…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…
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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…
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Helping your child buy their first home
…your tax return. Your child will also pay a surcharge if Canada Mortgage and Housing Corporation (CMHC) insurance is required. This is because part or all of the down payment…
6 reasons to open an RESP
…to defer their education plans after high school, they can still use the RESP money when they are ready to go back to school. But check the rules of your…
Choosing an RESP provider
The company that sets up your RESP is called the plan provider or promoter. RESPs from a financial institution — like a bank, trust company, credit union, caisses populaires or…
Getting the best service from financial advisors
…difficulty working with advisors. The Canadian Investment Regulatory Organization (CIRO) consolidates the operations of the Investment Industry Regulatory Organization of Canada (IIROC) and the Mutual Fund Dealers Association of Canada (MFDA). CIRO is a…