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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Trump’s social media company to trade on the Nasdaq Mar 26th

Trump Media & Technology Group, whose flagship product is social networking site Truth Social, will begin trading on the Nasdaq stock market on Tuesday. How much is Truth Social stock? Shareholders of Digital World Acquisition Corp., a publicly traded shell company, approved a deal to merg.... More »

Bank of Canada surprises with 100bp rate hike to tame inflation - Reuters Canada + MORE Jul 13th

Bank of Canada surprises with 100bp rate hike to tame inflation  Reuters CanadaBank of Canada hikes interest rate to 2.5%  CBC NewsDemand for N.B. homes stable despite interest rate hikes, say real estate agents  Global NewsBank of Canada’s major interest rate hike is.... More »

Should you sell stocks to simplify with an all-in-one ETF? Aug 12th

Ask MoneySense I have a mixed bag of stocks in my TFSA, RRSP, corporate trading account, and in my non-registered accounts. I am in my mid-50s and looking to simplify my portfolio. I would like to sell all positions within each account and deploy a 2 to 3 ETF portfolio. Am I able to sell off ever.... More »

Can you help your kids financially without compromising your retirement? + MORE Jul 8th

Ask MoneySense I’m 58 years old. I will retire in five to seven years. My RRSP, TFSA, defined benefit pension plan and a house are my financial properties. I plan to leave some of my wealth to my two children. How do I go about doing that and still retain my financial independence and dignity? .... More »

When and how to transfer an RESP for grandchildren + MORE Jul 15th

Ask MoneySense I’m the grandfather to two young boys. They are eight and six years old. I opened a joint RESP for both of them after the youngest was born. I will turn 75 years young this year and am in good health. However, I have recognized that one’s health is a fickle thing. The question tha.... 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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