Canadian regulators may soon force borrowers to qualify at interest rates two percentage points above the contract rate.

If you’ve tuned into the news today, you’ve probably heard that there are new mortgage rules coming into effect on January 1st, 2018.

Oftentimes people assume that housing is our single biggest expense, and although that was true in 1961, times have changed! According to research done by the Fraser Institute, last year the average Canadian family spent more on taxes than housing, food, and clothing combined.

Here is what you need to know about the latest moves by the federal government as it pertains to the tax code.