Tag Archives: money

5 Tips about Tax-Free Savings Accounts

The Tax-Free Savings Account was introduced in 2009. If you haven’t taken advantage of this wonderful savings tool please take a minute to learn more about how they work. Be careful not to over contribute If you were at least … Continue reading

Posted in General, Investments | Tagged , , | Leave a comment

Your Credit Score in Canada

Your Credit Score in Canada Your credit score is a judgment about your financial health, at a specific point in time. It indicates the risk you represent for lenders, compared with other consumers.  It can change from month to month … Continue reading

Posted in General | Tagged , , | Leave a comment

Saving Money on Life Insurance

Saving Money on Life Insurance You can save money on your life insurance coverage by working with a broker. Brokers have the ability to shop around to ensure that you are getting the best price available in Canada for your … Continue reading

Posted in General, Insurance | Tagged , , , , , | Leave a comment

Canada Pension Plan & Employment Insurance Paid Up Contributions

Depending on how much money you make each year, your Canada Pension Plan contributions and Employment Insurance contributions may be paid up in July or August each year. At this point, your take home pay is normally $115 more each … Continue reading

Posted in General | Tagged , , , , , | Leave a comment

The Rule of 72

Watch our short video on how the Rule of 72 works when trying to determine how long it takes for your money to double. Subscribe to our YouTube channel to get more useful tips on finances and your money

Posted in General | Tagged , , , | Leave a comment

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

Posted in General, Investments, Pension | Tagged , , , , , | Leave a comment

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

Posted in Insurance | Tagged , , , , , , , | Leave a comment

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.

Posted in General, Pension | Tagged , , , | Leave a comment

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

Posted in General, Insurance, Investments | Tagged , , , , | Leave a comment

Greeting Cards

Have you ever been in a store perusing the greeting cards and find one that you like only to turn it over to find out that the card costs $5.99? Or $8.99? I used to do that because I would … Continue reading

Posted in General | Tagged , , , , | Leave a comment