The fate of TFSAs upon death
In general, there are three potential outcomes when a TFSA accountholder dies, depending on the preparations made Tax-free Saving Accounts (TFSAs) were introduced just a…
Burden of Debt A Worry For Many Canadians
CIBC POLL FOUND ONE IN FOUR CANADIANS SAID PAYING OFF DEBT IS MORE IMPORTANT THAN BUILDING THEIR SAVINGS The burden of debt is top of…
A workplace pension could be worth three times an RRSP — yet only 37% of Canadians have one
A workplace pension could be worth three times an RRSP — yet only 37% of Canadians have one Jason Heath: Canada’s pension coverage lags G8…
Term life vs whole life insurance: which one to buy?
Having to consider your own mortality is a sensitive subject. It’s made even more complicated when you consider the financial well-being of your dependents. Luckily,…
Why whole life insurance is a bad investment
A while back I wrote about the mistakes I initially made when purchasing life insurance policies for myself and my wife, and one of the things I…
Survey challenges justification for DSCs and trailing commissions
Many investors receive little advice for the fees they pay Many mass-market and small investors paying for advice through commissions aren’t receiving basic financial planning…
What happens in Canada if a bank fails?
There’s a common misconception out there that Canadian banks and financial institutions aren’t susceptible to failures like we’ve seen in the United States and around…
Pay off your mortgage faster or invest?
High house prices have added some urgency to one of the oldest questions in personal finance, which is whether to make a priority of paying…
Seniors & Money
Running out of money before they die and not being able to pay for long term care top the list of financial fears of seniors,…
TFSA Holders Ultimately Liable For Any Tax On Day Trading In An Account
Issuers are only “joint and severally liable” to a point Tax-free savings account (TFSA) holders will now be ultimately liable for any tax owing on…