In Canada, overdraft fees may apply when your account lacks funds to cover a purchase or withdrawal but your bank approves the transaction. Banks typically offer overdraft protection through either a monthly flat fee or a per-use fee, capped at $5 per transaction (plus interest). If you don’t have overdraft protection, you can end up...

In Canada, a “good credit” score is one that falls around the 660 and 724 range. This indicates you're a reliable borrower and qualifies you for desirable loan terms. In this article, we explore what impacts your credit with tips for boosting your credit score to unlock better financial opportunities.