If you’re approaching or planning for retirement, you may have questions about Old Age Security (OAS) benefits, like: Do I need to apply for OAS? How much will I receive in OAS? When do OAS payments go out? We cover these questions and more below. But first, here’s a quick overview of how OAS works. […]
Ask MoneySense Do you have any tips for withdrawing from an RRSP? Some background: My spouse and I are debt-free and mortgage-free. We own our home (current value approximately $1 million). We are hesitant to downsize as this home is accessible for me. I have approximately $650,000 in RRSPs and $105,000 in TFSAs. At 65, […]
You don’t have to be a senior to be aware that scams of all sorts abound in both the physical and—increasingly—the cyber world. Sadly, the rise of artificial intelligence (AI) has exacerbated frauds of all kinds. While anyone can fall prey to technology-enabled schemes to separate them from their money, seniors need to pay particular […]
Dilys D’Cruz didn’t grow up around open discussions about money. But now, she found a career in finance as the senior vice president of retail and wealth at Meridian Credit Union. She found that understanding and talking about money enables her to do what she loves, like travelling the world. With over 35 years of […]
What is the best fixed mortgage rate today? The rate table at the top of this page provides up-to-date information on the best five-year fixed mortgage rates available today. As of March 12, 2025, 4.59% was one of the best fixed rates available for a mortgage with a down payment of less than 20%. For […]
Choosing the right mortgage is crucial when purchasing a property. With various options available, understanding the key differences can help you select the best mortgage for your financial situation and goals. Here’s a comprehensive guide to common mortgage types and how to determine which suits you best. 1. Fixed-Rate Mortgage “Stability for the long haul.” […]
Navigating the world of real estate finance can feel overwhelming, but understanding key concepts like equity, mortgages, and ROI is essential for making informed investment decisions. Whether you’re buying your first home, investing in rental properties, or flipping houses, these financial fundamentals will set you on the path to success. What Is Equity in Real […]
