The “Big Five” Canadian banks include Royal Bank of Canada, Toronto Dominion Bank (TD Canada Trust), Bank of Nova Scotia, Bank of Montreal and Canadian Imperial Bank of Commerce (CIBC). Are there other viable options?
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The best high-interest savings accounts in Canada for 2025 + MORE Aug 18th
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Find the best and most up-to-date savings rates in Canada using the comparison tool below. Plus, use the filters to assess your estimated return based on the size of your balance.
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Find the best credit cards without impacting your score May 24th
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Should you get that promo rate? Check out the fine print first Dec 17th
Some banks entice Canadians to open new accounts with the offer of a high but short-lived promotional interest rate. A generous interest rate might catch your eye, but there are a few things you should ask yourself before you sign up for a new chequing or savings account.
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Canada’s best rewards credit cards for 2023 Jun 17th
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The 10 best rewards credit cards in Canada for 2023
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The best GIC rates in Canada for 2025 Jan 28th
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Self-Employed but Need a Loan? 7 Things You Need to Know
– ratesupermarket.ca
Being self-employed has its pros and cons: you may have a more flexible schedule, but you also have a lot more responsibility, especially when it comes to managing your own finances.
According to Statistics Canada, 2.76 million people were self-employed in 2016. And with the swelling ranks of the self-employed, you’ll likely find many lenders are weary of handing out money to those who don’t fit their idea of the “perfect borrower” with a steady, predictable income. Banks and lenders are not always too fond of risk, so as a self-employed borrower, you’re going to have to convince them that lending to you isn’t as risky as it seems, and that you can pay your debts on time.
Maybe you’re looking to refinance credit card debt with a personal loan or trying to get a mortgage – here are some things you should know about qualifying for a loan when you’re self-employed.
1. Apply before you quit your day job
First and foremost, if you still have a 9-to-5 job, you may want to apply for refinancing or that personal loan or that auto loan or that mortgage before leaving your current position…
Self-Employed but Need a Loan? 7 Things You Need to Know
– ratesupermarket.ca
Being self-employed has its pros and cons: you may have a more flexible schedule, but you also have a lot more responsibility, especially when it comes to managing your own finances.
According to Statistics Canada, 2.76 million people were self-employed in 2016. And with the swelling ranks of the self-employed, you’ll likely find many lenders are weary of handing out money to those who don’t fit their idea of the “perfect borrower” with a steady, predictable income. Banks and lenders are not always too fond of risk, so as a self-employed borrower, you’re going to have to convince them that lending to you isn’t as risky as it seems, and that you can pay your debts on time.
Maybe you’re looking to refinance credit card debt with a personal loan or trying to get a mortgage – here are some things you should know about qualifying for a loan when you’re self-employed.
1. Apply before you quit your day job
First and foremost, if you still have a 9-to-5 job, you may want to apply for refinancing or that personal loan or that auto loan or that mortgage before leaving your current position…
