Introduction to Credit Card Interest
Try our credit card interest calculator to calculate credit card interest and find out how long it will take you to pay off the debt. This tool can help you develop a plan to get your credit in order and avoid future interest payments.
How to Use the Credit Card Interest Calculator
Our credit card interest calculator can help you find out two important pieces of information:
How much interest are you paying based on your current monthly payment?
How many months will it take to pay off your credit card balance?
To use the calculator, first, enter your credit card balance and your card's annual...
Introduction to Inflation
Inflation is a complex economic concept that can have a significant impact on individuals and societies. It refers to the increase in the price of goods and services over a certain period of time, usually a year. This means that the value of money decreases, and the same amount of money can buy fewer goods and services than it could before. Inflation is a natural part of a growing economy, but high inflation can be problematic.
What is Inflation and Why Does it Happen?
Inflation occurs when there is an increase in the demand for goods and services, and businesses raise their prices as a result....
Recognizing the Signs of Steady Income as a Freelancer
You can feel the change long before your bank account shows it. The cycle of feasts and famines still fluctuates, but something underneath is beginning to stabilize. Your requests become more...
Financial Literacy for Teens: Breaking the Silence
Introduction to Financial Concerns
During teenage and young adulthood, children begin to earn money and develop their first financial habits. However, many parents worry that these habits aren't enough: 53% say they worry about...
Free Personal Finance Courses for Canadians
To help Canadians understand their options, we've rounded up the best free courses - both online and in-person -...
Introduction to Rental Reporting
Rental reporting can be a game-changer for individuals looking to increase their credit scores. According to Viler Lika, founder and CEO of Singlekey, a rental service company, "Your rent is your biggest monthly obligation for debt...
Introduction to Financial Fears in Canada
A recent press release from TD Bank revealed that 76% of newcomers to Canada fear making financial mistakes. While this number may seem alarming, it's not surprising given the complexity of the Canadian financial...
Slow travel is a concept that has been gaining popularity in recent years, especially among digital nomads. It's an approach to travel that emphasizes...
As a digital nomad, you're likely no stranger to the thrill of exploring new destinations and immersing yourself in different cultures. However, with the...
Budgeting and money management are essential skills that everyone should possess. With the rising costs of living and the uncertainty of the economy, it's...
The world of industry is constantly evolving, with new trends and insights emerging every day. In order to stay ahead of the curve, it's essential to understand the current landscape and predict what's to come. In this article, we'll...
Passive income and diversification are two powerful concepts that can help individuals achieve financial success. Passive income refers to the earnings generated from investments or businesses that require little to no direct involvement, such as rental properties, dividend-paying stocks,...
Starting a solo business can be a daunting task, especially when it comes to scaling it to six figures within a short period of 12 months. However, with the right mindset, strategies, and dedication, it is achievable. In this...
The Unspoken Fears of Successful Freelancers
As a freelancer, it's easy to assume that success equals confidence. However, many successful freelancers have personal concerns that they rarely express, even to colleagues. Despite having a solid business with paying customers, ongoing...
Introduction to Tax Relief Provisions
The Income Tax Act states that the normal period for reassessment is three years from the date on which the notice of assessment or reassessment is sent or received. However, under the tax relief provisions,...
Introduction to Retirement Tax Credit
The retirement tax credit is a valuable benefit for individuals who have reached the age of 65 and are receiving income from a Registered Retirement Income Fund (RRIF) or Life Income Fund (LIF). However, this...
Introduction to Tax Liability and the Voluntary Disclosures Program (VDP)
Tax liabilities continue to accrue, but to be fair to everyone, the Canada Revenue Agency (CRA) will provide a higher level of relief to those who correct an error before...
Introduction to GST/HST Credit
The GST/HST credit is a tax-free quarterly payment from the Canada Revenue Agency (CRA) designed to help low- and middle-income Canadians offset the goods and services tax (GST) or harmonized sales tax (HST) on everyday purchases....
Introduction to Trusts
A trust is a legal arrangement where a person, known as the settlor, transfers assets to a trustee who holds and manages these assets for the benefit of one or more beneficiaries. The trustee is responsible for...
Introduction to Forex Trading
If you're on social media, you may have come across videos promoting Forex trading as a way to make money. While investing can be a way to grow your money, it's never without risk - especially...
Setting Up Your Shopify Business for Success
To set up a successful Shopify business, there are several steps you can take. It all begins with choosing the right theme for your store, getting the best apps to enhance your business,...