Making Sense of the Markets this week: June 26 + MORE Jun 24th

All about Canadian investments. Learn the ins and outs and get the latest news.
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Canadian financial therapists on how to deal with the stress you feel over money Jul 4th

Surveys show Canadians worry more about money than personal health, work or relationships. Financial therapists say the stress can lead to anxiety, depression and other mental health challenges. Here’s how to control the stress.... More »

Investing in GICs? Here’s why to buy them from an online bank Jul 14th

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 s.... More »

Beats to release Fit Pro in three new colours? - Pocket-lint Aug 1st

Beats to release Fit Pro in three new colours?  Pocket-lintNew Beats Fit Pro colors confirmed by unreleased assets, availability unknown  9to5MacHere are the other colors Google considered for Pixel Buds Pro  9to5GoogleView Full coverage on Google News.... More »

Canadian Real Estate Prices To See The Sharpest Drop In Global Downturn: Goldman - Better Dwelling - Better Dwelling Jul 4th

Canadian Real Estate Prices To See The Sharpest Drop In Global Downturn: Goldman - Better Dwelling  Better DwellingCanadian home sales could decline 23% in 2022: TD | Urbanized  Daily HiveCalgary home sales slowed in June: CREB | CTV News  CTV News CalgaryHome sales to .... More »

$200 off 14-inch MacBook Pro is an early 4th July sale treat - Creative Bloq Jul 2nd

$200 off 14-inch MacBook Pro is an early 4th July sale treat  Creative BloqApple's M1 MacBook Pro Is $300 Off in This Early Fourth of July Sale  CNETApple's loaded 16-inch MacBook Pro with M1 Max, 64GB RAM is $300 off, back in stock  AppleInsiderAmazon clears out Apple.... More »
Among your different life insurance options, a universal life insurance policy is one of the most complex. It requires more involvement than both term and whole life insurance policies—so you can’t simply set it and forget it. And you have decisions to make regarding how much you pay, and how those premiums are used. You might be thinking: Life is short enough already, so why spend precious time managing a life insurance policy? Why not stick to a more straightforward solution, like term life insurance? 

Get personalized quotes from Canada’s top life insurance providers.All for free with ratehub.ca. Let’s get started.*Life Insurance QuotesTerm LifeWhole LifeThis will open a new tab. Just close the tab to return to MoneySense.

When the main objective is taking care of your loved ones after you’re gone, it pays to spend time figuring out how to care for them. That’s why you should familiarize yourself with the full slate of possibilities. For those looking for flexible premiums and the opportunity to accumulate wealth on a tax-deferred basis, universal life insurance can be a smart option…

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A registered retirement savings plan (RRSP) is an investment that is registered with the Canadian federal government. RRSPs are often described as being “tax-advantaged.” That means you don’t pay income tax on the amount you are contributing to an RRSP, in the year you earn that contribution. However, you will have to pay income tax when you withdraw money during your retirement. The advantage is built on the assumption that your income is higher now than it will be in retirement. If you plan things right, you will be in a lower tax bracket in retirement, meaning that you pay less tax on your withdrawals than you saved initially by stashing your money inside an RRSP. 

You can open an RRSP and contribute income up until the year you turn 71, at which point it has to become a registered retirement income fund (RRIF) and you must begin to withdraw the money as taxable income. Read on to learn about the best RRSP accounts in Canada.

The best RRSP accounts in Canada for 2022

Best RRSP savings account: EQ Bank RSP Savings Account* (1…

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It was the week of April 3, 2022, when I signed off from writing the “Making sense of the markets” column. It is wonderful to be back filling in for Kyle Prevost (he’s on vacation), who took over the column. Kyle’s insights and writing give the column a nice jolt. I am so glad to see it in good hands. 

Check out that April 3 column. I covered some of the major investment themes and ideas I put on the table. Many investment opportunities were identified, and they played out in our favour. 

So, what the heck has been going on these days? Not much. Or let’s say that not much has been working on the investment front as of late. Stock markets, bonds, commodities, gold, bitcoin, and even oil and gas stocks have been falling over the last few weeks. 

It’s all about inflation. 

In this column I’ve long identified inflation as a nasty beast—and a threat. Inflation has been ramping up around the world. Very few investors are familiar with inflation. You’d have to be on the far side of 70 to have experienced the stagflation of the ’70s and early ’80s…

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