Understanding the Impact of Recession on Canada's Economy The Canadian economy has been experiencing a slowdown, and many are wondering if the tariffs imposed by US President Donald Trump are the cause. However, it's essential to note that the economy was already slowing down before the tariffs were introduced. Factors such as decreased immigration and rising unemployment played a significant role in this slowdown. The Effects of Tariffs on the Canadian Economy The tariffs accelerated the slowdown, leading to increased unemployment, decreased consumer trust, and harm to companies. The effects of the tariffs are still being felt, with potential homebuyers hesitant to take on mortgages due to job insecurity,...

As a self-employed individual, navigating the world of mortgage planning and budgeting can be a daunting task. Without a traditional paycheck and W-2 form, it can be challenging to demonstrate income stability to lenders, making it harder to secure a mortgage. However, with the right guidance and planning, self-employed individuals can overcome these obstacles and achieve their dream of homeownership. In this article, we will provide a comprehensive guide to mortgage planning and budgeting for the self-employed, covering topics such as income calculation, credit score optimization, and budgeting strategies. Calculating Income as a Self-Employed Individual One of the primary challenges self-employed individuals face when applying for a mortgage...

Understanding Tax on Retirement Income As a retiree, you may have noticed that you owe taxes when you file your return, unlike when you were...

Budgeting and money management are essential skills that everyone should possess. With the rising costs of living and the uncertainty of the economy, it's...