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Have GICs become an investment choice to consider?

The lure of rising rates and market-linked returns Current 5-year GIC rates are being advertised as high as 3.50%. Given that most savings accounts offer much less than 1.00%, some investors have been wondering whether it’s time to move funds into GICs as part of...

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How to bring order to your personal financial chaos

Decide what you really, really want Around this time of year, many people are beset by doubts and anxieties about their financial situation – especially after the no-holds-barred holiday spending season. But don’t despair – there’s a way to bring order to your...

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School’s in session: time to break open the RESP

How RESPs pay out for post-secondary expenses If you have kids going off to college or university this fall, you’ll be tapping into any savings you’ve made through a Registered Education Savings Plan (RESP). But those payments aren’t treated like a bank account....

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The ABCs of RESPs

How to use RESPs to save for post-secondary schooling May and June bring thoughts of summer vacations, the end of the school year, and graduations. For many students, post-secondary education is only a few years away. And their parents are often worried they won’t...

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Are your savings safe?

What Canada Deposit Insurance covers…and what it doesn’t Are your savings safe? Given the recent run on deposits experienced by troubled Home Capital Group Inc., many people with large amounts of cash stashed in savings accounts, term deposits, and guaranteed...

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An important tutorial on RESPs

It’s a terrific tax shelter, but you have to know the rules If you’re considering opening a Registered Education Savings Plan (RESP) to help fund rising college costs, you might find the rules a bit complicated and information that seems to come from several...

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How a savings account eats up your money

Low, low rates mean you automatically lose Are you sitting on a large chunk of cash in a high-interest bank account? Maybe you thought it would be “safe” because you’re nervous about stocks and bonds. Plus, there’s deposit insurance, and it’s liquid. Well, you’re...

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RRSP or TFSA: Torn between two plans?

The good news is it’s not an either-or decision Many investors are torn between contributing to an RRSP and putting funds into a TFSA. Is one plan better than the other? In fact, both vehicles are excellent tax shelters, but each serves a different purpose. Here’s...

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Don’t neglect your RRSP!

Here’s what you can contribute to get a tax deduction We’ve heard much about the Trudeau Liberal government’s rollback of Tax-Free Savings Account contribution limits. We’ve haven’t heard so much about Registered Retirement Savings Plans (RRSPs). And that’s a good...

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IPPs for the maxed out and taxed out

Individual pension plans ideal for professionals, executives, business owners If you’re a high-bracket professional, executive, or businessperson, and you’ve maxed out your RRSP, you may be surprised to learn that there are other tax-efficient retirement plans...

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