From city streets to Main Street, from suburbs to rural communities – big banks dominate the landscape. In f
Jul
20
While Tom has pointed out that reverse mortgages are controversial, they are becoming increasingly popular in Canada. It’s a plan that gives older Canadians greater financial security. A reverse mortgage is a type of home loan that allows homeowners to convert a part of the equity in their home into cash. Through this mortgage, the homeowners in Canada can obtain cash, without having to sell their home. However, one can qualify for this loan if they are at least 60 years old and owns their home or condo.
Benefits of taking a reverse mortgage in Canada
- No monthly payments: A reverse mortgage can provide a regular source of income to the seniors rich in home equity in Canada. R
Jul
18
My wife and I recently accomplished a major milestone, we paid off all of our consumer debt! We made sure not to carry balances on our credit cards and we didn’t let our debt get out of control. But we did use our credit lines to buy a car, help pay for our wedding, get renovations completed for the HRTC and to prepare for our newborn.
With my wife’s parental leave coming to an end soon, we knew we would need to eliminate our debt to be able to afford for her to stay home to look after our son. To both pay off our debts and prepare for living on one income, we simply used the maternity leave and parental leave payments to reduce our debt. Sin
Jul
16
A reader asks:
I’d like to start an Internet dating site. Where can I get hold of the software to be able to start one? How much is web dating software likely to cost me?
A quick Google suggests there’s quite a bit of free dating site software available, although how good it is, or how well it will fit your needs I can’t say.
If you’re prepared to pay for such software then pretty much any web developer should be able to put together a basic dating site. In their most basic form they are not particularly complex. My brother and I once built one in a little under six hours from concept to workable system. That sai
Jul
16
No small business owner wants to cut employees. Providing a means to earn a living to your workers can be one of the biggest satisfactions from being a business owner. However, when the economy tightens up and cash flow slows to a trickle, layoffs always come up as an option just to stay in business.
Thankfully, there are ways to hold off layoffs that can help a small business survive until happy days are here again and still retain all the great workers you have. Here are a few tips.
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Be Straight With Your Employees
At the first consideration of cutting back expenses, hold a company meeting and let everyone know the situation.
Jul
14
When you think about retirement plans, you don’t tend to think IRS. But if your business operates a retirement plan for its employees then the IRS, and of course your employees, expect that you keep it in good shape and optimized for the best financial return.