…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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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…
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…
How the stock market works
…higher price than what you paid for them, or by receiving dividends. Both saving and investing are important. Investing can help you reach different types of goals than saving. Learn more…
Investing and saving during a recession
On this page you’ll find What is a recession? The effect of rising inflation How a recession can affect investing Ways to manage your saving and investing during a recession…
Inflation and your household budget
…aside money for a large purchase or an emergency fund, you may be able to continue your savings contributions at different amounts. Having a savings buffer will help you to…
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…