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How to withdraw RESP funds Aug 26th
For years, you’ve saved up for your child’s college or university education with a registered education savings plan (RESP). Now, your kid is getting ready to start classes.
As the RESP’s subscriber (the person who opened and contributed to the account), you may have questions about h.... More »
Stocks slide after Republicans 'press pause' on debt ceiling talks: Stock market news today - Yahoo Canada Finance + MORE May 19th
Stocks slide after Republicans 'press pause' on debt ceiling talks: Stock market news today Yahoo Canada FinanceWhat every Canadian investor needs to know today The Globe and MailStocks Slide After Republicans Pause Debt Ceiling Negotiations BarchartS&P 500 hits .... More »
Best robo-advisors in Canada for 2026 + MORE Feb 11th
The name may be offputting, but robo-advisors occupy a key middle way in the investment landscape between do-it-yourself investing and having a live investment advisor. They will cost you a lot less than a commissioned or fee-for-service advisor and the often pricey investment products they recommen.... More »
OAS payment dates in 2025, and more to know about Old Age Security Oct 7th
If you’re approaching or planning for retirement, you may have questions about Old Age Security (OAS) benefits, like: Do I need to apply for OAS? How much will I receive in OAS? When do OAS payments go out? We cover these questions and more below. But first, here’s a quick overview of how OAS wo.... More »
Benefits, fees, hidden perks: Choosing the right credit card for your lifestyle Mar 5th
Critical to building a credit history, credit cards are a rite of passage into financial adulthood.
Even if you’re debt-phobic or have heard too many horror stories of people maxing out their cards, you can’t skip this step.
Cindy Marques, certified financial planner and director at Open A.... More »
Investing in GICs? Here’s why to buy them from an online bank
– moneysense.ca
In today’s harsh investing climate, it’s nearly impossible to avoid volatility. What’s been particularly painful about the instability of this past year is the range of different asset classes hit. Whether you’ve been investing in stocks, gold or cryptocurrencies, your portfolio has likely seen some steep ups and downs. For example, the S&P/TSX Composite Index has already endured two 10% pullbacks in 2022, and Bitcoin has dropped more than 50% since the start of the year.
With plenty of question marks still surrounding the economy for the foreseeable future, many investors with short time horizons are now understandably searching for safer investment options. For anyone looking for a dependable—but also competitive—return on investment, guaranteed investment certificates (GICs) from a digital bank could be the answer.
What is a GIC?
When you buy a GIC, you lend an agreed-upon amount of money to a financial institution for a set period—anything from one month to 10 years…
