Albert Einstein is said to have identified compound interest as mankind’s greatest invention. That story’s probably apocryphal, but it conveys a deep truth about the power of fiscal policy to change the world along with our daily lives. Civilization became possible only when Sumerians of the Bronze Age invented money. Today, economic issues influence every aspect of daily life. My job at Fortunly is an opportunity to analyze government policies and banking practices, sharing the results of my research in articles that can help you make better, smarter decisions for yourself and your family.
The Smith Maneuver is a strategy allowing homeowners to deduct interest paid on mortgage loans from their taxes.
The RESP is a long-term investment with tax breaks to encourage savings for a child’s post-secondary education.
This guide will walk you through the process and explain how to open a bank account in Canada without any hassle
Almost everyone has a credit card, and for most people, it’s their go-to source of credit.
A high-interest savings account serves as an excellent vehicle for accelerating your savings growth.
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