…on where you live. Sometimes renting can make more sense. Renting and owning each have advantages and disadvantages. It can be useful to compare differences between renting and owning a…
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Service expectations of financial advisors
…“gold star service” for each. Use this list when working with a financial advisor to ensure you get a level of service you deserve and are satisfied with. Service: Providing…
Indices and index funds
…an example of a passive investment strategy. Funds that use passive investment strategies generally have lower costs than funds that use active investment strategies, because the passive fund’s portfolio manager…
Guaranteed minimum withdrawal benefit (GMWB) products
…guaranteed amount. How GMWB products work GMWB products are offered by insurance companies and can have a variety of features. Here’s how a typical GMWB product might work: 1. You…
What is total cost reporting and how will it work?
…negotiated flat fee directly to their dealer or adviser. There are generally no trailing commissions on mutual funds used in these accounts because the advisor is being compensated based on…
Fraud Prevention Month
…scammer’s hands. Often these websites use a lot of jargon and have no contact details. 2 Celebrity faces: Just because you see a celebrity’s photo on promotional materials, it does…
RRSP and TFSA contributions
…your taxable income, but any Canadian can use a TFSA regardless of income level. RRSPs are primarily designed to help you save for retirement. TFSAs may be used for any…
Questions to ask when buying mutual funds
…investment that’s declining in value because there are no buyers. Credit risk Fixed income securities If a bond issuer can’t repay a bond, it may end up being a worthless…
Out of country travel medical insurance
…have this coverage through: a workplace group benefits plan, or a premium credit card that you use to book your travel. If you are not covered by either of these,…
Understanding non-GAAP financial measures
…accordance with a standardized accounting framework, and are typically unaudited, it is critical to understand the additional risks associated with these measures before considering them in your investment decisions. Why…