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Why a reverse mortgage should be a last resort for most Canadian retirees

Reverse mortgages do the job of freeing up income for house-rich, cash-poor Canadian seniors. But their terms are often...

Ask a Planner

A parents’ guide to home down payment gifts and loans

Many parents loan or gift money to their adult children for real estate purchases. Here are the legal and...

Mortgages

How much income do I need to qualify for a mortgage in Canada?

Created By

Ratehub

MoneyFlex

RESPs 101: The RESP withdrawal rules

Have an RESP, now what? If you’re wondering how to withdraw that money to pay for school (or not),...

Investing

Making sense of the markets this week: August 18, 2024

Falling U.S. inflation leads to rate cut certainty, Walmart’s strong quarter, Barrick beats Franco-Nevada for the gold metal, and...

Credit Cards

What happens if you don’t use your credit card?

Created By

Credit Canada

Ask MoneySense

Is now the time for retirees to sell stocks and buy GICs?

Presented By

MCAN Wealth

Investing

Making sense of the markets this week: August 11, 2024

Japan’s carry trades spook the markets, mixed U.S. earnings are in, Shopify surges, oil and potash remain profitable.

Real Estate

Yes, a cottage is an investment property—here’s how to minimize capital gains tax

Should you “invest” in a cottage? And if you do, what happens when you sell it, give it away...