Credit card interest is the cost of borrowing money when you don’t pay off your full balance by the due date. It’s typically expressed as an Annual Percentage Rate (APR) and can vary by card type, issuer, or transaction.

A minimum payment is the smallest amount you must pay on your credit card by the due date to keep your account in good standing. It prevents late fees and credit damage, but leaves interest charges on the rest of your balance.

Knowing how to use credit cards wisely can save you money, boost your financial health, and make the banks work for you, instead of the other way around.

A credit card is a financial tool that lets you borrow money from a lender (usually a bank) to make purchases up to a set limit, with interest charged if you don’t pay in full by the due date.

Credit utilization is the percentage of your available credit that you're currently using. It’s a key factor in your credit score, and one of the easiest things you can improve quickly in order to increase your credit score.

A credit score is a three-digit number that represents your creditworthiness, or how likely you are to repay borrowed money. In Canada, credit scores typically range from 300 to 900. The higher your score, the better your credit profile looks to lenders.

Student loans are borrowed funds designed to help pay for post-secondary education, including tuition, books, and living costs.

A mortgage is a type of secured loan used to buy a home or other real estate.

A debt cycle is a repeated pattern of borrowing money, struggling to repay it, and borrowing again — often to cover previous debts or day-to-day expenses.

The main difference between secured and unsecured debt comes down to collateral — something of value that guarantees the loan.

Credit card debt is the unpaid balance you carry on your credit card after the billing cycle ends.

Debt consolidation is the process of combining multiple debts into a single new loan or payment. It’s often used to manage credit card debt, personal loans, or other high-interest balances.

Debt is money that you borrow and are legally obligated to repay — usually with interest.

A payday loan is a short-term, high-interest loan designed to help you cover urgent expenses until your next paycheck.

A Pension Adjustment (PA) is a value reported on your T4 tax slip that reflects the retirement benefits you earned through a workplace pension or deferred profit-sharing plan (DPSP) during the tax year.

Pension splitting is a tax strategy that allows married or common-law couples in Canada to split eligible pension income for tax purposes.

Knowing how much you’ve saved for retirement — and where it’s coming from — helps you plan your future with confidence.

When someone dies, what happens to their pension depends on the type of pension they had and whether they had a spouse, beneficiary, or estate listed.

An annuity pension is a financial product that turns a lump sum of money into a guaranteed stream of income for a set period — often for life.

A pension is a retirement income plan that provides regular payments to individuals after they stop working. It's designed to offer financial security in retirement by replacing a portion of your pre-retirement income.

Find the 2025 payment dates for CPP, QPP, OAS, and Public Service pensions in Canada. Stay organized with this easy-to-follow schedule.

The Quebec Pension Plan (QPP) is a public insurance plan that provides retirement, disability, and survivor benefits to eligible workers in Quebec.

The Guaranteed Income Supplement (GIS) is a tax-free monthly payment available to low-income seniors in Canada who receive Old Age Security (OAS).

Old Age Security (OAS) is a monthly pension paid by the Government of Canada to most Canadians aged 65 and older.

The Canada Pension Plan (CPP) is a government-run retirement income program that provides monthly payments to eligible Canadians.

A Pooled Registered Pension Plan (PRPP) is a type of retirement savings plan designed to make it easier for employees of small businesses and self-employed Canadians to save for retirement.

A Defined Contribution Pension Plan (DCPP) is a type of workplace retirement plan where you and your employer contribute a set amount to your individual retirement account.

A Defined Benefit Pension Plan (DBPP) is a workplace pension that provides you with a guaranteed monthly income for life after retirement.