
What is a broker? If you’re getting a mortgage, investing in shares, or opening a GIC, you need to know what a broker is and how they can help you.
Read articleWhat is a broker? If you’re getting a mortgage, investing in shares, or opening a GIC, you need to know what a broker is and how they can help you.
Read articleAlterna Bank is one of Canada’s most popular alternative banking institutions. This review provides more information about Alterna bank, with an in-depth analysis of their leading personal finance products.
Read articleMany of us can handle dip into our emergency fund or line of credit. Unfortunately, there are people that don’t have either option and they choose to get a payday loan instead.
Read articleGuaranteed Investment Certificates (GICs) are fairly popular in Canada. As an investing method, they’re among the lowest risk methods available in Canada. GICs are insured in their principal amount, as well as in the interest that they accrue. This makes them a solid option for investors with lower risk-tolerance profiles that prefer conservative, safe investment options. But how does a GIC work exactly?
Read articleIf you own a house or a car, there’s a good chance you also own insurance. Saving and investment accounts issued by banks also come with insurance, except it doesn’t cost you any money. This insurance is known as CDIC coverage. It is issued by a federal Crown corporation called the Canada Deposit Insurance Corporation.
Read articleWhen your TFSA and RRSP are maxed out and you’re looking to avoid penalties, try two trusty non-registered savings vehicles: high-interest savings accounts and guaranteed investment certificates (GICs). These savings tools don’t have any contribution limits or penalties. And they can help you keep your money safely saved while you wait for more contribution room to open up in your TFSA and RRSP on January 1st.
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