Finance

Smart Financial Tips to Avoid Deferring Your Mortgage

If you’re thinking of hitting the “pause” button on your mortgage, be mindful that a deferral is not mortgage forgiveness; the payment is being delayed and the interest accrued during that period of time is added to the balance owing; directly impacting the total interest you’ll pay over the long term.

RRSP vs TFSA: What’s the difference?

As tax season quickly approaches, many of us are re-evaluating our finances and looking for the best place to put our money. RRSPs and TFSAs are two popular investing options that can help grow your savings. But what’s the difference, and how do you choose the right one for you?

Win $5000 Cash Prize on Lohri While Saving For Your Child’s Education

Your child has started going to school. Have you started the RESP? In September, school-aged children start their school year and grown up students join post-secondary education. Since the cost of education in Canada is quite high, in order to ease the financial burden of parents, the government has designed a unique educational savings program namely RESP.