What is a payday loan?
Need to borrow a small-ish amount of money for a week or up to two months? Payday loans can...
What is a beneficiary?
When you buy life insurance in Canada, open certain investment accounts or prepare a will, you can name a...
What is CPI?
CPI is a key measure of inflation. Find out how CPI is determined and what it tells us about...
Compound interest calculator: How to use one and how interest grows
Watch your money grow—or calculate how much money you will owe in total—with the MoneySense compound interest calculator. Here’s...
What is the benchmark interest rate?
The Bank of Canada’s benchmark interest rate can have an impact on everything from your savings account to your...
What is a credit union?
Should you do your banking at a credit union? Find out the key differences between credit unions and banks...
What is a neobank?
If you’re thinking about switching banks, neobanks are worth a look. Here’s what neobanks in Canada are like.
What’s affecting Canada’s real estate and housing market?
Thinking about buying or selling a home in Canada? These seven factors will shape the housing market this year.
What is a dividend tax credit?
Find out how dividend tax credits work, why governments offer them and what it means to “gross up” your...