Ask MoneySense

I cosigned a motorcycle loan and the owner passed away: What are my obligations to the bank?

A Certified Financial Planner helps a reader understand their obligations—and their options—after cosigning on a loan.

Save

Should you withdraw from an RRSP to pay bills?

Taking money from your RRSPs early to pay for debt has implications, including taxes, the loss of growth in...

Debt

Will credit card debt affect my mortgage application?

Having debt isn’t necessarily a problem. But the size of your debt and your history of repayment could affect...

Mortgages

Watch: Does debt impact your mortgage application?

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Debt

Should you take RRSP withdrawals to pay down debt?

With a partner out of work, this reader is considering a RRSP withdrawal to try to reduce her mortgage...

Debt

Canada’s climbing debt-to-income ratio: what you need to know

We break down what the debt-to-income ratio means—for the nation’s financial health, and for yours.

Credit Cards

10 strategies to help you pay off your credit card

Who doesn’t want to pay down credit card debt? Following these tips can help you bring your credit card...

Debt

Canadians collectively owe $1.8 trillion in household debt

A 6% increase from one year ago

Debt

5 ways to cure your Christmas debt hangover

The average adult spent an estimated $1,700 this season