…as equities and real estate), typically provide better protection against inflation than others (such as GICs or bonds). Confirm your short-term goals in order of priority. If you are putting…
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The Investor Experience 2020
…– A new study by the Ontario Securities Commission (OSC) Investor Office found that the COVID-19 pandemic has increased stress levels when thinking about investments for 47% of Canadian retail…
How fraudsters take advantage of behavioural biases to promote their scams
…judgments to simplify decision-making process. Unfortunately, this can lead to unwanted outcomes, like having money taken in an investment scam. By understanding our behaviour and decision-making processes, we can better…
What is a GIA and how does it work?
…how interest rates move after your purchase. Some GIAs require a minimum deposit. Shop around for interest rates GIA rates are comparable to GIC rates, but they can fluctuate. Compare…
Choosing an RESP provider
The company that sets up your RESP is called the plan provider or promoter. RESPs from a financial institution — like a bank, trust company, credit union, caisses populaires or…
Other ways to get personal insurance coverage
…advantages of creditor insurance: 3 disadvantages of creditor insurance: Summary What are other types of personal insurance coverage? Personal insurance protects you and your loved ones from the financial consequences…
Five ways to find money to save
…deal. Many of us get in the habit of maintaining the status quo instead of finding a cheaper option, especially when it comes to monthly services like cellphone and internet…
Putting your financial plan into action
…Buying life insurance Preparing a will Starting an RRSP Starting an RESP Growing savings Starting a new business Reducing taxes The pre-retirement years Your expenses may start to go down,…
Kids and money: making sure the message hits home
…6. Use pictures and comparisons Some ideas lend themselves to images. You can also use comparisons to explain new ideas: “An RRSP is like a savings account but it’s to…
MISSING OUT: Millenials and the Market
…as well as the attitudes and priorities that are driving these decisions. Its findings will help inform the Ontario Securities Commission (OSC)’s activities, and point to avenues for more targeted…