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Line of Credit

A young woman checks her credit score on her smartphone

Financial literacy

Credit scores and credit reports: What newcomers to Canada need to know

Credit scores and credit reports: What newcomers to Canada need to know
A woman is sitting at her desk, using her calculator to figure out her debt-to-income ratio.

loans

How to calculate your debt-to-income ratio—and why you should know this number

How to calculate your debt-to-income ratio—and why you should know this number
A woman sits at her computer, holding a credit card, contemplating using a line of credit to pay off her credit card debt

loans

Does it make sense to use a line of credit to pay off credit card debt?

Does it make sense to use a line of credit to pay off credit card debt?
A woman in her 80s is sitting on her couch at home, removing her glasses, as she is thinking about selling her home or get a reverse mortgage.

Ask a Planner

Should I sell and rent or get a reverse mortgage?

What to consider before selling your home or getting a reverse mortgage. The math reveals the real costs for...

Should I sell and rent or get a reverse mortgage?

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A couple sitting on their couch enjoying their home, as they look out the windwo

Debt

Should you take RRSP withdrawals to pay down debt?

With a partner out of work, this reader is considering a RRSP withdrawal to try to reduce her mortgage...

Should you take RRSP withdrawals to pay down debt?
person installing flooring inside a home

Real Estate

Ways to finance a home renovation in Canada

With the pandemic keeping more of us at home, for more hours of the day, about a fifth of...

Ways to finance a home renovation in Canada

Debt

When to prioritize debt repayment over saving

Lindsay uses the priority pyramid to find out how much money she has to put towards debt repayment or...

When to prioritize debt repayment over saving

Financial Planning

“We paid off our mortgage early. What now?”

It's important to make a plan for your new, excess cash flow—bumping up retirement savings and emergency funds are...

“We paid off our mortgage early. What now?”

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Debt

Credit during COVID-19: accessing the best credit in Canada right now

Living paycheque to paycheque used to be manageable. But with the coronavirus pandemic, money is tighter than ever. Here’s...

Credit during COVID-19: accessing the best credit in Canada right now

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