…meet their investment objectives. For example, funds can borrow cash or short-sell securities or use derivative transactions. Use of leverage can increase the riskiness of the investment. Ask your financial…
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Steps to offering a financial lifeline
There are many reasons why someone might be struggling financially. Job loss, health challenges, or a sudden financial emergency could cause hardship, preventing someone from staying afloat. In times like…
What is a pension plan and how does it work?
…years. On this page you’ll find What is a pension plan? How do defined benefit (DB) pension plans work? How do defined contribution (DC) plans work? What is a workplace…
Grandparent scams and how to avoid them
…for gift cards or cryptocurrency like bitcoin). Scammers may say they urgently need cash from you because they are: Under arrest and need bail money to avoid jail time. Stuck…
Where to go if you have a concern or complaint
…advisors Insurance Mortgage brokers Consumer protection laws (door-to-door sales; home renovations…) Credit cards Ombudsman for Banking Services and Investments (OBSI) x x Ontario Securities Commission (OSC) …
Managing your finances solo
…might consider adding that to your to-do list. Your credit report (and credit score) contains information that can be used by lenders to determine your credit worthiness. This is especially…
How Registered Retirement Income Funds (RRIF) work
…based on your spouse’s age If you have a spouse who is younger than you, you can use their age to calculate the minimum amount you have to take out…
Growing your savings with compound interest
…return) along with the money you started out with. This is called compounding. Compounding works for both guaranteed and non-guaranteed investments. On this page you’ll find How compounding works Calculate…
How RESPs work
…up to 40 years for beneficiaries eligible for the disability tax credit. Use this RESP calculator to estimate how much you need to save each year for your child’s education….
Get your finances vacation ready
…lost property, you can sleep better knowing you’ve got funds to pay for it. Some credit cards also provide coverage for lost luggage, so it may help to check the…