What is the CDIC?
Most people who buy Guaranteed Investment Certificates (GICs) understand that their money is protected by insurance but are unsure of the details. Here are some of the finer points of the Canadian...
Are Investment Fees Tax-Deductible?
The answer is, yes and no. It depends many factors, including the type of fee, the account it was charged on and to whom it was paid. Here are the qualifying characteristics of tax-deductible ...
Who Should Withdraw Their Pension?
Upon retirement or leaving a job, people with pension plans have the option to leave their employer-sponsored pension in place or withdraw the cash value and manage it themselves. This is a decision...
What’s Wrong With GICs?
Many financial advisors and banking representatives will steer their clients away from buying Guaranteed Investment Certificates (GICs) and recommend other investments instead. Often, these investments...
How to Stay Calm in Turbulent Markets
Investing in the stock markets can sometimes seem like an exercise in patience and nerves. Investors hate uncertainty and therefore, so do the stock markets. It’s normal and natural ...
TFSAs Are Good For Seniors
There are many benefits of having a Tax-Free Savings Account (TFSA). TFSAs allow money to grow tax-free and are suitable for all Canadians but may be especially important for seniors. Saving...