According to a recent study by Stats Canada published at the end of March, Canadian credit card debt has increased to $91.5 billion. That amounts to a 13.8% increase in December 2022. If you’re looking to reduce your credit card use and to bring down your debt, consider trying some of these suggestions: Set [...]
One important habit to adopt in order to become a successful budgeter is tracking your expenses. Luckily, there are a lot of options available to help make your life easier. Here are a few ideas: Spending apps: regardless of whether you have an Android or an Apple phone, you can easily find a free [...]
Now that RRSP season is over, it’s time to look ahead to Tax season. While we know that many of you file with the help an accountant, others among you complete and file your taxes yourself. So the following short list of tips may be best suited to the personal filers. Maximize on your [...]
According to the latest Canadian Anti-Fraud Centre’s annual report, digital frauds like Phishing, Spear Phishing and Identity Theft continue to rise. In fact, they report that there has been a 130% increase in dollar loss compared to the previous year. Since this is Fraud Prevention Month, here are some reminders on you can protect [...]
Regardless of how old you are or how financially savvy, every life stage has an important money-milestone. Here are a few examples: Twenty-something: You’re starting to work and make money, so now is the time to learn how to budget — and it doesn’t have to be difficult or complicated. On mycanadalifeatwork.com check out [...]
There is one thing we can always expect after the holiday season: when the festive bubble bursts, the bills arrive and we realize that we should have done a better job budgeting for the holidays. We then start the year stressed because we have new debts to manage. So here’s a reminder about our [...]
We often hear from members about the timing of standard account transactions. We have collected the most common questions and answers for your convenience: Q: RRSP contribution receipts not matching details on paystubs and online banking contributions had not yet been processed into their plan. A: There are two key factors that affect [...]
One way that you can make the most of the CEIRP plan is to consolidate your other investments into CEIRP. Not only will you be able to take advantage of our well-managed investment funds, you can also take advantage of our low fees, which means you invest more of your money. Here’s how [...]
One of the most common calls that the Canada Life call centre receives is about transferring money between a Non-Registered Savings Plan (NRSP) and Registered Retirement Savings Plans (RRSP), especially near the end of the year. Now members can manage the process themselves by downloading the transfer form from mycanadalifeatwork.com. How to download [...]
Almost on a daily basis across Canada, we are hearing news reports about how expensive life is becoming. It just seems as if today’s financial news isn’t very positive and it’s hard to know when things will improve. But there are adjustments we can do right now to manage these increases and calm [...]
