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Latest News
DC plans once you retire: What do you do with them? + MORE Jun 26th
Two questions, two experts share their answers on what to do with a defined contribution (DC) pension plan when Canadians retire.
What to do with a DC plan when you’re about to retire
Ask MoneySense
My husband has an DC RPP through an insurance company and will retire within the next year. .... More »
Pierre Poilievre pitches accountability legislation targeting Mark Carney Apr 13th
The proposal would update the current accountability act and raise fines for ethics violations, require candidates to disclose where they have paid taxes over the last seven years and require new ministers to disclose their assets within 30 days..... More »
120 days - 1.75% + MORE Sep 12th
This GIC rate is offered by Oaken Financial and was updated on 2014-06-06. Click on the link above to get more details or apply online..... More »
Here's how much you need to make to afford a home in Vancouver right now | Urbanized - Daily Hive + MORE Feb 2nd
Here's how much you need to make to afford a home in Vancouver right now | Urbanized Daily HiveCanada’s Real Estate Bubble Has Grown Over 800% Faster Than US Home Prices Better DwellingAverage BC home price will reach $1 million for the first time in 2022 | Urbanized &nb.... More »
Weekend Reading – Pembina dividend increase, more dividends, the downside of FIRE and more #moneystuff + MORE May 5th
Save, invest, prosper with My Own Advisor.
Weekend Reading – Pembina dividend increase, more dividends, the downside of FIRE and more #moneystuff Welcome to my latest Weekend Reading edition – where I share some of my favourite articles from the week that was across the personal finance and inve.... More »
New testing system for life-insurance agents draws complaints across the border
– canadianbusiness.com
WASHINGTON – A prominent American insurance company is sounding the alarm over changes to the testing system for new agents in Canada, warning that ordinary consumers could end up being harmed.
The new testing system could lead to higher costs, less agents, and less people buying life insurance, according to Primerica, which bills itself as the largest independent financial services marketing company in North America.
The company is upset the new national testing system will be administered by the stock-market regulator in Quebec, where there are significantly higher testing fees than other provinces.
It says Canadians already have less insurance coverage than most OECD countries, and Quebec is at the lower end of that range. It says the testing system to be implemented in 2016 will only make matters worse.
The company says any additional barrier to new licences will disproportionately affect working-class and immigrant communities, which it views as its target market. If less agents sign up for the tests from those communities, it says fewer people from those communities will buy insurance…
The new testing system could lead to higher costs, less agents, and less people buying life insurance, according to Primerica, which bills itself as the largest independent financial services marketing company in North America.
The company is upset the new national testing system will be administered by the stock-market regulator in Quebec, where there are significantly higher testing fees than other provinces.
It says Canadians already have less insurance coverage than most OECD countries, and Quebec is at the lower end of that range. It says the testing system to be implemented in 2016 will only make matters worse.
The company says any additional barrier to new licences will disproportionately affect working-class and immigrant communities, which it views as its target market. If less agents sign up for the tests from those communities, it says fewer people from those communities will buy insurance…
90 days – 1.60%
– ratesupermarket.ca
This GIC rate is offered by Oaken Financial and was updated on 2013-11-28. Click on the link above to get more details or apply online.
Weekend Reading – Money tips, mortgage freedom and more
– myownadvisor.ca
Welcome to your Weekend Reading list where I share some of my favourite articles from the week that was…even if this edition is a little later than usual.
Enjoy the rest of the May long weekend.
Money We Have has some great money tips.
Retire Happy shared some money tips.
Mr. CBB was mortgage free in 5 years. From his site, including quoting my site, “we eventually took advantage of the 20% mortgage pay down option each year and paid off $32,651 as a lump”.
Prairie Eco-Thrifter wondered if time is always money.
The Dividend Guy wondered if portfolio size matters.
Boomer & Echo had some good reads.
Michael James on Money said there is a cost that comes with the portfolio concentration of just 20 stocks.
Freedom Thirty Five Blog wrote about his covered call.
Big Cajun Man feels getting out of debt is your answer to many money questions.
Read about what some personal finance experts own as part of this LSM series here.
Thanks for reading. I encourage you to subscribe to my blog via email so you never miss a post…
Enjoy the rest of the May long weekend.
Money We Have has some great money tips.
Retire Happy shared some money tips.
Mr. CBB was mortgage free in 5 years. From his site, including quoting my site, “we eventually took advantage of the 20% mortgage pay down option each year and paid off $32,651 as a lump”.
Prairie Eco-Thrifter wondered if time is always money.
The Dividend Guy wondered if portfolio size matters.
Boomer & Echo had some good reads.
Michael James on Money said there is a cost that comes with the portfolio concentration of just 20 stocks.
Freedom Thirty Five Blog wrote about his covered call.
Big Cajun Man feels getting out of debt is your answer to many money questions.
Read about what some personal finance experts own as part of this LSM series here.
Thanks for reading. I encourage you to subscribe to my blog via email so you never miss a post…
120 days – 1.70%
– ratesupermarket.ca
This GIC rate is offered by Oaken Financial and was updated on 2013-11-28. Click on the link above to get more details or apply online.
A closer look at bond mutual funds
– thestar.com
Bond funds have two problems if held in non-registered accounts. Interest yields are low and you pay highest tax rate. Horizons offers ETF tax solution
