…started saving for retirement of any age group. The study, published as part of the OSC’s activities for Financial Literacy Month, covered several topics, including: Retirement preparedness Younger Canadians are…
Here’s what I found on "Saving Money"
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Calculate your RRSP savings
Your retirement income can come from a variety of different sources, including your Registered Retirement Savings Plan (RRSP). Knowing how much income you can expect to have from your RRSP…
How defined benefit pension plans work
…the contributions. This is to ensure there’s enough money to pay the future pensions for all plan members. If there’s a shortfall in the money needed, your employer must pay…
Service expectations of financial advisors
…how much money you can make from investing, the advisor explains what can be reasonably achieved. In addition to specific goals about the money you plan to invest, the advisor…
The risk-return relationship
…a greater chance you could lose some or all of your money. GICs and bank deposits carry low risk because they are backed by large financial institutions. With GICs and…
Helping your child buy their first home
…your child the money Decide how much interest you want to charge. For example, you could charge the same or a higher rate of interest than what the money would earn…
Steps to offering a financial lifeline
…And wanting to help is human nature. But relationships can be complicated, particularly when money is involved. If a friend or family member asks you for money, you should review…
What happens to your RRIF when you die
…a grandchild Summary Why naming a beneficiary for your RRIF matters What happens to the money in your Registered Retirement Income Fund (RRIF) after your death – and the taxes…
Spotting fakes and verifying legitimate websites
Fake websites are created by fraudsters to fool victims into believing these companies are legitimate investment firms. Protect your money and make more informed investment decisions by learning how to…
The many faces of financial elder abuse
…hesitate to ask questions or to insist on taking time to consult with someone you trust. Don’t be coerced into lending money; and if its money you are willing to…