…approach. Others may use a mix of DIY investing tactics and also use a financial advisor to manage some parts of their portfolio. DIY investing is not limited to a…
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How overconfidence bias may affect your financial decisions
…the most common behavioural biases. There are many examples of where you might notice it, including: Projects – Whether it be in school, at work, or around the house, people…
How bonds work
…the discounted value and the face value is your interest. Strip bonds usually offer a higher yield than regular bonds with the same term and credit rating. This is because…
Critical illness insurance basics
…your inability to return to work. Use the money for any purpose – The payment is made in a tax-free lump sum, and you can use the money any way…
Beyond the posts: How to evaluate investing information found on social media
…for investing information? How can you safely use online information to make investing decisions? What documents should you check before investing in a company? Summary What are the risks of…
Understanding real estate investments
…one property. Some of these investments are considered high risk. That is because some developers use syndicated mortgages to get funding for large real estate projects that may be considered…
What happens to your TFSA when you die?
…the spouse or common-law partner of the original TFSA holder. The successor holder then becomes the new holder of the TFSA account. The designated beneficiary may be the spouse or…
How RDSPs work
…be approved for the Disability Tax Credit to be the beneficiary of an RDSP. An RDSP can only have one beneficiary. The beneficiary must: Qualify for the Disability Tax Credit…
How savings accounts work
…account can be used for day-to-day transactions and paying bills. Your savings account can be used for putting money aside until you need it. You can open a savings account…
Kids and money: making sure the message hits home
…ability to grasp certain financial concepts will depend partly on their age. Use these learning stages to guide your approach. 3. Find and use key teaching opportunities Share information when…