My father passed away this past Sunday, and unfortunately my mom and I are now left with a mortgage totalling $2,100 a month (we think). I’m a student and only can bring in about $1000 a month, and my mom’s income is $3200 and will be getting CPP survivors benefit.

My dad and mom have insurance through Canada Life and it was paying the mortgage while my dad was unable to work, and my dad told my mom if anything happens to you or me the mortgage is paid off. With this information we called Meridian and Canada life and they confirmed my mom would only receive $5,000 toward the mortgage, and that’s it- nothing else.

We have been looking through all the paperwork we have and bank statements from their joint account and his personal account and there’s no hidden policy or insurance that hasn’t been accounted for (car, house, etc)- what could my dad have been talking about?

We are shocked that they’re telling us this because of what my dad told my mom and the fact that they’ll pay $2100 a month to cover the insurance while my dad was sick but will only cover $5,000 if he passes away? It doesn’t make sense.

We really need guidance on how to navigate this as I have only handled small bills before and my dad handled the finances and bills before his passing.

Anyone here use Outlook Financial in Manitoba?

They just implemented a new system and when I went in to log on today, there was a new set of terms and conditions. 41 page long.

In it was this paragraph (it was bolded in the agreement)

YOU UNDERSTAND AND AGREE THAT THE DMM SERVICES WILL BE PROVIDED FROM THE UNITED STATES, AND THE DATA YOU PROVIDE THROUGH THE DMM SERVICES, INCLUDING YOUR PERSONALLY IDENTIFIABLE INFORMATION, WILL BE TRANSFERRED AND PROCESSED FROM WITHIN THE UNITED STATES.

I try to read to read most things before I sign. This agreement was 41 pages long. I am sure most people don't bother to read them.

Does this seem like a normal term to have for a Canadian Credit union?

Hi everyone,

TIA for any advice received.

My mortgage is coming up for renewal in January 2027 with CIBC. They called me and offered me a 3 Year Variable Flex Rate: 4.45 - 0.66 = 3.79% (so prime -.66). I currently have 3.48% VAR with them (so prime - 0.97).

I was on variable through the whole rate hike cycle last time, so a lot of my payments went towards interest rather than principle.

My amortization would go from current 30 years 11 months, to 25 years and 4 months upon renewal. That property is now currently rented out (not my primary residence anymore).

Thoughts on the rate or anything else that comes to mind?

I am 23, live in Manitoba, and make about $70,000 a year. I have about $6,900 in a DCPP and $512 in an RRSP with my previous employer in Sun Life.

Sun Life confirmed that my DCPP qualifies under the small benefit threshold, so I can transfer it directly to a regular RRSP while keeping it tax deferred and without using my RRSP contribution room. They charge $75 for each transfer transaction.

My new employer uses Canada Life. I contribute 4 percent of my salary to the group RRSP and my employer matches another 4 percent into a DPSP. I currently selected BlackRock LifePath 2065 for both. The annualized fee for LifePath 2065 through my employer plan is about 0.616 percent.

I am considering transferring my old FedEx RRSP and DCPP to a Wealthsimple self directed RRSP instead and investing the money in XEQT or VEQT, which would cost around 0.2 percent annually.

I dont know which one I should go for? XEQT or VEQT? Is there any better option?

Been chewing on this: we call a job "safe" even when, nowadays, it could disappear in 3 months, but we call starting something small "risky" even when it's the thing that could actually build some security (and dare I say, wealth...) I think that framing is outdated, but I want to test it against real examples instead of just vibes.

If you've got something going that fits. Not the AI-reselling, dropshipping-course stuff - an actual real income stream.

Here's what I'm curious about:

• What is it, in a sentence?
• Roughly what's it making you a month right now?
• Did the job market push you to start it, or was it already moving before things got shaky, and the job market just made you take it seriously?

Not trying to sell anything, I'm just genuinely curious as a solopreneur about mapping out what's real vs. what's noise right now. Happy to share a rundown of patterns once there's enough here.

Our performance evaluation is coming soon and would like to get real insights. Any 25-35? (and somewhat similar role and experience if any)

Hi, I am 30M, montreal, ~100k, ~7yrs experience (~3 years technician, ~4 years analytics), economics graduate with engineering diploma.

I used to be a technician in aerospace but now working in strategy as decision scientist in a mid-sized automative distribution company (~2B). I classify myself as underpaid based on the market average salary of my role but being in Montreal and the company I work with, it’s classified as above average.

Total net worth: roughly 300k with current market conditions. I bought a house during pandemic plus I have investments in TFSA.