Having a low credit score doesn’t mean you can’t get a credit card. You may need to focus on eligibility and consider a secured card to rebuild credit. Below are practical options — mainly secured cards that are easier to qualify for, plus a few unsecured alternatives that often accept applicants with limited credit history, … Read more

Why trust us MoneySense is an established personal finance publication with a long history of helping Canadians make informed money decisions. Our editorial team works with qualified personal finance experts and compares offerings from major banks, credit unions and card issuers to highlight notable features, fees and rewards options. The Bank of Montreal (BMO) is … Read more

If you want your new iPhone or Android phone to last as long as possible, it pays to take care of it. With most people holding on to devices for longer than they used to, simple maintenance and smart habits can extend a phone’s life by several years. Many factors have contributed to longer phone … Read more

Kyle Prevost, creator of 4 Steps to a Worry-Free Retirement, Canada’s DIY retirement planning course, summarizes financial headlines and provides context for Canadian investors. Nvidia earnings land on the moon—shareholders were aiming for the stars Almost any company would celebrate the quarterly results Nvidia reported, but Nvidia today is not a typical company. Its scale, … Read more

As food prices keep climbing, getting cash back or points on everyday purchases is a smart way to stretch your household budget. If you regularly shop at Loblaw-owned grocery stores—such as Real Canadian Superstore, No Frills, Fortinos and Loblaws—or fill up at Esso and Mobil stations, the PC World Elite Mastercard can deliver strong value. … Read more

Nvidia reported blockbuster results, with profits and revenue surging on sustained demand for its AI-focused chips, yet the market response was muted as investors weighed whether the company’s rapid growth can continue at the same pace. For the quarter, Nvidia posted a net income of $16.6 billion, or $16.95 billion on an adjusted basis that … Read more

Canadians are increasingly turning to reverse mortgages — a borrowing option that allows homeowners to access up to 55% of their home’s appraised value without making regular payments until the loan becomes due. This trend is reshaping traditional attitudes about debt and retirement. Data from the Office of the Superintendent of Financial Institutions (OSFI), which … Read more

Canadians continue to favour the predictability of fixed-rate mortgages. A survey by the Canada Mortgage and Housing Corporation (CMHC) found that 69% of Canadians who completed a mortgage transaction this year chose a fixed-rate mortgage over other types. However, choosing a fixed-rate mortgage can become complicated if you sell your home before the end of … Read more

Ask MoneySense My husband has a rental property. As part of our estate planning, he has decided to add our daughter’s name to the title on June 1, 2024, to avoid the increased capital gains inclusion rate. By adding our daughter’s name, he’s considered to have sold half the house. The adjusted cost base was … Read more

If you have a mortgage, you likely know it must be renewed periodically—usually every two to five years, depending on your chosen term—until it is fully paid off. What many homeowners don’t realize is that lenders are not legally required to renew a mortgage when the term ends. Banks and other mortgage lenders rarely refuse … Read more