Insurance policy getting you down? There are always sound insurance alternatives.
Latest News
RRIF and LIF withdrawal rates: Everything you need to know Jun 25th
At some point, a registered retirement savings plan (RRSP) is typically converted to a registered retirement income fund (RRIF). The latest you can defer the conversion of your RRSP to a RRIF is the end of the year you turn 71. This means that by December 31 of your 71st year, you need to either wit.... More »
The biggest car insurance myths, according to experts Oct 31st
The auto insurance world is rife with misconceptions, experts say, and not knowing fact from fiction could end up costing drivers thousands of dollars.
There are several reasons why insurance myths exist, said Steven Harris, licensed insurance broker and LowestRates.ca expert. “(Insurance.... More »
Climate Change Is Influencing How Young People Invest Their Money Jul 11th
The climate crisis and its effects are front of mind for many Canadians. A recent Ipsos study found that 73 per cent of Canadians believe the world is headed towards environmental disaster, unless there’s an effective transition away from fossil fuels and a significant reduction in greenhouse gas .... More »
The best travel credit cards in Canada for 2025 + MORE Jun 9th
To be one of the best travel credit cards in Canada on our list, the card must combine strong earn rates with perks like lounge access, no foreign transaction fees and travel insurance coverage. We’ve compiled this list of the top cards in this category to help you get started.
Best travel cred.... More »
Attention, ESG investors: Canada’s biggest carbon-emitting public companies Jan 24th
The effects of climate change are a risk to Canadians and the Canadian economy in more ways than one. There are the direct issues, like fires, floods and storms, increasing in both frequency and intensity (plus threatening lives and homes, and raising home insurance premiums, too). There are financi.... More »
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…
