…loss because of a drop in the market price of shares. The market price of shares varies frequently depending on demand and supply. Interest rate risk – The risk of losing money because of…
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What are the different types of exchange-traded funds (ETFs)?
…ETF differs from purchasing the underlying cryptocurrency directly because the ETF’s fund manager will usually engage in additional strategies to earn income for investors. Such strategies can include the use…
Growing your savings with compound interest
…return) along with the money you started out with. This is called compounding. Compounding works for both guaranteed and non-guaranteed investments. On this page you’ll find How compounding works Calculate…
Using trusts in estate planning
…depend on the intended use and your personal situation. 1. You have children from a previous marriage If you remarry, a trust can provide support for your spouse during their…
Creating a plan to reach your goals
…tools to help you explore your options Pay off credit cards and debt calculator Pay down debt or invest calculator RRSP savings calculator Take action Use this calculator to figure…
How to budget on a fluctuating income
…for people who do seasonal work, are self-employed, or who work in the gig economy. Others may have a combination of predictable and fluctuating incomes. This might involve working a…
How to manage financial stress and avoid burnout
…decisions about money to cope with stress, you might be putting your long-term financial health at risk. Financial stress can also cause burnout. If you’re having trouble sleeping because of…
How and why to insure your home
…snowblowers, tractors and farm equipment jewelry, silverware, artwork or furs collector’s items like baseball cards, comics, manuscripts or stamps guns and ammunition If you’re not sure how much your belongings…
Parents and tax
…Credit. Learn more by reading below. On this page you’ll find Canada Child Benefit (CCB) Child care expenses deduction Adoption Expense Tax Credit Saving for your child’s education in an…
Retirement Readiness: Canadians 50+
…plan: not enough Canadians have done any retirement planning. Get retirement advice: 9 out of 10 respondents felt financial advice in and approaching retirement would be useful. The most useful…