Definition

Locked-in retirement account (LIRA)

An account that holds money moved out of a pension plan. You may use one if you are changing companies... Read Full Definition

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How to buy a mutual fund

…for how long you’ll be investing for. For example, a young investor potentially has many years to invest. But if you’re approaching retirement, you may need to get your money…

3 min read
Article

Your home as an investment

…financial plan could include selling your home in the future to build your retirement fund or grow your wealth. On this page you’ll find How could buying a home fit…

5 min read
Article

Helping your child buy their first home

…taking on debt to financially help your children. Make sure you are on track for your own retirement and other financial goals. If you want to help your child buy…

3 min read
Article

Create a balanced budget

…after paying your bills can be put towards savings. Consider short-term savings goals such as an emergency fund, as well as longer-term savings goals such as retirement planning. Review each…

3 min read
Article

When to review your budget

…You start a new education program. You move to a new home. You get married or divorced. You have a baby. You’re approaching retirement. You lose a loved one. What…

3 min read
Article

Medical and attendant care expenses

…for attendant care in your home or someone else’s home, a retirement home, a seniors home or other institution. The attendant must be age 18 or over and can’t be…

3 min read
Article

What to ask if you need to borrow money

Retirement Savings Plan (RRSP), you could get an RRSP loan as a way to contribute. Using an RRSP loan can ensure you contribute to your RRSP before the annual contribution…

8 min read
Article

Strategies to pay down debt

…If you are considering cutting monthly contributions to your retirement savings or other large investment goals, it may be better to continue with smaller contributions rather than none at all….

7 min read
Article

8 borrowing options

…first home or pay for education. However, when you borrow from your RRSP, the money you take out of the plan won’t be growing tax-free for your retirement and you…

3 min read
Article

Growing your savings with compound interest

…and exchange-traded funds (ETFs). If you hold any of these investments within a registered account like a registered retirement savings plan (RRSP) or tax-free savings account (TFSA) you may be…

3 min read
Showing results 101-110 of 125