Do You Have the Right Life Insurance?

Oct 2009

Having adequate life insurance should be an important part of your financial planning. The type(s) you choose will depend on your needs and goals. [more]

Submitted by: Teena Dawson
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What Happens If Your Life Insurance Company Goes Bankrupt?

Apr 2009

Assuris is a not for profit organization that provides an industry funded protection plan to protect Canadian policyholders in the event that their life insurance company should fail. [more]

Author: Laura Woodger
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What Protects You if Your Investment Dealer Becomes Insolvent?

Mar 2009

In the event that your investment broker/dealer becomes bankrupt, the Canadian Investor Protection Fund (CIPF) will facilitate transferring your account (along with its associated assets) to a solvent firm. CIPF's primary role is to ensure your assets are transferred and that the associated costs are covered. [more]

Submitted by: Teena Dawson
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What happens to your savings if your bank or financial institution becomes bankrupt?

Feb 2009

It's important to be aware if your savings are covered.

If your money is invested in savings and chequing accounts, and/or term deposits such as Guaranteed Investment Certificates (GICs), it could be protected in the event of the failure of your bank or financial institution if it is a CDIC member. [more]

Submitted by: Teena Dawson
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With the new Tax-Free Savings Account (TFSA),
you pay no taxes on investment income - ever!

Dec 2008

Beginning on January 2, 2009, a registered savings account called a Tax-Free Savings Account (TFSA) provides residents age 18 and over from all income levels with a unique savings vehicle. [more]

Submitted by: Teena Dawson
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Are you financially fit?

May 2007

People spend a lot of time worrying about what they eat, how much they weigh and how healthy their hearts are. Over the past 55 years, a woman's life expectancy has increased by 17 years. While we are all now living longer and healthier lives, for many people, financial fitness still isn't a reality. Forty-five percent of single women 65 and older still live below the poverty line. And if that isn't frightening enough, many people are doubtful of chances of ever becoming financially fit. [more]

Author: Gail Vaz-Oxlade  See this article as PDF

RRSPs aren't just for Retirement

May 2007

There was a time when the only thing Registered Retirement Savings Plans were used for was retirement planning. Or so all the brochures said. "Never touch this money" the experts expounded. "An RRSP is a long-term investment" the specialists declared. But is it? [more]

Author: Gail Vaz-Oxlade  See this article as PDF