…doesn’t give your family any other options for using the money. Benefit decreases over time – The benefit amount drops as the mortgage or loan is repaid. You pay the…
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Disability insurance basics
…you can save money on your premium by choosing a longer waiting period. 2. Payment period Some policies pay benefits for two or five years. Others continue to pay until…
Long-term care insurance basics
…for each day that you require care. This money is paid to you regardless of the actual cost of the care. However, some policies reimburse expenses rather than pay a…
Charitable donations
You can claim a federal and provincial non-refundable tax credit on your tax return when you or your spouse or common-law partner gives money or other property to a registered…
How credit cards work
…on money you borrow for purchases. Your credit card company treats these as 2 different kinds of balances. Grace period – This is the time you have to pay off the…
Rewards credit cards
…choices for how you use the money. 5. Are there special terms and conditions? Watch for limits on the amount of rewards you can receive or the length of time…
How to avoid holiday debt
…all the things you’ll spend money on over the holidays, such as gifts, cards, decorations, parties and food. Use this holiday budget worksheet as a guide. 2. Save before you…
Tips to keep your credit card safe
…made the switch yet from paper. This will probably also save you a little money each month, since most banks now charge for paper statements. 7. Know who to call…
Choosing an RESP provider
…cancel the plan? Is it easy to get your money out? Will you have to forfeit your earnings? Learn more about choosing an RESP provider. Who offers RESPs Take a…
Receiving regular payments
…The beneficiary can withdraw money from their RDSP at any time. These withdrawals are called disability assistance payments (DAPs). There are withdrawal rules for these payments. Lifetime disability assistance payments (LDAPs) The beneficiary…