…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….
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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. …
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 is affinity fraud?
…that they invest more money, or recruit friends and family as new investors. But the investment doesn’t exist, and the “interest cheques” are paid from the investors’ own money and…
How to choose a financial advisor
…money do you plan to invest? Some advisors only work with investors who have a lot of money to invest, say, at least $250,000. However, there are many advisors who…
Guaranteed minimum withdrawal benefit (GMWB) products
…deposit a lump sum of money In your pre-retirement years, say at age 55, you transfer money to the insurance company, either from your non-registered or registered plan savings, to…
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…
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…
Individual Pension Plans (IPPs)
…this page you’ll find Advantages of IPPs Disadvantages of IPPs Maximizing IPP benefits Funding IPPs for past service Advantages of IPPs Potential for greater tax-sheltered savings: The maximum contribution to…
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…