By Paula Kehoe The birth of your new little son or daughter signals a fresh beginning for your family’s financial security. Here’s what you need to know. The average cost of raising a child is the subject of some debate, but according to figures calculated by MoneySense.ca, it’s a staggering $253,954. And that’s before you…

While the Bank of Canada has yet to raise their overnight rate—a rate that dictates what happens with variable mortgage interest rates—there are changes within the current Canadian mortgage climate. In late 2016, TD Canada raised it’s variable rate mortgage—not just for new mortgage business, but also for existing mortgage holders. The rate increase was…

By Helen Burnett-Nichols Your home is likely the biggest asset you’ll ever own. So how should you ensure your home is protected should something happen to you? Canadians held $855 billion in mortgages on their principal residences in 2011, according to the Canadian Association of Accredited Mortgage Professionals, and the Statistics Canada Survey of Household…

By Kevin Press Defined benefit, defined contribution, group registered retirement savings plan — the list goes on. Here’s what you need to know. To be employed by an organization that provides one or more retirement savings plans to its people is one of the greatest financial advantages you can enjoy in Canada. These plans come…

TFSA basics Tax-free savings accounts (TFSAs) are designed to help Canadians save more. 9 things to know about TFSAs TFSAs are available to Canadians age 18+. Starting in 2015, the contribution limit is no longer indexed to inflation and is set at $10,000 per year. You can save tax free for any goal you want…

By Anne Levy-Ward, BrighterLife.ca June 8, 2015 Does your provincial health plan cover as much as you think? What about your employee benefits? Your protection may have gaps you don’t know about. Along with hockey and politeness, universal health care is often said to define us as Canadians. But there’s a good chance you don’t…

  Whether you’re searching for your first home, planning some renovations to your existing home or thinking of downsizing as you head into retirement, there are many decisions to be made. Check out Brighter Life’s Home smarts section for tips and tools on topics such as: What you need to know before making an offer…

Republish Reprint Melissa Leong | January 30, 2015 1:43 PM ET More from Melissa Leong | @lisleong New parenthood brings so many surprises. How can something so little (a baby) make so much noise and take up so much time and money? The Fraser Institute estimates that it costs up to $4,500 a year to…