…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…
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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…
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…
Using annuities for other financial planning goals
On this page you’ll find 1. Money for your estate: An insured annuity 2. Money for charity: A charitable gift annuity In addition to providing a guaranteed income, annuities can…
4 ways to borrow to invest
…margin, you borrow money from your investment firm to pay for part of your investments. Margin investing is very risky — you could lose more money than you originally invested….
4 ways to borrow to invest
…margin, you borrow money from your investment firm to pay for part of your investments. Margin investing is very risky — you could lose more money than you originally invested….
Be cautious with celebrity endorsements
…member before sending money. Being cautious of high-pressure sales tactics. Not sending money or other forms of money to someone you haven’t met. Learning more about scams that use regenerative…
How to budget for charitable giving
…your money. Charitable giving can also help your household bottom line by reducing the amount of tax you pay, since charitable donations can be claimed as a tax credit. When…
Investing as a small business owner
As a small business owner, you work hard for your money and your money should work hard for you too. Here are some financial tips for your business and your…
How your investments are protected at financial institutions
When you deposit money in a bank, credit union or other financial institution, you want to know your money is safe. Canada has a well-regulated financial services sector. In the…