…have a complex estate or are concerned about family conflicts, you might consider appointing an estates professional. This could be a lawyer or a trust company. Consider naming more than…
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Service expectations of financial advisors
…information about products and services Expected standardsBest practicesThe advisor gives you a general overview of the products and services they offer. The advisor provides you with a detailed explanation of…
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 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….
How power of attorney works
…states the conditions under which it takes effect. How do you choose a power of attorney? The most important decision you will make when preparing a power of attorney is…
Ways to contribute to an RRSP
…previous year. Under a defined contribution or deferred profit-sharing plan – your pension adjustment is the amount that you and your employer contributed to your plan account in the previous…
More complex ways to invest in stocks
…if the price drops, you make money by buying the shares back at the lower price and then returning them to your investment firm. But if the price rises, you’ll…
Mutual fund series
…mutual funds come with costs, such as one-time sales charges and ongoing management fees and expenses. Learn more about mutual fund fees. Understanding different mutual fund series Each mutual fund…
What to do if your tax return is reviewed or audited
…especially if you are self-employed or are paid in cash. The CRA compares taxpayers in similar businesses to see if anything stands out. It also sometimes tests a certain group of…
What to consider before borrowing against your home
…disadvantages of borrowing against your home? Using your home equity has some advantages and disadvantages compared to other forms of borrowing. It’s a good idea to consider the pros and…