Individual vs. joint investment accounts: What every couple should know Oct 16th

There are more investment options in Canada than you can shake a stick at! Stay on top of the best returns right here.
Latest News

Trump plan to cap credit card costs hits bank shares - BBC Jan 12th

Trump plan to cap credit card costs hits bank shares  BBCWhy Synchrony Financial (SYF) Shares Are Plunging Today  The Globe and MailWall Street ticks to records after shaking off worries about Trump’s feud with the Fed  BNN BloombergTrump’s credit card plan revives .... More »

Nvidia by the numbers: $5 trillion market cap and soaring stock Nov 21st

Nvidia reported more eye-catching numbers for its fiscal third quarter Wednesday, with net income jumping 65% and revenue increasing 62% from a year earlier. Last month, Nvidia became the first public company to reach a market capitalization of $5 trillion. The ravenous appetite for the Silicon Vall.... More »
 mutual funds

Stock news for investors: Goeasy shares plunge nearly 60% after lender suspends dividend Mar 13th

Here’s a round-up of news for Canadian investors this week. Goeasy Algoma Steel Transat RBC MDA Space Empire Featured RRSP Accounts featured EQ Bank Build your retirem.... More »

The best GIC rates in Canada for 2025 + MORE Dec 8th

GIC comparison tool Find the best and most up-to-date GIC rates in Canada using the comparison tool below. Plus, use the filters to assess your estimated rate of return based on the size of your balance. Why trust us MoneySense is an award-winning magazine, helping Canadians navigate m.... More »

$4.6-billion power station to supply data centre near Edmonton gets green light - Financial Post Jul 2nd

$4.6-billion power station to supply data centre near Edmonton gets green light  Financial PostCounty north of Edmonton approved to host energy generator for potential AI data centre  CTV NewsPembina, partners go ahead with gas plant for data centre north of Edmonton  C.... More »
Individual vs. joint investment accounts: What every couple should knowLosing a spouse is devastating. Losing access to the family’s savings on top of that? Heartbreaking—and more common than many Canadians realize. Imagine waking up after your partner passes away, only to discover that a $400,000 investment account is frozen. Months drag on while the courts approve the will, thousands in probate fees vanish into government coffers, and you’re left scrambling to pay the bills. The culprit is often surprisingly simple: non-registered investment accounts held in only one spouse’s name.

The hidden snag in non-registered accounts

If a non-registered account is held individually, it doesn’t automatically pass to a surviving spouse. Instead, it becomes part of the estate and is subject to probate, the court-supervised process of validating the will and confirming the executor’s authority. Depending on the province, probate can take months or even over a year.

During that time, a surviving spouse may be locked out of the account—but the fees continue to add up…

Continue Reading On moneysense.ca »

Share

PinIt
Compare insurance quotes through Kanetix.ca - save time and money!