Looking for Quick Payday Loans Without Faxing in Canada? Apply and get short term cash loan up to $1000.

 
  • Easy online application! Online application is easy to use that save your time and money, you’re five minutes away to solve your financial problem.
  • Fast loan approvals! Use the form to submit your loan application directly to the network of payday loan lenders to get instant approval online.
  • Easy, safe and hassle free! Yes, go ahead to apply from the comfort and privacy of your own home or office to get started the loan process and cure your financial headache.
 

Receive Fast Cash Get Approval For Your Loan Application Online Apply For Payday Loans Online

 
 
Online payday loans for Canadians offers quick and affordable cash advances with high approval rate through out Canada, select your province / territory to check the availability of cash lenders in your area to apply for a loan you deserve and to receive fast cash direct into your bank account!
This secure application is provided by T3Leads, please remember; payday loan is a "high cost short term credit". Warning: Late repayment can cause you serious money problems. eLoanCanada.com is not a lender and or consultant but an information site that offers resources and news about financial products and services available in the market - affiliate disclosure.

Tag: Guaranteed Income Supplement

Get To Know The Different Varieties Of Old Age Benefits Which You Can Get In Canada

Get To Know The Different Varieties Of Old Age Benefits Which You Can Get In CanadaOld age often seems to be a liability for any man or woman, as their regular earnings stop after their retirement from their jobs. So many people dread their old age and feel lost at the thought of their financial status at a ripe age of above 65. However, things are lot better for the senior citizens in Canada, due to the number of old age benefits provided by the federal government of this country.

Prominent financial benefits of the aged people in Canada

  • Old Age Security (OAS) is a monthly pension scheme for the senior citizens of Canada, who have crossed the age of 65. But they need to be born citizens of Canada or should reside here continuously for minimum 10 years, before they can apply for this benefit. If a Canadian citizen has been working in any other country for a Canadian employer, his/her residential status will be counted as legally eligible for granting OAS pension. Moreover, the Canadians working in the countries with which Canada has signed International Social Security Agreements are also eligible for getting this benefit after their retirements.
  • Guaranteed Income Supplement (GIS) is provided to the aged people in the age group of 60 to 64 years, who have very low income in spite of their spouse receiving OAS pension benefits. The widowed men and women in the same age group are also eligible to receive Allowance for the Survivor from the Canadian government. However, they need to apply for this benefit before or maximum within 12 months of turning 60; else as soon as their spouses pass away while they are still ageing between 60 – 64 years.
  • Canada Pension Plan (CPP) is a pension scheme that provides monthly payments to the retired Canadian citizens who have contributed to this scheme all through their working tenures in Canada. Usually, both the employers and the employees deposit money regularly to this fund of CPP, which are offered as pension credits to the retired people above the age of 60. The Canadians working in other countries may also apply for this pension benefit, if they were working in the countries with whom Canada has entered into International Social Security Agreement. As per this pension scheme, the aged people are offered not only retirement and survivor benefits; but also the disability and children’s benefits, in case of special circumstances of physical disability or the liability to raise young kids.
  • Home Adaptations for Senior’s Independence Program is intended to provide aids to the senior citizens of Canada for the renovations of their old residences, if they cannot financially afford to do it.

There are many more beneficial programs launched by the federal government of Canada for the aged citizens, among which the War Veterans Allowance, International Benefits Program and First Nations People are the notable ones. However, it is important for the elderly applicants to submit all the relevant documents to the concerned department of the government to avail the benefits of these financial programs.


Reverse Mortgage Canada Pros And Cons

Reverse Mortgage Canada Pros And ConsLooking to get a reverse mortgage? Reverse mortgage calculator may have shown you a nice financial benefits; in deed its one of a valuable retirement planning tool that can show you a great increase in your retirement income against your asset being as a homeowner, but you have to carefully compare the benefits against all the reverse mortgage downsides in relation to your personal financial situation.

What is a reverse mortgage in Canada? A reverse mortgage Canada is a secured loan that is designed for the senior homeowners aged 55 years, and older. A reverse mortgage is secured by the equity in the home, which is the difference between the value of your home and the unpaid balance of any current mortgage. It allows homeowners to obtain cash without having to sell their home. Homeowners may be able to borrow up to 55% of the current value of their home. The agreement is a “life-term” loan, which is a loan for either the lifetime of the owners or the life of the ownership of the home.

Reverse mortgages have got very attractive and convincing claims that are being used by marketing campaigns like; enjoy your financial freedom, borrow tax-free, obtain the money now, remain independent, and renovate your house while staying in your home, where your home will continue to appreciate in value. Never make your decision to get your reverse mortgage loan before exploring your other suitable options; shop around, compare the costs and study its impact on your life. Moreover, don’t forget to ask questions to your lender about reverse mortgages in light of your own personal financial position and other doubts you may have prior to taking the loan. Government of Canada have already written down about the important questions that you should ask your lender that would help you in making decision, the link to the page is provided at the bottom.

Before you make your decision to get a reverse mortgage, make sure you consider the advantages and disadvantages carefully; following are some of the pros and cons of reverse mortgage Canada:

Pros

  • You don’t have to make any regular loan payments
  • You may turn some of the value of your home into cash, without having to sell it
  • The money you borrow is a tax-free source of income
  • This income does not affect the Old-Age Security (OAS) or Guaranteed Income Supplement (GIS) benefits you may be getting
  • You still own your home
  • You can decide how to get the funds

Cons

  • Interest rates are higher than most other types of mortgages
  • The equity you hold in your home may go down as the interest on your loan adds up throughout the years
  • Your estate will have to repay the loan and interest in full within a set period of time when you die
  • The time needed to settle an estate can often be longer than the time allowed to repay a reverse mortgage
  • There may be less money in your estate to leave to your children or other beneficiaries
  • Costs associated with a reverse mortgage are usually quite high compared to a regular mortgage

To get more in depth and up-to-date knowledge of the subject you should consult the Government of Canada website; get all the information about the reverse mortgages Canada.

Save



Get Up To 50% Off Daily Deals Canada!

turbotax
Turbo Tax Canada is #1 Best Selling Tax Software in Canada!

Refresh Financial Canada
Save Money, Build Credit and Change Your Financial Future in Canada!

Canada Auto Finance - Canada Car Loans Get Approved For a Car, Truck, SUV or Minivan Loan at Canada Auto Finance Today!

Canadian Best Mortgage Rates
Compare Canadian Mortgage Rates From Banks and The Top Brokers Free!

Canada Foreclosures and Bank-Owned Homes at Massive Discounts
Canada Foreclosures and Bank-Owned Homes at Massive Discounts!

Meet Christian Singles!
Pay down your debt! These no annual fee credit cards can help you in reducing your credit card debt. Compare and find the best MBNA Canada credit cards of your choice:
MBNA Platinum Plus MasterCard
MBNA TrueLine MasterCard



  • Archives

  • Copyright © 1996-2010 eLoan Canada. All rights reserved.
    © eLoan Canada | Bad Credit Personal Loan Canada | Car Loan Canada | Free Stuff Canada
    iDream theme by Templates Next | Powered by WordPress