How to go about securing the best return for your investment in Canada.
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What’s the best way to pay down debt? + MORE Sep 2nd
As a Certified Financial Planner (CFP), a common question I hear from Canadians is how to better understand their debt. Questions like: How did I get here? What is the best approach to paying my debt off?
Many Canadians have debt of different amounts and for many different reasons. Common types .... More »
Performance Sports Group CEO swaps stock for cash amid uncertainty + MORE Sep 24th
Harlen Kent has also had his initial base salary doubled since becoming head of the company on June 20
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Five stocks with a dividend-growth catalyst + MORE Sep 27th
Companies that can increase their cash flow thanks to acquisitions often reward investors with a steadily rising payout
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BC government announces new wildfire prevention program focused on First Nations and local governments - Globalnews.ca + MORE Sep 11th
Globalnews.caBC government announces new wildfire prevention program focused on First Nations and local governmentsGlobalnews.caThe provincial government is boosting funding and scrapping cost-sharing requirements for local governments and First Nations to help reduce wildfire risks around their com.... More »
The best TD credit cards in Canada + MORE Nov 1st
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The best TD credit cards in Canada
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Norway’s sovereign wealth fund, built on off-shore oil reserves and valued at $1 trillion, is held up as a prime example of how such rainy day funds can succeed. But as more countries and states put money aside, there may be other lessons to note.
Pension withdrawals: Lump-sum vs. deferred payment
– moneysense.ca
(iStock)Q: I am about to make a decision on whether to take a lump-sum on my pension or a monthly amount. I have some other investments, but my thought was I did not want everything tied up in the markets in case markets took a dip. I thought a monthly amount might be best for my situation, but I may be wrong.—Bill
A: The biggest retirement decision that an employee can make is when to retire. The second biggest is what to do with their defined-benefit pension, if they have one.
Sometimes, the pension decision comes about because of retirement. In other cases, it’s due to a termination of employment or a company making a change to their pension plan for employees. Regardless, it’s not uncommon to be given a choice between taking a lump-sum payment in lieu of your future monthly pension (known as a commuted value) or otherwise taking your calculated monthly pension payment in retirement.
If you take a lump-sum, Bill, it can typically be transferred to a locked-in retirement account (LIRA), which is just like a regular RRSP with a few restrictions…
60 days – 1.75%
– ratesupermarket.ca
This GIC rate is offered by Oaken Financial and was updated on 2014-12-19. Click on the link above to get more details or apply online.
40 days – 2.75%
– ratesupermarket.ca
This GIC rate is offered by DUCA Financial Services and was updated on 0000-00-00. Click on the link above to get more details or apply online.
4.5 year – 2.50%
– ratesupermarket.ca
This GIC rate is offered by DUCA Financial Services and was updated on 2014-06-13. Click on the link above to get more details or apply online.
