Financial Library

In an effort to crack down on speculators and to discourage people from taking on too much debt, Ottawa is tightening mortgage rules again. These new rules are expected to take effect April 19, 2010. There is growing concern that …

For the book The Millionaire Next Door, researchers asked the question, ‘Do you know how much your family spends each year for food, clothing and shelter?’ Almost two thirds (62.4 percent) of the millionaires said ‘yes.’ Only about 35% of …

When Sophia first heard the term Tax-Free Savings Account (TFSA), the first thing that came to her mind was a low- or no-interest account at a bank. She soon learned that just about every investment option available to her in …

Jack and Diane want to improve their financial situation and feel that making financial New Years resolutions and implementing them is a good start. To help identify their priorities, they made the following list: Set Objectives – Goal setting is …

Mortgages today are not like they were when our parents or grandparents bought their homes. As most of us don’t have the cash to buy a home outright, we need to borrow from a lender. There are a number of …

Ralph and Mary have accumulated a nice estate, a good portion of it in cash. They want to leave it all to their children when they die, but they also want to do something for them today. Being part of …