…assets or platforms. Celebrity faces: Just because you see a celebrity’s photo on promotional materials, it does not mean the famous face is knowledgeable or actually endorses the company. Unsolicited…
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Prepare for the unexpected
…of attorney for property to your professional advisors – legal, financial. Discuss your wishes with everyone present and ensure all conversations are properly documented so that your attorney and professionals…
How the First Home Savings Account (FHSA) works
…tied to income level No Yes No Account can hold savings or investments Yes Yes Yes Unused annual contributions carry forward to the next year Yes Yes Yes For first-time…
How to avoid holiday debt
…websites have last-minute sections that offer huge discounts on travel packages. You must be flexible on your dates, though, and there’s a chance no travel packages will be available. Your…
Reducing your estate costs
…is essential Joint ownership arrangements can be complicated. Get expert legal and tax advice before entering into one of these arrangements. 4. Preplan and prepay your funeral Preplanning and prepaying…
How annuities work
…and providers Compare costs and understand how they will affect your annuity income. This includes any up-front commissions or sales fees. Buy only from a strong life insurance company with…
What is a GIC and how does it work?
…GIC. Shop around for the best terms and rates. Understand the penalties if you redeem your GIC early. Decide what you want to do with your GIC before it matures.…
What are ways to borrow money for investing?
…could make a profit. However, this can be very risky. If your investment goes down in value, your losses will be greater. Consider these examples: Example 1: You invest $1,000…
Contributions and transfers
…end of the year in which the beneficiary turns age 59. Here’s what you need to know: If you are not the plan holder, you must have written permission from…
How do you help someone who was scammed?
…you interested in this?” might be helpful. These types of questions can help the person process the situation themselves, along with potential red flags or inconsistencies. Let them tell you…