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How to qualify for EI benefits in retirement in Canada Feb 21st
Ask MoneySense
I’m a 75-year-old male, working part-time and contributing to EI every two weeks; and have for 10 years.
I do have CPP and OAS income.
Do I qualify to collect EI benefits for a period of time if I retire this year? I’ve paid contributions for 10 years and now plan to ret.... More »
Is a vacation home a good investment? + MORE Sep 21st
The benefits of owning a vacation property are obvious. A cottage, cabin, condo or trailer a short drive from your home can provide a quick weekend recharge. A property down south can serve as a regular vacation destination or a winter home for a snowbird.
Sometimes, emotions are the motivat.... More »
Every mortgage calculator you will ever need Jun 13th
Owning a home can be a powerful wealth-building tool, but it can also be expensive when you account for mortgage payments, property taxes, insurance premiums, utilities and maintenance.
To get a clear picture of how a home purchase impacts your finances, you’ll need to determine how much you ca.... More »
CPP payment dates this year, and more to know about the Canada Pension Plan Aug 4th
In Canada, no retirement plan is complete without considering the CPP. Whether you’re approaching retirement or still several years away from it, the Canada Pension Plan will likely play a role in your retirement income. How big a role depends on several factors. You may have other questions, too..... More »
The best credit cards in Canada for 2024 Apr 5th
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The best credit cards in Canada for 2024
Whether you’re looking for rewards, low fees or valuable perks like travel insurance or airport lounge access, we can help.
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How to choose a financial advisor in Canada
– moneysense.ca
Do you know what to look for when choosing a financial advisor? This person will be giving you advice on important things like insurance, money management and investing, so it’s worth taking the time to screen candidates carefully before you hire a financial advisor.
The terms “financial advisor” and “financial planner” are often used interchangeably. Whichever you end up using, you’ll want someone who can help you create a detailed plan, one that makes sense for your needs and goals.
“How a doctor creates and shares their diagnosis is more important than the medication,” says Adam Chapman, a Certified Financial Planner (CFP) and founder of YESmoney in London, Ont. “If their diagnosis isn’t accurate, what they prescribe won’t help. The same goes for financial planners.”
With that in mind, here are some helpful ways to evaluate a potential financial advisor.
What type of advisor fits your needs?
Picking the right type of advisor is probably the most challenging part, according to Chapman…
