Recently, the Federal government confirmed that investors could pay fees for registered accounts from outside the plan without incurring a penalty tax. So, should you pay your fees from outside or from within your RRSP account?
Cafe banking – where clients are invited to sit and chat about their financial needs – is a growing trend in Canada. Oaken Financial is the latest lender to introduce this model, and MoneyWise was invited for a sneak peek. Check out our review.
Have an investment with a maturity date like a GIC? Be aware of automatic GIC renewals – you may find your money locked in for longer than you expect.
Oaken Financial is a new GIC and savings brand introduced by Home Trust. Here’s a breakdown of the new brand’s investing services, interest rates, and the impact on current and new investors.
GICs are among the most stable (and in this interest environment, lucrative), investing vehicles on the market. Here’s why investors should include them in their portfolios, despite the currently well performing stock market.
Currently, many Canadian Baby Boomers rely on real estate to fund their retirement plan – a potentially risky move. Retirement can be funded through a variety of saving vehicles – read on to learn more about the payoff and risks associated with each one.
Tax-free? Is there such a thing? Apparently, there is. A Tax-Free Savings Account (TFSA) is a registered general-purpose savings vehicle with one goal in mind – to help you meet your long-term savings goals. The accounts are flexible, and allow you to earn tax-free investment income. Not only that, but they complement other savings plans, such as RRSPs and RESPs.