Wouldn’t’ it be nice to be living without any debt or financial liabilities? It would surely give someone a whole lot of peace of mind, particularly those who are nearing their retirement. Experts advise that it is generally best to go ahead and pay off your mortgage loans before retirement, but only after weighing […]
toronto personal finance
Your RRSP – Learn from the pros
Everybody wants your RRSP money. The problem is that they all have different ideas about where you should put it. The banks want you to invest in their GICs and mutual funds. Brokerage firms push self-directed accounts. Insurance companies tout the benefits of their segregated funds. What to do? Start by understanding that your […]
12 Tips for Buying a Car With Bad Credit
Your credit history plays a major role in getting approved for a car loan. Unfortunately, buying a car with bad credit is tough, even if you have the income and a stable job history. A history of late payments, high debt, bankruptcy, or repossession is a sign to the lender that you’e at risk […]
RRSPs a blind spot for nearly a third of young Canadians – survey
OTTAWA—Nearly a third of young Canadians admit they are “not at all knowledgeable” about retirement savings plans, according to a survey done for TD Bank. The report also suggested that a large proportion of those aged 18 to 33 are uninformed about what registered retirement savings plans can and cannot be used for. Only […]
BMO rolls out robo-adviser for tech-savvy investors
The Bank of Montreal has launched an online portfolio manager, making it the first of the big five Canadian banks to offer a “robo-adviser.” The SmartFolio service is a financial advice service that interacts with customers online, directing them to a portfolio of exchange-traded funds depending on their answers to its series of questions about […]
