Search

Alterna - How Does a Balance Transfer Work? How Does a Balance Transfer Work? By Alterna Team January 24, 2022 Borrowing With forty-four percent of Canadians admitting to living paycheque to paycheque , the stress on Canadian families to make ends meet has only gotten worse in the past two years. For some, unexpected expenses have caused an increase in high-interest credit card debt. Compounding interest costs can be financially debilitating and to help relieve that stress, a balance transfer…

Alterna - Small Business Month Member Spotlight: Tony Colley, B12Give Inc. Small Business Month Member Spotlight: Tony Colley, B12Give Inc. By Alterna Team October 13, 2022 Small Business Tony Colley spent the first 16 years of his professional life working as a commercial portfolio manager for two major Canadian financial institutions. He then moved into the non-profit space where he developed funding strategies, cultivated partnerships and raised money for different organizations. In 2016,…

Alterna - Smart Spending: Balancing Life Enjoyment and Financial Success Smart Spending: Balancing Life Enjoyment and Financial Success By Alterna Team July 16, 2025 Financial Advice When your income grows, it opens new doors to enjoy life's pleasures. This exciting milestone also presents an opportunity to make mindful choices about how your spending aligns with your long-term dreams. This balance between enjoying today and building for tomorrow is at the heart of what financial experts call…

Alterna - Financial Life with a Second Marriage: Plan Your Future Wisely Financial Life with a Second Marriage: Plan Your Future Wisely By Alterna Team July 07, 2023 Life Events Entering a second marriage or common-law relationship is an exciting new chapter in life. You need to be open from the beginning to secure your financial future together. Approximately 26% of Canadians find themselves in a second marriage or common-law relationship; these relationships typically come with additional…

Alterna - Differences between TFSA, FHSA RRSP Registered Plans Differences between TFSA, FHSA & RRSP Overview Registered Plans RRSP TFSA RESP Not sure if a TFSA, RRSP, or FHSA is the best fit for your financial goals? We’ll guide you through the benefits of each option and how they can help you hit your #moneygoals! Spoiler alert: you can take advantage of more than one! TFSA FHSA RRSP Who’s eligible? Canadian residents aged 18+ Has Social Insurance Number (SIN) Canadian residents aged 18 to…

Alterna - Get Investment and Loan Ready Get Investment and Loan Ready By Alterna Team October 01, 2024 Small Business We recognize the drive and determination of small business owners and entrepreneurs who power the Canadian economy. Behind each of their inspiring stories lies a common challenge: navigating the maze of financial barriers. This is especially true for micro-entrepreneurs in Ontario, who often face hurdles in accessing the affordable financial services they need to thrive. Here,…

Alterna - Understanding the Key Factors of a Good Credit Score and Its Importance Understanding the Key Factors of a Good Credit Score and Its Importance By Alterna Team March 18, 2024 Borrowing In the realm of personal finance, few metrics wield as much influence as the credit score. It’s not just a number; it’s a reflection of your financial behaviour and responsibility. Whether you’re applying for a mortgage, car loan, or credit card, your credit score plays a pivotal role in determining…

Alterna - Financial Wellness for Nonprofits: Budgeting Best Practices Financial Wellness for Nonprofits: Budgeting Best Practices By Alterna Team November 14, 2024 Small Business In the nonprofit space, financial wellness supports every service your organization provides. It's about creating a financial pathway that upholds your mission and amplifies community work. Effectively managing your finances reflects your commitment to community service, with a purposeful budget serving as a blueprint …

Alterna - Get Approved for a Line of Credit or Loan Get Approved for a Line of Credit or Loan By Alterna Team January 24, 2022 Borrowing Anytime you ask a financial institution for funds, it can be intimidating and embarrassing if you don't have a clear picture of what your finances look like. Knowledge is power and informing yourself on what the process will look like for you is the first step towards getting approved for a loan or a line of credit. What is the difference between a loan and a …

Alterna - Pros and Cons of Term Deposits Pros and Cons of Term Deposits By Alterna Team February 07, 2022 Investing It’s easy to get overwhelmed by all of the options available to you to invest your money. Which ones make the most sense to suit your needs and your risk tolerance? If you’re risk adverse or looking to balance a higher-risk portfolio, a term deposit offers a great opportunity to invest your money and get guaranteed returns, with low risk. What are the benefits of a term deposit?…