How Workplaces Can Combat ‘White Advantage’ to Better Support Black Employees + MORE Feb 9th

The “Big Five” Canadian banks offer investment funds and include Royal Bank of Canada, Toronto Dominion Bank (TD Canada Trust), Bank of Nova Scotia, Bank of Montreal and Canadian Imperial Bank of Commerce (CIBC). Let’s explore the best place for you to invest.
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Alberta Child and Family Benefit payment dates in 2025 Apr 15th

The Alberta Child and Family Benefit (ACFB) is a program administered by the Canada Revenue Agency (CRA) on behalf of the government of Alberta. The ACFB was introduced to assist lower-income and middle-income families with children under 18. Eligible families can receive direct financial assistance.... More »

Highest-income households saw investment gains while wages dropped for lower-income ones in 2024: StatCan - CTV News + MORE Apr 14th

Highest-income households saw investment gains while wages dropped for lower-income ones in 2024: StatCan  CTV News.... More »

Google didn't think its Bard AI was 'really ready' for a product yet, says Alphabet chairman, days after the chatbot's very public mistake tanked the company's stock - Yahoo Canada Finance Feb 14th

Google didn't think its Bard AI was 'really ready' for a product yet, says Alphabet chairman, days after the chatbot's very public mistake tanked the company's stock  Yahoo Canada FinanceAlphabet Chairman John Hennessy explains why Google was hesitant to put out its ChatGPT competitor .... More »

What to do if you went over your RRSP contribution limit Jun 19th

Ask MoneySense I overcontributed to my RRSP by accident, and I am looking for some advice on how to deal with it. I contributed $3,550 to my 2022 RRSP in October 2022. I then forgot I made this contribution and again in February 2023 I made a $3,550 contribution. What options to I have to address.... More »

Making sense of the markets this week: March 24, 2024 Mar 22nd

Kyle Prevost, creator of 4 Steps to a Worry-Free Retirement, Canada’s DIY retirement planning course, shares financial headlines and offers context for Canadian investors. Lower inflation clears runway for rate cuts Canadians dreading their spring and summer mortgage renewals got some good n.... More »
My stepfather left a will and a trust with my mom and brother as trustees. My stepfather raised me since I was five. Before he died, he told me he had a policy with my name on it, but my mom and brother won’t tell me. What could I do? Do I have rights?—Ladana

The details of a will and life insurance policy

My condolences on the loss of your stepfather, Ladana.

When someone dies, some or all of their assets may pass through their estate (the documentation of all the assets and property of someone). Some assets, like those held jointly or with named beneficiaries, may pass outside the estate of the deceased and directly to the joint survivor or to the beneficiary. Other estate assets get dealt with based on the deceased’s will or based on the provincial or territorial intestacy laws (for those who die without a will). 

What’s involved of distributing a life insurance policy

If a life insurance policy beneficiary is the “estate,” the proceeds will form part of the estate to be distributed by the executors…

Continue Reading On moneysense.ca »

After the murder of George Floyd in Minneapolis in 2020, and the global movement against anti-Black racism that followed, marketing strategist, podcaster and writer Stephen Dorsey found himself in what has become a common situation for many racialized people: His white friends and colleagues were reaching out to him to have conversations about how they could be allies to Black Canadians.

During these interactions, Dorsey found that some people were unfamiliar with the terminology like “anti-racist” that was being used in the media, and some would get defensive when they heard the term “white privilege.” So he came up with a new way to talk about it. Since “privilege” is often associated with class and wealth, Dorsey noticed those from varying socioeconomic backgrounds don’t always see themselves as having privilege in society—even if they’re white. As a way to help them and others understand their role in systems of oppression and discrimination, he decided to start using the term “white advantage” to refer to the systemic benefits white people have in society, from the justice system to housing…

Continue Reading On canadianbusiness.com »

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