…An investment fund must disclose the investment strategies used to achieve its investment objectives in its prospectus. This includes describing the type(s) of strategies used to achieve ESG targets (for…
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Long-haul scammers: Fraudsters who invest time to take your money
…This may go on for weeks or months before the topic of money comes up. The scammer could use what they know about the victim’s life — their financial dreams,…
Making RRSP withdrawals before and after you retire
…money from your RRSP. Once the RRIF is set up, you can’t contribute any more to the plan. Because RRIFs are tax-sheltered, like RRSPs, you can choose to hold investments…
When to review your plan
…retirement lifestyle Early retirement years You may want to work less and pursue interests like travel, volunteer work or part-time work. Starting a new business Turning your retirement savings and…
How to know when it’s time to change your financial advisor
…why your current advisor relationship isn’t working out. Consider if this is something that you’ve been thinking about for a while, or due to something more sudden. For example, you…
8 questions to ask an advisor
…clients like me? How long have you worked with most of your clients? What results have you achieved for clients like me? May I contact a few clients you’ve worked…
10 reasons to read the notes to financial statements
…such as: terms on outstanding debt (e.g., interest rates, repayment periods, conversion features) access to unused credit (e.g., lines of credit) assets pledged as security how the recorded debt amount…
How your investments are protected at financial institutions
When you deposit money in a bank, credit union or other financial institution, you want to know your money is safe. Canada has a well-regulated financial services sector. In the…
Understanding key features in banks’ debt and preferred share offerings
…NVCCs Lower credit ratings. Because of their hybrid structure, NVCCs have lower credit ratings than otherwise identical preferred or subordinated securities that do not have a risk of equity conversion….
How to avoid tax penalties and fees
…benefits such as the GST/HST credit or Canada Child Benefit. You can find information about your tax return and benefits in your CRA MyAccount. If you have not signed up…