…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…
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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…
Financial steps for getting ready for retirement
…There are three commonly used savings plans for retirement funds: 1. Registered Retirement Savings Plan (RRSP) This registered account is typically used for investing but it can also hold savings deposits. An RRSP lets you…
Prepare for the unexpected
…bank accounts, investment accounts, and credit cards with details and contact information. Keep a copy of your latest account statement(s) in your information package. Estate documents Include a copy of…
What happens to your RRIF when you die
…for your RRIF. It’s an important part of estate planning. If your RRIF beneficiary is your spouse What happens to your RRIF depend on whether you name your spouse as…
How to manage money as a couple
…about 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…
Medical and attendant care expenses
If you’ve paid any medical expenses for yourself, spouse, and dependants the 12-month period of the current tax year, you can claim tax credits on your return. Learn more below…
Why we prefer to go with the flow instead of changing course
…day work week – The five day work week is a societal norm that we have come to accept. Many organizations stick with a five day work week despite emerging…
Eight common investment scams and how to spot them
…2. Crypto scams More fraudsters are using digital assets as part of their scams. As crypto assets are digital, and can be quickly exchanged between users, these types of currencies…
6 money tips for life in retirement
…Plan (CPP) payments, Old Age Security (OAS), or the Guaranteed Income Supplement (GIS). 2. Learn about tax credits Older Canadians may be able to use tax credits to reduce the…