Posts filed under: Personal Finance Canada

The RBC Homeline Plan is a convenient way to have a mortgage as well as access to the equity in your home. This product combines a traditional mortgage and home equity line of credit (HELOC) into a single product. You’re...
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Most people don’t think about having a personal directive when they’re young. However, it is a vital piece of legal paperwork that you should complete. Without a personal directive, your loved ones may be under tremendous stress to make life...
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It is important for everyone to give someone they trust the power of attorney – even if you’re young. If you’re incapacitated for any reason, it will be a nightmare for your family and loved ones to help with even...
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If you’re looking to do retail arbitrage or online arbitrage on Amazon, then one of the first things you’ll need is to get approval to sell various brands. The approval process is called “ungating”. Once you’re “ungated” in a brand,...
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Hello fellow entrepreneurs! So you’re wondering how to sell products on Amazon. Today, we’re going over everything you need to get started.  We’re going to assume you already know what you want to sell. Product research is a whole guide...
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The dividend capture strategy involves buying a dividend stock just before the ex-dividend date, and then selling it after securing the dividend. The idea is to own the stock just long enough to get paid the dividend, and then unload...
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You see it all the time in movies. A rich kid walks into a high end store and buys a 100K watch or purse using money from the trust fund that his or her parents have set up. But are...
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There are many reasons why you might want to get out of your mortgage contract early. Maybe the interest rates have dropped, and you want to take advantage of the new rate. Maybe you want to move to a new...
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The Registered Education Savings Plan (RESP) is a Canadian government regulated account (similar to TFSA’s) that provides tax advantages for money that is going towards paying for higher education.  The money in your RESP account can be invested in a...
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Most of our planet’s surface is covered in water, but the vast majority of it is not drinkable (97% of it is seawater). If we take a close look at how much water is readily available for human use, only...
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