Bank of Canada Governor Mark Carney says he’s concerned about levels of household debt, a sentiment echoed by two recent reports: one from TD Bank Financial Group and the other from the Certified General Accountants Association of Canada. Both paint a disturbing picture of Canadians’ growing indebtedness. TD warned that “the relentless rise in household [...]
Nearly two years after it was officially announced, the much-debated Harmonized Sales Tax (HST) will be the subject of a mail-in referendum on June 24. Official Elections BC referendum ballots are scheduled to arrive in homes across the province this week. The question is, “Are you in favour of extinguishing the HST (harmonized sales tax) [...]
Many working women in the UK are the main breadwinners for their families but they are also under-covered, under-pensioned and under-saving, research has shown. Roughly 44 per cent of women in the survey by protection specialist Bright Grey said they were responsible for making household financial decisions, but 16 per cent said they did not [...]
In its latest move to jump start the sluggish recovery, the Federal Reserve announced it will pump billions into the economy. The central bank will buy $600 billion in long-term Treasuries over the next eight months, the Fed said Wednesday. The Fed also announced it will reinvest an additional $250 billion to $300 billion in [...]
The price today of insuring a life, no matter how long it may last, has remained approximately the same for many years. Statistics Canada and similar agencies in other countries don’t observe the cost of life insurance in their national consumer price index. But insurers can point to several permanent life insurance policies that are [...]
Registered Retirement Income Funds (RRIFs) are designed to provide retirement income, ideally for life. Guaranteed Minumum Withdrawl Benefit (GMWB) products are one of the only RRIF products in Canada with the ability to provide guaranteed income for life! GUARANTEED RRIF PAYMENTS THAT LAST FOR LIFE GMWB presents RRIF clients with unique advantages: For a Single [...]
You’ve been building savings for your children’s education in a Registered Education Savings Plan (RESP) and now the time has come. The tuition bills are arriving and your kid is headed off to college or some other institution for a post-secondary education. It’s time to make some informed decisions on how you’re going to start [...]
This is a video from CBC Marketplace that does an excellent job of outlining many of the problems that the insurance industry is trying to educate Canadian consumers about … bottom line your bank issued mortgage insurance likely is not what you think it is. Part 1 of 3 : Part 2 of 3 : [...]
While there is little true humor in what has happened over the last 12-18 months in the stock markets and the economy there is something to be said for looking for the humor in life. Thanks to a friend of a friend I was turned on to the following video clip that was taken from [...]
Now there’s an investment solution to help manage the concerns and challenges you have for retirement – Guaranteed Minimum Surrender Benefit Funds. Predictable income guaranteed not to decrease no matter how investments perform* Sustainable income that will last for life* Potentially increasing guaranteed income to help keep pace with inflation The flexibility to change your [...]
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