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

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

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

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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...

A parents’ guide to home down payment gifts and loans
A Canadian family moving, thanks the BoC rate cuts, which improved mortgage affordability in Vancouver, Toronto and Hamilton

Mortgages

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

How much income do I need to qualify for a mortgage in Canada?
Two Canadian students at a dorm discussing RESP withdrawal rules.

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),...

RESPs 101: The RESP withdrawal rules

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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...

Making sense of the markets this week: August 18, 2024
Canadian woman looking at her credit score after realizing she left her credit card dormant.

Credit Cards

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

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

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Which types of pension income can be split with your spouse in retirement?

Splitting income with your spouse can help you to pay less tax. Here are some types of retirement income...

Which types of pension income can be split with your spouse in retirement?
Two shiny red apples and a green apple are shown to symbolize the comparison of GICs and annuities for retirement

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Annuity vs. GIC: What makes sense for retiring?

Annuity vs. GIC: What makes sense for retiring?

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A woman in her late 50s/early 60s smiles, as her husband is behind her about to give her a hug. They're wondering about GICs for his retirement savigs

Ask MoneySense

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

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

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