Browsing Category Financial Advice

Guaranteed investment certificates (GICs) have always been a smart investment. While they may not offer returns as large as others such as stocks and bonds, they are safer, providing the investor with their original investment plus a little bit of interest depending on the term agreed to. While interest rates across the country are similar, there are still many steps you can take to maximize the return that you receive on your GIC once you cash out or the term ends. Below are some of the ways you can get the best GIC return possible. View post

From big name brands to corporations you would never expect to see go bankrupt, sometimes filing for bankruptcy is a necessary step towards protecting one’s assets. Maybe it’s strong competition, debt you can’t repay, internal business trouble, or something else. Here are some recent bankruptcies we think are worth noting.View post

The Canadian government requires that you have car insurance. You could be fined if you are caught driving without it. Insurance brokers can help you get a policy that is right for you. There are several reasons that you need to have car insurance. 1. You Can Be Involved in a Car Accident You try your best to be a cautious driver. However, you can still be involved in a car accident. In fact, there are 300,000 car accidents in Canada each year. One in three people will be involved in a serious accident at some point in their lives. If you ...

Western-style futons are a type of furniture designed with utility and practicality in mind. Taking inspiration from sofa-bed designs, futons can shift between a sofa or couch shape, and the shape of a bed. View post

In Canada, there are more than a dozen different types of mortgages. Some mortgage types are interchangeable with others, while some are meant for specific circumstances. For anybody who owns property or is interested in buying real estate, here are twelve different types of mortgages and how they work:View post

Should you file bankruptcy? In times of financial hardships or if you have more debt than you’re able to handle right now, you may be leaning towards bankruptcy protection. Fortunately, bankruptcy isn’t your only option. In Canada, bankruptcy alternatives can be more advantageous and protect you from the consequences of that come with declaring bankruptcy.View post