Arexl – Page 9 – arexl.com

Jun82026 by ArexlNo Comments

Top Credit Cards for Airport Lounge Access in Canada

CREDIT CARDS

Discovering Airport Lounges and Credit Card Access Options Airport lounges serve as serene oases amidst the chaotic atmosphere of busy terminals, offering relaxing seating, complimentary refreshments, and a chance to unwind before flights. In the past, these luxurious spaces were predominantly reserved for business class passengers or travelers with elite airline status. However, with the rise of credit cards, lounge access is now within reach for a wider array of travelers. Numerous Canadian credit cards provide lounge access as part of their benefits, including options for unlimited visits or a set number of free visits each year. When searching for a credit card that includes lounge access, it's essential to evaluate several factors: the types and quantity of lounges you can access, gue...

Jun82026 by ArexlNo Comments

Imported Article – 2026-06-08 13:24:31

INVESTING

If you're contemplating purchasing a condominium, you're likely curious aboutwhat is included in condo fees? In a broad sense, condo fees (also known as strata fees) typically encompass the costs associated with maintenance, amenities, and utilities. While some individuals may perceive these fees as excessive, it's essential to recognize that homeowners of freehold properties also incur maintenance expenses; the key difference is that they have control over when to allocate those funds. Understanding Condo Fees Condo fees represent a fixed, monthly obligation that every homeowner is required to meet. The specific amount is contingent upon the operational costs of the condominium corporation as well as the size of the unit you own. Generally, larger condominiums will incur higher fees. T...

Jun82026 by ArexlNo Comments

Comprehensive Guide to Canadas Registered Education Savings Plan (RESP)

PERSONAL FINANCE

Lately, I've been receiving numerous inquiries regarding the Registered Education Savings Plan, commonly referred to as RESP. It's no surprise that many of my friends are looking into RESP regulations, especially since many have recently welcomed children. In fact, one of my first actions after my daughter was born was to establish her RESP. Essentially, an RESP serves as a savings account designed to support your child’s educational expenses. To encourage saving, the government offers an RESP grant, which matches 20% of your contributions. Additionally, there are tax advantages tied to an RESP, making it the ideal method for saving towards your child's post-secondary education. Table of contents [show] Registered Education Savings Plan Rules...

Jun82026 by ArexlNo Comments

Motusbank Assessment

BANKING

Introducing motusbank! This innovative digital bank, a branch of Meridian, marks a significant development in the Canadian banking landscape. Meridian is recognized as one of the leading credit unions in Ontario and across Canada. Meridian has long provided exceptional financial products, including its renowned Meridian Visa Infinite Cash Back Card. With the launch of motusbank, they have ventured into the realm of digital banking. Beyond their diverse account offerings, what makes motusbank particularly intriguing are their personal loans and mortgage products. Discover more about what motusbank has to offer by reading my review! Rates for motusbank Accounts High Interest Savings Account – 1.30% Tax-Free Savings Account – 1.50% RRSP Savings Account – 1.30% No-Fee Chequing A...

Jun82026 by ArexlNo Comments

6 Essential Facts About Deposit Insurance in Canada

INVESTING

This article is a sponsored feature by the Canada Deposit Insurance Corporation (CDIC) and has been reviewed and approved by Moneywehave.com. Many individuals often inquire about what happens to their deposited funds in the event of a bank's failure. The reassuring news is that your deposits are insured up to $100,000 under the Canada Deposit Insurance Corporation (CDIC). To provide a clearer understanding of deposit insurance, I've collaborated closely with CDIC, who has crafted this informative guest article on safeguarding your money. We all strive to set aside funds for significant life goals—whether it's purchasing a home, financing our children's education, saving for retirement, or planning that dream vacation. We typically store these savings in banks and financial institutions t...

Jun82026 by ArexlNo Comments

Understanding Closing Costs in Canada

INVESTING

You might feel relieved when you receive the keys to your new property, believing you've covered all initial expenses. However, there are final fees to consider – known as closing costs. Here’s what you need to be aware of to avoid any unforeseen charges. Understanding Closing Costs in Canada Closing costs encompass various additional administrative and legal fees incurred at the conclusion of the home-buying journey. These costs are separate from your down payment and ongoing mortgage payments. Typically, you can expect these fees to range from 1.5% to 4% of your home's purchase price, which can represent a significant sum. To ease your anxiety, it's beneficial to familiarize yourself with these closing costs and anticipate how much each one may entail. Pre-Mortgage Expenses Before y...

Jun82026 by ArexlNo Comments

Maximizing BMO Rewards Points Guide

PERSONAL FINANCE

Recently, BMO Rewards has made notable strides with aggressive marketing campaigns aimed at attracting customers. For instance, they frequently waive the first year’s annual fee for customers who sign up for one of their credit cards. While this offer is enticing, the critical question remains: how valuable is BMO Rewards fundamentally? BMO Rewards does offer various features, but it also has several constraints. The point redemption system can be somewhat misleading. This doesn’t necessarily indicate a poor program; understanding its intricacies is essential for maximizing your points. This guide will outline the most effective ways to leverage BMO Rewards. Value of BMO Rewards Points To claim $1 in travel, you need to redeem 150 BMO Rewards points, valuing each point at approximately ...

Jun82026 by ArexlNo Comments

BMO Rewards: Maximizing Your Points

PERSONAL FINANCE

Recently, BMO Rewards has ramped up its marketing efforts, often providing customers the opportunity to enjoy some of their credit cards free for the initial year. The appeal of waiving the annual fee for a premium travel credit card is evident, but how does the BMO Rewards program stack up? BMO Rewards includes several program features, but it does come with its limitations. Additionally, the process for redeeming points can be somewhat misleading. This isn't to say the program is ineffective; understanding its intricacies allows you to fully leverage your rewards. In this guide, we’ll delve into how you can maximize your benefits with BMO Rewards. Value of BMO Rewards Points To acquire $1 in travel, you need to spend 150 BMO Rewards points, translating to a value of about 0.67 cents p...

Jun82026 by ArexlNo Comments

Motive Financial Evaluation

BANKING

Motive Financial is the digital banking arm of Canadian Western Bank (CWB). Initially launched in 2008 under the name Canadian Direct Financial, the platform underwent a rebranding in 2017, emerging as Motive Financial. Being exclusively an online bank allows Motive Financial to provide a variety of account options with competitive interest rates. If you are comfortable managing your banking online using a laptop, smartphone, or tablet, then Motive Financial could be a suitable option for your banking requirements. Read on for my review of Motive Financial and discover the reasons why. Account Rates at Motive Financial Motive Savings Account – 0.75% for balances up to $5,000,000.01, and 0.50% thereafter Motive Savvy Savings Account – 1.25% Motive RSP Savings Account – 0.25% up to $2,...

Jun82026 by ArexlNo Comments

Understanding the Tax

INVESTING

Understanding the Tax-Free First Home Savings Account (FHSA) - The FHSA is an innovative financial solution introduced in the 2022 federal budget, which will be accessible to Canadians starting in 2023. This account aims to assist first-time homebuyers by merging the tax advantages found in both a Tax-Free Savings Account (TFSA) and a Registered Retirement Savings Plan (RRSP). What is the First Home Savings Account? The First Home Savings Account is a government initiative designed to support Canadians in acquiring their first home. Participants can save a maximum of $40,000 specifically for the purchase of a single-family residence, with a yearly contribution limit set at $8,000. Any contribution not utilized can be carried over to future years, similar to the operation of TFSAs and RRS...