…any fees you paid over a specific period of time. The rate of return is often calculated annually. It’s important to know your rate of return because: It shows how…
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Social influencers and your finances
Just because someone has a lot of followers doesn’t mean their advice is right for you. Social media influencers are increasingly sharing information about investing. This can be done by…
Should you pay debt or invest?
…or financial gifts during a holiday. Use this calculator to help decide whether you should use it for investing, or pay down debt first. Pay down debt or invest calculator…
Calculate your RESP savings
Use this calculator to estimate your child’s future education costs, and compare with your planned RESP savings. Post-secondary education costs can add up quickly. When you’re saving for a goal…
Confirmation bias: A fundamental risk to your investing decisions
…This is because we tend to want our beliefs to be consistent and correct. Confirmation bias helps us accomplish this. It also simplifies information processing, which saves us time and…
Home equity as a source of retirement income survey
…value of a home or other property? To what extent and how will people pay off home-related debt during their retirement? In what ways are people willing to use their…
5 reasons to open an RRSP
…The sooner you start contributing to an RRSP, the more money you’ll have when it’s time to retire. That’s because of tax-free compounding. Take action Use this RRSP savings calculator…
How registration protects investors
…good advice or act ethically. Carefully choose who you invest with, and ask these questions. How to check registration and background Before you hire an advisor or dealer use these…
Behavioural insights: key concepts, applications, and regulatory considerations
…a medium return. What this means is that people’s investment decisions are often influenced by somewhat arbitrary data that are used as mental reference points. Status quo bias and inertia…
Opening an RESP when you’re not the child’s parent
…start contributing, the more time the RESP will have to grow interest. You can also use the RESP as a chance to teach the special young person in your life…