Definition

Locked-in retirement account (LIRA)

An account that holds money moved out of a pension plan. You may use one if you are changing companies... Read Full Definition

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Showing results 91-100 of 124
Article

Your Trusted Contact Person and why they matter

…more susceptible to financial exploitation and fraud. The OSC’s Profiles of Retirement survey found many Canadians are not preparing financially for the possibility of physical or cognitive decline. 42% of…

5 min read
Article

What is risk tolerance in investing?

…perform as expected. When you land your first full-time job and start saving for retirement, you may be able to accept more risk because you won’t need the money for…

5 min read
Article

OSC in the Community

…the Community events are free and available to all Ontarians, including consumer and investor groups, community groups, multicultural groups, newcomers, retirement communities, and clubs and associations. We partner with organizations and…

2 min read
Article

Hedge funds

…funds may be eligible for RRSPs and RRIFs, but that doesn’t make them a good choice for retirement savings. Hedge funds can be very risky. You should not invest in…

3 min read
Article

Questions to ask when buying mutual funds

…trying to balance risk and return more moderately could invest in a balanced mutual fund that buys a mix of stocks and bonds. An investor approaching retirement might be less…

8 min read
Article

Your home as an investment

…financial plan could include selling your home in the future to build your retirement fund or grow your wealth. On this page you’ll find How could buying a home fit…

5 min read
Article

Helping your child buy their first home

…taking on debt to financially help your children. Make sure you are on track for your own retirement and other financial goals. If you want to help your child buy…

3 min read
Article

Renting versus buying a home

…If renting a home is more realistic for you, then this also gives you some clarity. You can focus on other long-term goals such as saving for retirement, running a…

5 min read
Article

When to review your budget

…job. You start a new education program. You move to a new home. You get married or divorced. You have a baby. You’re approaching retirement. You lose a loved one….

3 min read
Article

Medical and attendant care expenses

…paid for attendant care in your home or someone else’s home, a retirement home, a seniors home or other institution. The attendant must be age 18 or over and can’t…

3 min read
Showing results 91-100 of 124