Everybody knows that Canadian winters are a brutal experience, and that’s why thousands of Canadians hang up their parkas every year to enjoy sunny locales abroad. If that sounds like you, here are just a few of the ways you can properly prepare for your winter getaway. Book Your Flight and Destinations Early You can…
Category: Savings & Investments
Planning for the Unexpected
In life, it’s a bit of a given that we’re going to face some rough patches. I guess that’s why they say: “Into each life a little rain must fall”. Whether it’s an unexpectedly long patch of unemployment, an injury or long term disability that keeps you from working, or even just an extraordinary number…
Financial Literacy – Saving and Investing (Part 3)
We’ve looked at Term Deposits and RSPs and some of the features of each that you should consider when choosing how to handle your savings and investments. Today, we’ll zero in on Tax Free Savings Accounts and how financial planners can assist you in choosing the investments that are best for you. Tax Free Savings…
Financial Literacy – Saving and Investing (Part 2)
Welcome back! Last week we discussed Term Deposits and how to choose which one is best for you and your needs while still allowing you to earn some interest. This week, we’ll look at the ins and outs of Retirement Savings Plans. Retirement Savings Plan (RSP) A retirement savings plan is money you put away…
Financial Literacy – Saving and Investing (Part 1)
So, you finally have more than two nickels to rub together, now what the heck should you do with it? There are a lot of options out there, and financial institutions like Encompass Credit Union, will pay you to put your money in their institution. What? They just pay you? Yep. Simple savings accounts don’t…
What is Responsible Investing?
Investment management firms that are committed to Responsible Investing will try and help clients grow wealth while advancing the Environmental, Social, and Governance (ESG) performance of publicly-traded companies. Responsible Investing seeks to generate sustainable value for investors, shareholders, for other company stakeholders and for society as a whole. This type of investing has been around…
What is a Registered Disability Savings Plan?
The Registered Disability Savings Plan (RDSP) was designed to help people with disabilities to build long-term financial security. There are a distinct set of financial challenges that people with disabilities and their loved ones must overcome. This plan was first introduced by the Government of Canada in 2008 and makes it easier to accumulate funds…
How to Budget For Your Next Family Vacation
No two words conjure up more joy than “family vacation”! It’s the perfect chance to sneak away from the office and pull the kids out of class for some good old family fun. Before you start checking out maps and booking your plane tickets, you need to put a plan into play. Here are the…
What are the Benefits of Purchasing a Mutual Fund?
A mutual fund is a pooled investment that allows a large number of investors to purchase a portion of a fund, which is known as a unit. These assets collected from the investors are then used by a professional money manager to purchase stocks, bonds, and other types of securities. The mutual fund’s investment objective…
Active Saving Can Help With Your Financial Well-Being
It’s always a good time to set some financial goals and we can help that happen. The financial Consumer Agency of Canada (FCAC) recently reported that, from a recent survey of financial well-being in Canada, Canadians who practice active saving behaviours have much higher resilience as well as higher levels of financial well-being. Captain Obvious…
