When I was growing up it was common to receive a Canada Savings Bond from a grandparent as a gift on your birthday or for grading. Since Canada Savings Bonds have been phased out, ...
Last week we answered the question, what happens to my RRIF when I die? That led to a question of a greater scope – what happens to my investments when I die?There’s no one size fi...
We wrote about Registered Retirement Income Funds (RRIF) in a previous blog post. Since a RRIF is supposed to act as an income stream for the rest of your life after retirement, on...
Last week we wrote about what happens to your shares if a company you’re invested in files for bankruptcy. That led to another question, what happens to the shares in a company if ...
During these times of economic turmoil one of our reader’s wondered what would happen to their shares if the company they’re invested in files for bankruptcy?The incredibly short a...
Many people are worried about their investments right now. Which led to one reader wondering if Canada Deposit Insurance Corporation (CDIC) covers investments. Before we answer tha...
During these turbulent economic times there have been some big shifts in the markets which have led exchanges to use circuit breakers. But what are circuit breakers and when are th...
We spent the last few weeks talking about LIRAs and LIFs. That left readers wondering about how they can access the funds in a locked-in retirement account. The word “locked-in” in...
Last week we explain locked-in retirement account, or LIRAs. You had some more questions around the withdrawal of funds from a LIRA which has led to today’s post on LIFs, or Life I...
A LIRA is a locked-in retirement account. It is an account which holds locked-in pension funds for former registered pension plan members.The best way to describe what a LIRA is us...
