…to keep in mind that trading rules and practices differ in some respects in Canada compared to other countries such as the United States. Differences in trading practices that are…
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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
…investments the fund holds and typically follow a set of rules around the types of investments they buy and sell to achieve their investment objectives. This means they have the…
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…
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…
Get your finances vacation ready
…and fees for museums or activities. Depending on your accommodation, you may have some meals or other expenses included already. Make a daily estimate before you start your trip and…
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 to choose a mortgage
…switch, make sure to check on: Setup fees with the new lender. Appraisal fee to confirm the value of your property. Other fees and application processes involved. Mortgage insurance premiums…
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…