have to pay one filing fee and can share the legal fees of your bankruptcy attorney. Filing for bankruptcy first can also make the property division portion of your divorce case simpler. Typically in a divorce, the court will divide both the assets and the debts. However if you and... ❯❯❯

How Personal Expense Management Software Companies Can Save Your Business a Bundle in Taxes

What are taxes? A tax is a compulsory financial charge imposed on an individual or legal entity by a governmental organization to fund government spending and various public expenditures. Failing to pay, evading, or resisting taxation is a crime. Most countries charge a tax on an individual's income as well as on corporate income. To be successful, a business needs to keep accurate records. You need to have a business plan or... ❯❯❯

What You Need to Know Before Starting a Gold IRA Investment Account

A gold IRA is an excellent investment vehicle for those who want to diversify their portfolio with something other than stocks or bonds. Many companies offer this service, but how do you find the best one? In this article, we'll discuss what a Gold IRA is and how to choose the right company. What is a Gold IRA? How does it Work? A gold IRA is a retirement plan that invests in gold and other precious metals. It also allows for... ❯❯❯

How Do Consumer Proposals Work in Canada?

Nobody likes being in debt. Whether it is financial debt or just owing someone a favour, debt has a way of turning unpleasant very quickly. It can lead to stress, anxiety and tough decisions. In the worst cases, it can take quite a long time to remedy and may require sacrificing privileges and luxuries. Still, with the help of financial professionals, like Licensed Insolvency Trustees (LITs), there is a light at the end of the... ❯❯❯

Professional Guidelines to Learn Currency Trading Business

Forex trading is so popular nowadays. If you are looking for a potential opportunity to earn money, this profession is surely for you. So, it is very important for investors to learn basic things about Forex trading. Most experienced and professional traders suggest managing risk after involving yourself in this profession. To manage the risks, traders should know about the different methods and market conditions. A successful career is... ❯❯❯