…40% would use investment income, while 36% plan to use their spouse’s pension plan and 24% intend to use money from selling or downsizing their homes. And pre-retirees were more…
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Homeowners and tax
…You or your spouse can claim the $10,000 Home buyers’ amount. The maximum credit is $1,500 ($10,000 x 15%, the lowest personal tax rate). To qualify: You or your spouse…
Saving for a down payment
…accounts can you use to save for a down payment? How does a mortgage work? Unless you’re able to pay for the whole price of the home you want to…
The costs of coming to Canada: Money management tips for new Canadians
…a home, a car loan, or a credit card, you need to show that you’re likely to pay the money back. Businesses look at your credit score – based on…
How annuities work
…higher the credit rating, the more likely it is in the opinion of the credit rating agency that a company will meet its payment obligations. Find out how long the…
Financial steps for getting ready for retirement
…or helping with a downpayment on a house for your children? Regular discussions with your financial advisor will help you adapt your retirement investment plans. Find out more about working…
Prepare for the unexpected
…ability to retrieve them quickly. Here is what to include: Financial assets List all your bank accounts, investment accounts, and credit cards with details and contact information. Keep a copy…
Investing in Mortgage Investment Entities
…a house, strip mall or a piece of land, but the MIE investor doesn’t own a piece of that land or house. These securities are often sold with the promise…
How to manage money as a couple
…finding what works best for you. Consider how these three approaches work. Joint accounts approach In this strategy, couples pool their resources into joint accounts and pay for expenses out…
Shedding light on dark patterns
…shown to negatively impact investor welfare. Dark patterns are a type of digital engagement practice that employ user interface choices to coerce, steer, and/or deceive users into making decisions that…