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Oct 24, 2024 | 
forbes.com | Courtney Reilly-Larke |Aaron Broverman
Editorial Note: We earn a commission from partner links on Forbes Advisor. Commissions do not affect our editors' opinions or evaluations. If you’re looking for a bone-chilling movie to accompany your Halloween candy this spooky season, look no further than your Netflix account. From paranormal activity to gory jumpscares and horror comedies—the streaming service has a wide selection of horror movies to keep you up at night.
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Oct 9, 2024 | 
forbes.com | Fiona Campbell |Courtney Reilly-Larke
A tax deduction lowers your taxable income. Some common tax deductions include RRSP contributions, child-care expenses and support payments that are deducted from your income. This differs from a tax credit, which reduces the tax you owe and can either be refundable (resulting in a tax refund) or non-refundable (no refund). An example of a refundable tax credit is the GST/HST credit, while a non-refundable tax credit is the First-Time Home Buyers credit.
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Oct 1, 2024 | 
forbes.com | Courtney Reilly-Larke
The Brim World Elite Mastercard earns you 2 points per dollar spent anywhere, plus offers a range of benefits for travellers. Rewards: Earn 2 points per dollar spent on anything, for up to an annual spend of. $25,000. Other Benefits and Drawbacks: Although this card offers two times the points on all purchases, it comes with a high annual fee that’s not waived in the first year, nor does it come with a welcome offer.
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Sep 27, 2024 | 
forbes.com | Candice Lee Reeves |Courtney Reilly-Larke
Porting a mortgage applies your existing mortgage (along with its current rate and terms) to a new home. This means you can sell your house and buy a new one without paying penalty fees for breaking your mortgage early. You can only port a mortgage when you’re buying and selling a home at the same time, but not all mortgages are portable.
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Sep 19, 2024 | 
forbes.com | Craig Sebastiano |Courtney Reilly-Larke
The Wealthsimple Cash account is a chequing account with no monthly fees, minimum balance requirements to open an account, or overdraft fees. It also has a competitive interest rate, similar to a high-interest savings account (HISA). Like any other chequing account, you can use it to pay bills. The account comes with a Cash card, which functions like a debit card, but earns 1% cash back on your everyday spending.
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Sep 17, 2024 | 
forbes.com | Candice Lee Reeves |Courtney Reilly-Larke
EQ Bank has been making waves with its no-fee approach to everyday banking. The EQ Bank Personal Account follows suit, eliminating common banking fees and minimum balance requirements for an easier (and cheaper) way to manage your money. The EQ Bank Personal Account is particularly notable for its high interest rate, which isn’t a promotional ploy. There are no gimmicks or surprise charges, just simple digital banking that lets you spend and save money in the same place.
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Sep 13, 2024 | 
forbes.com | Fiona Campbell |Courtney Reilly-Larke
Your mortgage contract will outline how often you make your payment. Your options include:Monthly: This is the most common mortgage option. You make one mortgage payment each month for 12 payments each year. For example, you pay $1,000 on the 15th of each month. Semi-monthly: With a semi-monthly payment structure, your mortgage payment is divided into two, and you make two smaller payments each month for 24 payments each year. For example, you pay $500 on the 1st and 15th of each month.
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Sep 13, 2024 | 
forbes.com | Jessica Martel |Courtney Reilly-Larke
A credit card is a physical card that can be used to make purchases in person or online, pay bills and take out cash advances. A credit card works similarly to a loan, but it uses revolving credit—which means you can borrow money repeatedly. When you first get your card, you’ll be given a set credit limit, which is the maximum amount of money you’ll have access to. When you use your credit card, you’ll have access to fewer funds and when you make a payment, you’ll have access to those funds again.
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Sep 11, 2024 | 
forbes.com | Fiona Campbell |Courtney Reilly-Larke
Rates are an important factor in securing a mortgage, but other considerations should be made to ensure that your loan meets your long-term needs. The posted rate is the rate that a lender openly advertises and is generally considered the starting rate for a mortgage rate negotiation. It is typically the uppermost rate that a bank will give you. Special rates, also known as discounted rates, are advertised discounts off posted rates.
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Sep 6, 2024 | 
forbes.com | Brett Surbey |Courtney Reilly-Larke
A home equity line of credit (HELOC) is a secured loan that gives homeowners access to revolving credit based on the amount of equity in their home and its value. Home equity is the difference between a property’s market value and the loans against it, such as a mortgage. If your home is worth $500,000 and you have a mortgage balance of $250,000, for example, you have $250,000 in home equity. Under federal legislation, borrowers face strict rules on how much they can borrow with a HELOC.
