Are you worried about the safety of your money in uncertain economic times? While Canada has a strong financial system, it’s essential to know what safety nets are available in case of a bank failure. Discover the measures in place to protect your hard-earned cash.
Posts by: Victor Todorovski, CFA®, CFP®
An Insured Annuity Strategy — Right for You?
Would you like the certainty of an income stream guaranteed for life with the ability to leave money to your heirs or charity? If so, then an insured annuity strategy may be right for you.
Renting your house or using it for business? Careful…
When you change the use of your home from business or income-earning purposes back to your principal residence, the Canada Revenue Agency (CRA) “deems” that you to have carried out a sale of your property.
Will My Variable Mortgage Payment Go Up?
As interest rates climb, you may be wondering whether the payment on your variable rate mortgage will increase. The answer to this question is — it depends.
How to Decide: RSP vs TFSA?
Are you wondering where to put your savings, and confused about which account works best between a registered retirement savings plan (RSP) and a tax-free savings account (TFSA)? When deciding whether to save with either or both accounts, consider the following…
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