What are the differences between RRSP and TFSA accounts, and what are the pros and cons for each? - Thanks for the great question. See below for a little info and a link explaning Pro's & Con's. An RRSP is primarily intended for retirement savings. Tax assistance provided...... read more
What is CHMC? - Wow, this is certainly one of our most popular questions. Here is a start. Canada Mortgage and Housing Corporation (CMHC) is Canada's national housing agency. They are...... read more
What is CMHC? - Canada Mortgage and Housing Corporation (CMHC) is Canada's national housing agency. We are committed to helping Canadians access a wide choice of quality, affordable homes,...... read more
what is cmhc? - Thanks for the question. Here is a quick answer, but more info can be found at http://www.cmhc-schl.gc.ca/. For over 60 years, CMHC has helped millions of Canadians meet...... read more
How can you avoid paying cmhc - Thanks for the question You can avoid using CMHC and paying their premiums if you have a sufficient down payment. If you have 20-25% of the payment required to purchase the...... read more
What is CMHC? - Thanks for the question. Here is a quick answer, but more info can be found at http://www.cmhc-schl.gc.ca/. For over 60 years, CMHC has helped millions of Canadians meet...... read more
how can you avoid paying CMHC? - Thanks for the question Dillon The only way to avoid paying CMHC premiums is to put down 20% (or 25% depending on the lending institution) of the purchase price for your...... read more
At what age do you recommend starting a retirement savings plan? - As soon as you can!... read more
What is a Co-op and why should I care? - Co-ops are founded on a common idea – that people recognize what is best for them. They are founded with the understanding that people can work together to meet their own needs....... read more
Any Tips for students going on to post secondary education? - Going to school should give you more than just a specific job skill, it should teach you how to gather, understand, and apply knowledge, which includes financial knowledge. ...... read more
