Gordon Powers

Did you forget to file your taxes last year? You could face hefty interest charges and late-filing penalties.

It’s RRSP season; now is a great time to think about saving for your future.

The official nationwide legalization of recreational cannabis is merely a few hours away, and realty groups continue to vocalize concerns with regards to home cultivation and possible property damage.

That first year at university or college can be a money pit, but your student should know how to spend responsibly and keep a budget.

Borrowing money from a lender or bank means you’re legally committed to paying the money back within a certain timeframe.

A new car can lose 20-25% of its value the moment it rolls off the dealer’s lot. Some models drop by as much as 40%.

The double ending is legal, but the government is considering banning realtors from representing both the buyer and seller in the same transaction due to…

If you’re looking into a simple way to save and earn interest on an investment, here are some of the basic ins and outs to a tax-free savings account.

Getting broad-based medical coverage is your best bet when you travel, even if you're just entering the United States on a short getaway.

Most Canadians can afford to pay off their credit card bill each month but surprisingly, a good portion of them don’t, according to a recent study.

They’re convenient, easy-to-use and yes – they’re safe too! We take a look at the significant growth of tap to pay cards and how they’re more secure than their predecessors.

Like it or not, Christmas is just around the corner (in retail terms, at least). So should you start thinking about holiday shopping now? Here’s how to prepare your wallet for the busy season!

There’s nothing quite like giving an international student the experience of a lifetime by welcoming him or her into your home. But there are a number of things to consider when hosting a student – including how it may affect your insurance.

Canadians are clearly believers when it comes to racking up loyalty rewards points. But how can you get the best bang for your buck when redeeming your points? How about enjoying a vacation yourself or helping others!

Sell and leaseback programs, which allow a homeowner to sell their house but continue living in it under the new owner, give Boomers the chance to tap into equity and stay in the family home. Sounds like a win-win situation – but is it a good idea?

The average amount of Canadian credit card debt has hit a three-year high according to a recent report from TransUnion. What are the top culprits behind high balances? Read on for our breakdown.

Receiving perks through work for health and wellness can go a long way for your budget – but how much are workplace benefits worth? Gordon Powers breaks it down.

Can you afford to be a single-income family? For some, it makes more financial sense for one parent to stay at home – but there are many factors to consider. Gordon Powers breaks down the economics behind the stay-at-home parent.

Would you drive for Uber? The ride-sharing app is sweeping the nation – and appears to offer a great way to make some side cash. But, there are financial pitfalls drivers should be aware of.

The five-year mortgage is still far and away the most popular choice among fixed rate mortgages, chosen by 51% of all Canadians.

They say money can’t really buy you happiness – but some academics disagree with that statement. Turns out, spending your way to satisfaction is completely possible… if you’re spending on the right things. Get the full story.

Efforts to reduce the CMHC and taxpayers’ exposure to the risky mortgage market has paid off – the Crown corporation has reported it now covers only 50% of new residential mortgages. What does this mean for new borrowers?

Have an investment with a maturity date like a GIC? Be aware of automatic GIC renewals – you may find your money locked in for longer than you expect.

Are you in a spender-saver relationship? A new study finds money opposites are often attracted to one another – which isn’t always harmonious for their bank accounts. Here’s how you can avoid romantic money misunderstandings down the road.

When it comes to buying or selling cross-border properties, be wary.

Is an insured annuity a good fit for your guaranteed income plan in retirement? While providing greater returns than a GIC, there are pros and cons to be aware of.

Get answers to some of the most common questions about investing in a RRSP.

Looking to grow your rrsp savings at a faster pace? These three strategies can give your retirement fund a big boost.

Dispersing an estate can be a particularly tricky affair. Here are some ways you may be able to avoid conflict.

Pay nothing upfront, and only a small amount weekly or monthly – seems like a great deal for those big ticket household items, right? Well, as it turns out, rent to own retail models can cost you far more than your goods are worth. Here’s what you need to know.

Annuities are often described as life insurance in reverse. Here's what you need to know.

Reverse mortgages can be a costly way to use your home’s equity – but what about when they’re the only option? This dilemma was faced by our retiring couple case study. Read on to see how they addressed their income issue.

What are reverse mortgages and how do they work? Many baby boomers turn to this finance product to free home additional cash – but that debt comes at a price. Here’s what you need to know.

Smokers and life insurance: Do you have enough coverage? A UK-based study finds many don’t, leaving their families with financial challenges.

It’s a worst-case scenario: you required medical care while on vacation, and thought you were covered – but now your insurance won’t pay out. What are your options? From appealing your case to seeking out the help of an ombudsman, read on to learn more about your options.

Imagine – an in-depth critique of your driving with a touch of a button. Smartphone telematics apps are growing in popularity as more drivers try out UBI auto insurance. Read on to learn more about the options available in Canada.

Canadian drivers are slowly becoming more receptive to purchasing usage-based auto insurance policies, a Towers Watson report suggests.

Housing prices in Canada have been rising sharply for several years now- and those who bought in softer market conditions may have seen a tidy return on their home purchase. But is it possible to time the market and cash out of your home investment?

Home insurance increases 2014: Brutal flooding and ice storms prompt insurers to hike their premiums this year. Here’s what consumers need to know.

Missed RRSP deadline? Not to fear – you still have options for your retirement savings. Here’s how to get your contribution up to snuff for this tax year, and the next.

No one ever wants to think of losing their parents – much less plan around the concept. But taking a life insurance policy out on aging parents – with their consent, of course – can be an effective way to create tax-free retirement funds and help older parents leave a legacy.

Close to one-third of Canadians looking to finance the purchase of a new or used vehicle aren’t eligible for such prime interest financing, according to industry estimates.

The banking business may be heading into a period where Canadian bank profit and growth will start to slow.

The Canadian Federation of Students maintains the average debt – including loans from friends and family – for university graduates has climbed to $37,000.

If you’re in an accident, it’s important to not become a car insurance fraud victim. Here are 7 steps to take to ensure you haven’t been targeted, and protect your premiums from an increase.

Before you can talk to kids about having a healthy attitude toward money and what it means to earn it, you have to decide on your own values.

A common mistake made by first time home buyers is overlooking some types of home insurance coverage.

Is owning a home always better than renting? Will you really get a better deal out in the suburbs? Some home buying advice can do more harm than good. Here, we bust the top 4 home buying myths.

A common mistake made by first time home buyers is underestimating the additional costs of owning a home compared to renting – which can be an additional 40 per cent higher than mortgage payments alone.

Benefits fraud, when employees make false claims of medical services, can cost employers millions – and raise premiums for everyone else.

If you're planning on taking money out of an RRSP simply to pay some nagging bills, think again.

RRSPs are not always the no-brainer they’re advertised to be.

Is your RRSP beneficiary designation up to date? This detail is often forgotten but can hold big implications for loved ones in case of death.