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The best GIC rates in Canada for 2025 + MORE Mar 17th
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.
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This detached home in Toronto listed for $699,900 seemed like a steal. Why did no one bite? Jul 22nd
It could be a steal for a new family that doesn’t mind the size, but a real estate expert believes there could be some other underlying issues with the place that you need to watch out for..... More »
How to handle a stock with a huge capital gain Jul 22nd
If you hold investments in a taxable non-registered account, then income tax considerations ought to be part of your investing decision-making process. Although capital gains tax rates in Canada are relatively low, with only 50% of a capital gain being taxable to an investor, the dollars of tax paya.... More »
Are you worried about your financial situation? - Poll - Castanet.net Jan 17th
Are you worried about your financial situation? - Poll Castanet.netBritish Columbians' debt anxiety mounting amid inflation, interest rate hikes: surveys | Globalnews.ca Global NewsCanadians more worried about rising debt amid high cost of living: MNP BNN BloombergIn.... More »
Manitoba storm could be 'worst blizzard in decades,' Environment Canada says - CBC.ca Apr 11th
Manitoba storm could be 'worst blizzard in decades,' Environment Canada says CBC.caMajor spring blizzard threatens 50+ cm of snow with near impossible travel The Weather Network'Potential to be worst blizzard in decades': storm watch issued as 30-50 cm of snow now expected - St.... More »
Mel would also like to save enough for retirement, at least $1 million each for him and his wife, and also purchase a second real estate property to rent out.Four financial principles to help get your portfolio back on track in an uncertain 2021
– thestar.com
Here’s how to position your finances so you can both benefit from an optimistic scenario and cope if markets crash in the year to come, David Aston writes.Can life insurance be used as a fixed income investment?
– moneysense.ca
Q. I am 55 years old, recently finished a four-year battle with cancer, and will be retiring soon. I have a healthy portfolio, consisting of 60% in blue-chip stocks and 40% in fixed income, which will look after my husband’s and my financial needs in the future. I also hold a $2-million life insurance policy that I pay approximately $15,000 per year for.
I am considering switching the policy to a guaranteed payout upon my death, but that would put the annual premiums up to around $35,000 per year. Because I hold 40% of a large portfolio in fixed income, I’m thinking this would be a better alternative as the rate of return from my insurance policy would be much higher than I could achieve in fixed income.
Curious if you have had clients in the past whom this made sense for. I know my advisor will earn a lot on this policy, and I wanted to get your Coles notes on whether this would or could be something to consider.
–Dana
A. Congratulations on beating cancer, Dana. You refer to your battle in the past tense, so I assume that means you’re in remission now…
I am considering switching the policy to a guaranteed payout upon my death, but that would put the annual premiums up to around $35,000 per year. Because I hold 40% of a large portfolio in fixed income, I’m thinking this would be a better alternative as the rate of return from my insurance policy would be much higher than I could achieve in fixed income.
Curious if you have had clients in the past whom this made sense for. I know my advisor will earn a lot on this policy, and I wanted to get your Coles notes on whether this would or could be something to consider.
–Dana
A. Congratulations on beating cancer, Dana. You refer to your battle in the past tense, so I assume that means you’re in remission now…
