Is A Group RRSP Considered Employee Benefits?
Is A Group RRSP Considered Employee Benefits? Employee benefits are pieces of an employment package that the employer gives the employees. These benefits often include insurance, educational assistance, childcare, health care or discounts on goods and services. Sometimes even stock options or a pension plan are offered. While some companies offer just one benefit package, […]
Five Things You Should Know About Registered Retirement Income Funds
Five Things You Should Know About Registered Retirement Income Funds Canadians often have many different investment options to choose from, but one of the essential pieces of the puzzle for many families is the Registered Retirement Income Fund(RRIF). What is a RRIF? An RRIF is when you convert your RRSP into an income-producing tool. These […]
Why you don’t need a professional certification in financial services
Why You Don’t Need a Professional Certification In Financial Services Professional certification is an essential milestone in anyone’s life. It may only validate your skills and is also another way to differentiate yourself from others, especially in the job market. However, when it comes to professional certifications in finance, do you need one to manage […]
Planning Your Financial independence
Planning Your Financial Independence Financial independence is the dream for most Canadians. Many people start to save, but then the pressure of running the household and other commitments gets in the way, and they end up spending their money and can never seem to get the financial footing they seek. To achieve financial independence, you […]
What should every Canadian Know about Your Will?
What Should Every Canadian Know About Your Will? Do you want to control the allocation of your property even after your death? Well, a will is an excellent way of achieving this. Creating a will is not a walk in the park. There are several things that every Canadian should know about a will. First […]
A better way of managing debt
Debt management: Budgets, Options, Consolidation, Creditors Debt management is a process typically spearheaded by a financial counselor who helps individuals who find themselves spiraling in debt, particularly unsecured debts such as credit card debt. By crafting a detailed debt management plan, the counselor can centralize all debts into a single, manageable monthly payment. Over time, […]
What is Family Economics
What is Family Economics? When people hear the term economics, they will probably connect it to economies of the world, countries or companies. The truth is, most Canadians hardly link economics to their own finances either. Understanding Family Economics Family economics represents the health of your personal financial life on one of the things you […]
Beneficiary inheritance
Beneficiary of inheritance: What to do, Pay debts, Canadian retirees are in the midst of the most significant intergenerational wealth transfer ever. As of 2012, the percentage of Canadian families who received inheritance stood at approximately 28% across all provinces in the country. Moreover, this number is only expected to grow. By 2030, an estimated […]
How To Handle Beneficiaries During Divorce
How To Handle Beneficiaries During Divorce? Major life events may prompt you to make necessary updates on your estate plans and life insurance. And, a divorce is no exception. In the process of dividing assets, ensuring your children adjust smoothly, and getting your life together as a single parent or grandparent, making necessary changes on […]
What to Consider When Picking Life Insurance Beneficiaries
What to Consider When Picking Life Insurance Beneficiaries Life insurance plays an important role in protecting your loved ones if something happens to you. Therefore, choosing the right beneficiary for your policy is one of the most important processes after securing the coverage. In the world of life insurance, the beneficiary is the one who […]
Return On Investment
Return On Investments in Canada What is ROI ? Return On Investment (ROI) is the measurement of how profitable an investment is. An ROI calculation should help evaluate the efficiency of an investment. By comparing how much you put into an investment versus what you earned from it, you can assess performance. Every investor […]
Individual Retirement Accounts In Canada
Individual Retirement Accounts In Canada What are Individual Retirement Accounts? Canada has many types of retirement accounts that are available. The most commonly discussed around the water cooler are the TFSA and RRSP. However, there are many more to note. You may even have one of these or end up with one in the future. […]
