…the interest rate will be. To see how your money grows with compound interest for longer than 4 years, use compound interest calculator. How does compounding work for guaranteed investments?…
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Why does risk matter in investing?
…loss because of a drop in the market price of shares. The market price of shares varies frequently depending on demand and supply. Interest rate risk – The risk of losing money because of…
How to budget on a fluctuating income
…for people who do seasonal work, are self-employed, or who work in the gig economy. Others may have a combination of predictable and fluctuating incomes. This might involve working a…
Creating a plan to reach your goals
…tools to help you explore your options Pay off credit cards and debt calculator Pay down debt or invest calculator RRSP savings calculator Take action Use this calculator to figure…
How to manage financial stress and avoid burnout
…decisions about money to cope with stress, you might be putting your long-term financial health at risk. Financial stress can also cause burnout. If you’re having trouble sleeping because of…
How and why to insure your home
…snowblowers, tractors and farm equipment jewelry, silverware, artwork or furs collector’s items like baseball cards, comics, manuscripts or stamps guns and ammunition If you’re not sure how much your belongings…
Parents and tax
…Credit. Learn more by reading below. On this page you’ll find Canada Child Benefit (CCB) Child care expenses deduction Adoption Expense Tax Credit Saving for your child’s education in an…
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….
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…
Retirement Readiness: Canadians 50+
…plan: not enough Canadians have done any retirement planning. Get retirement advice: 9 out of 10 respondents felt financial advice in and approaching retirement would be useful. The most useful…