…a financial advisor? Money plays an important role in our life, whether you are saving for a down payment on a home, your children’s education, or your retirement. For many…
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Renting versus buying a home
…business, or saving for your children’s education. The cash flow calculator can give you a snapshot of where your money is going. And try setting a budget to keep…
How inflation affects your investments
…to the purchasing power of money. With inflation, the same amount of money will buy fewer goods and services over time. Prices can change for various reasons, such as supply…
What’s new at GetSmarterAboutMoney.ca?
…on the microphone to record your query. Saving, sharing and printing articles is now also even easier. Start exploring the new GetSmarterAboutMoney.ca — you’ll be glad you made the trip. …
Retirement Readiness: Canadians 50+
…in Ontario believe they will be worse off in retirement; nationally, this number is 40%. Nearly half (48%) of Ontario’s pre-retirees 50+ do not have a plan for retirement savings….
Opening an RESP
…on the plan offered by your provider. Investments that qualify for RESPs include savings accounts, GICs, Canada Savings Bonds, mutual funds, stocks and bonds. You may want to open a…
6 reasons to open an RESP
1. Government grants The federal government adds to your RESP savings each year through the Canada Education Savings Grant. Lower-income families may also qualify for the Canada Learning Bond. 2….
Questions to ask when buying mutual funds
…of reasons why adding mutual funds may make sense for your portfolio. Four main reasons are: 1.Built-in diversification When you buy a mutual fund, your money is combined with the…
8 borrowing options
…interest on the money you borrow. These interest charges can be high. 3. Personal loan You can get a term loan or line of credit from a bank, trust company,…
How to make a complaint to get your money back
Are you unhappy because of financial service or advice you received, and you believe you may have lost money? Do you believe you may have lost money due to poor…