Blog - Categories
Category: Financing (10 posts)
First Home Savings Account (FHSA)
April 11, 2023 | Posted by: Harold Hagen
First Home Savings Account (FHSA) In its 2022 Federal Budget, the Canadian Government introduced the First Home Savings Account (FHSA) a new registered savings plan designed to help Canadians ... [read more]
A Six-Step, Back to Basics Financial Plan for Most Every Canadian
November 21, 2022 | Posted by: Harold Hagen
It's a tough time to know what the right financial move is at the moment. Interest rates are increasing, while stocks are in bearish territory. It's easy to forget that there are smart things that you ... [read more]
Gut Punch from the Bank of Canada
October 12, 2022 | Posted by: Harold Hagen
Last Thursday, Bank of Canada Governor Tiff Macklem gave a speech, quite simply titled, “Restoring price stability to Canadians”. I won’t bore you with the entire speech, but ... [read more]
Covid-19 Managing Uncharted Waters
March 23, 2020 | Posted by: Harold Hagen
Covid-19 Managing Uncharted Waters As the current health crisis plays out, the months ahead may potentially prove to be trying times. For people with debt, and in particular mortgage debt, mone ... [read more]
First -Time Home Buyer Incentive
February 29, 2020 | Posted by: Harold Hagen
The Federal Government’s new First-Time Home Buyer Incentive (FTHBI) program offers an interest free loan towards the purchase of a new home for up to 25 years. Launched September 02, 20 ... [read more]
Dutch Disease - Economy
February 22, 2020 | Posted by: Harold Hagen
As part of my daily effort to monitor the pulse of the Canadian economy and understand market future trends, I pay close attention to historical economic patterns. For example, five years ago Can ... [read more]
The Dream - Susan's story
February 18, 2020 | Posted by: Harold Hagen
Susan had moved to Red Deer, Alberta three years ago with her two teenage children. Owning a home had been a long-time dream of hers, but since she had always been a renter, and her growing children w ... [read more]
Bank of Canada; Saving Green
March 22, 2019 | Posted by: Harold Hagen
Up till now, BoC Governor Stephen Poloz had stated repeatedly that the overnight rate (currently at 1.75%) would need to reach the Bank’s “neutral range” target of 2.5-3.5%. “ ... [read more]
Strategies to Dig Yourself Out of the Debt Hole
March 14, 2018 | Posted by: Harold Hagen
Debt. It's something almost everyone will have at some point in their life. But what happens when your debt begins to get the better of you? What options are available? Some simple strategies can he ... [read more]
Why You Need an Emergency Fund And How to Get One
March 7, 2018 | Posted by: Harold Hagen
Building an emergency fund is something most people know they should do but few actually get around to doing. A recent study found that nearly two-thirds of Americans did not have an emergency fund, a ... [read more]