Vol1.IS04

In this Personal Finance Digest Issue, we explore on the following topics: Building Credit Scores, Automatic Filing of Taxes and Accessing Benefits, Why Americans Got Richer, Canada Real Estate Market in Toronto and Vancouver and Managing Money and Debts.

1.) PERSONAL FINANCE: BUILDING CREDIT SCORES

Are you struggling to build your credit scores? Do you own your home or do you currently rent?

Those people who are in the market to buy a home - or planning to do so - must be aware that lenders look at credit scores before they could decide to provide mortgage financing to the borrowers. So, it is necessary that one is able to build good credit scores.

What if you have been renting for most of your life and you decide one day that you would like to finally own a home?

​What are your options so that you could get ready before you even obtain financing?

Here's good news about building credit scores for those who are currently renting. The following Financial Post article explore more on this news:
     "Canadians now have the option to build their credit scores via rent payments..."
     Landlord Credit Bureau CEO says move could significantly benefit some who have struggled to build credit scores
     Read more on Financial Post.

2.) PERSONAL FINANCE: FILING TAXES AND ACCESS MORE BENEFITS

Have you been missing out on a lot of benefits from the Canadian government simply because you skip filing your taxes?
     Did you know that there will be a new policy that will explore on a new, automatic tax filing system?
     The following CBC News article reports more on this: "Feds promise free, automatic tax returns — a change that could send benefits to thousands..."
    Read more on CBC News

3.) PERSONAL FINANCE: ECONOMICS

Americans got richer than ever during the pandemic, but Canadians haven’t followed suit...
     The reason for the apparent paradox, experts suggest, has more to do with economics than the epidemic itself.
     Read more on: Financial Post

4.) CANADA REAL ESTATE MARKET: TORONTO AND VANCOUVER

The latest real estate market news on Toronto and Vancouver...
     Toronto real estate poses bubble risk, while Vancouver homes are overvalued, UBS says
     Read more on Yahoo News

5.) PERSONAL FINANCE: DEBT AND MONEY MANAGEMENT

Canadians' debt remains at near record levels. Here are five ways to avoid a visit to the payday loan centre..
     Read more on Financial Post.