Income Mobility In Canada: From Generation to Generation

Every parent’s dream is to see the next generation succeed even more than their own. And yet, among many Canadians entering adulthood, the expectation of being able to achieve some of the same milestones that their parents met is viewed with an increasing degree of cynicism. Can…

Is It OK to Be a Financial Pessimist?

The sun is finally starting to beam down in Progressa’s home city of Vancouver, and optimism is in the air – not just here in BC, but across Canada, where consumer confidence continues to rise in national survey results. And while there’s nothing wrong with…

Preparing for Tax Time in Canada

It’s never too early to get your information ready, your files organized, and your financial plan prepared for tax season. Tax time can be a stressful time: make sure you’re ready and aware of the following information in order to make sure you can avoid…

Developing Your Record Keeping Skills

It can be a lot of work keeping track of your financial obligations, but it’s worth the effort: you’re able to stay on time and on budget more easily and avoid paying penalties for late payments. The same goes for record keeping: if you’re about…

The Alternative Lending Survey By Progressa

Alternative lending is still relatively new to many financial consumers. Not to mention the fact that a large number of non-bank or alternative lending providers have entered the marketplace in the last several years. We’ve had lots of questions about the processes that make our…

Do Winter Blues Affect Finances, Too?

This morning, Bloomberg reported a decline in the overall personal finance confidence among Canadians. “Asked about their personal finances, Canadians are twice as likely to say it is worse than better than a year ago,” Nanos Research Group Chairman Nik Nanos said in the summary of the…

It Doesn’t Take “A Small Loan of a Million Dollars”

Though Progressa is proud of our Canadian roots and our part in growing the fintech community in Canada, we would be remiss not to take note of the ongoing political brouhaha coming to a head among our neighbours to the south. With Republican candidate Donald…

What To Do About a Canada Post Interruption?

News of a potential Canada Post work stoppage has been circulating for some time, and as each negotiation deadline approaches, businesses and consumers who depend on physical mail services are often left wondering what to do. One of the most important uses of the postal…

How a Financial Cheat Day Can Hurt Your Goals

When we set out to improve fitness goals and lose weight, the first thing we often think about is what kind of diet will help. Do we restrain calories? Carbohydrates? Fats? Sugar? How much, how little? And how to deal with the mental effort of…

Back To School: A Personal Finance Perspective

It’s hard to believe that we’re already approaching mid-August, but it’s almost time for the return to classes for the many students across all ages and levels of education. Returning to the school environment inevitably includes a slate of expenses. Primary and secondary students will…