Monthly Archives: April 2016

What is an Annuity?

An annuity is a investment product sold by financial institutions and in particular life Insurance companies. They are designed to work like a work pension plan, where they give a fixed payment for a period of time. They can be … Continue reading

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What is a Segregated Fund

What is a Segregated Fund? A Segregated Fund (also known as Seg Fund for short), is a type of investment fund administered by Canadian insurance companies in the form of individual, variable life insurance contracts offering certain guarantees to the … Continue reading

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Leaving a Work Pension Plan

Check out our video on what happens to your work registered pension plan when you leave your job for a new one with another employer.   Subscribe to our YouTube channel to get more useful tips on finances and your money.

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Annuity Settlement Option

There may be certain circumstances with your family situation where you might want to consider using an Annuity Settlement Option (ASO) with your beneficiary rather than leaving a lump sum payment to a family member when you pass away. An ASO allows you … Continue reading

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GICs vs GIAs

Many Canadians have money in GICs at the bank but they may not realize the benefits of opening a GIA (Guaranteed Investment Account) with a licensed life insurance advisor. What is a GIA? (link will take you to the Ivari website. … Continue reading

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Charitable Donations Tax Credit

We prepare income taxes for clients and a lot of people are not aware that charitable donations should all be claimed by one spouse. The other thing that we find is that people are not aware of what sort of … Continue reading

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