…Facts This is a user-friendly guide that provides key information about your mutual fund including fees and performance. Beginning May 30, 2016, mutual fund companies are required to give investors…
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How Registered Retirement Income Funds (RRIF) work
…are allowed under certain circumstances. You can open a RRIF with financial institutions such as banks and trust companies, credit unions and caisses populaires, insurance companies, mutual fund companies, and…
Saving for a down payment
…take to pay it back (the amortization period) You can get a mortgage from banks, credit unions, mortgage companies, insurance companies, trust and loan companies, or mortgage brokers. Shop around…
Deferred sales charges (DSC) and order-execution-only (OEO) trailer bans explained
…fund. The rate of the trailing commission is set by the fund company. The Canadian Securities Administrators (CSA) have imposed a ban on the payment of trailer fees to dealers that do not make…
4 Differences between ETFs and mutual funds
…Most mutual funds are typically managed by a portfolio manager who takes a hands-on approach to decide which investments the fund holds and typically follow a set of rules around…
AI-enhanced scams: risks and safeguards
…opportunities. Over 2,000 Canadian participants invested a hypothetical $10,000 across six investment opportunities in a simulated, social media environment. Investment opportunities promoted ETFs, cryptocurrencies, as well as investment advising services…
How the stock market works
…part of the company. Selling shares allows companies to raise capital to grow their business. Investors could make a profit if the value of the shares they purchase goes up….
Financial statement basics
…to pay varies parties such employees, suppliers, creditors to name a few. While the statement of profit or loss and other comprehensive income shows whether a company made a profit,…
How defined benefit pension plans work
…is completed, the plan will remain underfunded. Plan members and retirees may receive less than 100% of their promised pension. Pension protection fund Ontario is the only jurisdiction in Canada…
How to budget when you’ve started living on your own
…your expenses first, so you get a reality check of where your money is going. Sometimes just tracking expenses can be enough to begin finding places to make changes. The…