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What is EBITDA?  If you’re an entrepreneur or business owner, you may have heard the term ‘EBITDA’ before, but do you know the meaning of EBITDA? Either pronounced ‘eh-bit-dah’ or ‘ee-bit-dah’, the word is an acronym for the phrase, ‘Earnings Before Interest, Taxes, Depreciation and Amortization’. EBITDA is a financial metric that shows a company’s …

Continue reading “What is EBITDA and Why Should You Care?”

Saving for a down payment is an exciting first step to home ownership. Whether you’re saving for your first home or maybe a vacation property, here are 6 tips and tricks to help you save money for a down payment, understand what solutions work best for you, and how you can maximize your savings and get started on your journey to owning a home.

Become mortgage-free, sooner with these simple strategies.

A Home Equity Line of Credit is a line of credit secured to your home. Renovate your home or build your dream backyard. Get started today!

Considering buying your first home? Let Mainstreet help you navigate the process with our first-time home buyer guide!

The low interest rates we’ve all become accustomed to seem to have disappeared. Learn how to navigate the inflation pinch when it comes time to renew your mortgage.

Whether you’re thinking of starting or expanding your business, or simply looking for passive income, our Commercial and Agriculture team have outlined the priority documents that you’ll be asked for by your Financial Advisor and WHY, when preparing to buy a commercial property.

Looking to save for life’s next big moment? Take advantage of a Tax Free Savings Account – an easy way to earn while you save.

Planning for your dream retirement doesn’t have to be hard. Take advantage of an RRSP and reach your financial goals sooner.

Wondering if you are ready for retirement? Take the first step today to prepare for your journey of tomorrow.

An RDSP is a Registered Disability Savings Plan that is intended to help parents, guardians and qualifying participants save money for the welfare and financial well being of someone with a disability. 

Get the most out of our online banking service with the following top 10 tips and tricks.

You try to set aside money every paycheck for your savings but by the time you pay your bills, buy groceries, gas and go out for dinner a few times it feels like there is nothing left to save. Maybe it’s time to try a different approach.

When a child is born so many responsibilities come with raising this child. One thing that can easily be taken care of is their education. Opening an RESP (Registered Education Savings Plan) could be one of the smartest decisions that you will make.

Financial planning is so important for our future, yet many of us find it to be a difficult process with not understanding the necessary steps to take or how to wade through the financial jargon.

Annual financial planning with your financial advisor gives you the opportunity to review and update your goals and check-in on your progress to achieving them. It helps you reach financial goals that you want to achieve – short-term, mid-term and long-term.

Side hustles have become a popular way of supplementing income from a full or part time job, and they’re only getting more common during the Covid-19 pandemic. A good side hustle should be scalable, flexible, and well paying. Income can be used to pay-off debt, or put away more into savings, while doing something you love.

Whether you are just finishing high school, deciding to finally go back to school after an extended break, or maybe you are looking for a much-needed career change, Mainstreet has you covered.

Most homeowners come to a point in their life when they may want to downsize their home maybe because of their stage of life or becoming empty-nesters, wanting to retire in a new place, wanting less up-keep and space to maintain, wanting more financial freedom, and more.

Whether you are buying your first home, refinancing or renewing an existing mortgage, sometimes deciding whether to go with a fixed or variable rate mortgage can be confusing. Get help deciding if a fixed rate mortgage is right for you.

Are you having difficulty keeping up with multiple monthly credit card or loan payments? Do you have multiple credit card bills or loans to keep track of and pay on different dates? Learn how you can manage your credit card debts and payments.

If you have been searching and searching and haven’t yet found your dream home, building one from the ground up might be the right solution for you.

Buying a home can be a challenge. Learn about why you should get pre-approved before shopping for your first home.

Before making the difficult decision to skip your mortgage payment, weigh in on the short, and long term effects of skipping payments.

Investing in the markets isn’t always the right fit for everyone when it comes to deciding how you will save and grow your money over your lifetime. It’s important to do investment and financial planning with a trusted and qualified advisor.

Investing when you are young is hard to get excited about but the sooner you make it a priority to invest for retirement, the better. When time is on your side, it’s a huge ally.

Most Canadians can benefit from having a Registered Retirement Savings Plan (RRSP or RSP for short) and a Tax Free Savings Account (TFSA) — both are great tax-sheltered savings vehicles. Your circumstances and goals will determine how you allocate your resources.

The best time to invest for the long term is when you have the money available and free to be committed for an appropriate amount of time.

Look beyond the rate and see what other factors should be considered when moving forward with a mortgage.

2020 certainly has turned out to be a surprise for many investors. Ensure you remain in a position to prosper in the future.

Give yourself the confidence to endure during turbulent times to reap the rewards when markets recover and grow.

Whatever your income level, whatever your job, whatever your age, whatever your financial status, always have a goal and a way to reach it.

A TFSA is a registered all-purpose savings account that lets you to earn tax-free interest income to help you meet your savings goals.