Tag Archives: Savings

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

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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

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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

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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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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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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

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Tax Free Savings Account

In 2009 the Canadian Government announced that any Canadian 18 years of age or older can put $5000 into a Tax Free Savings Account.  You are not taxed on any of the growth that this account makes.  You do not … Continue reading

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