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How to Time Your Student Loan Payback + MORE Feb 27th
How should you schedule your student loan payments? Should you get rid of student debt as early as possible? To answer that, first look at all of your needs and financial obligations. Then weigh your options and choose the right payment plan.
Should You Pay Off Your Student Loans Early?
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What is the price of gold in Canada? And more about gold investing Apr 10th
Amidst the gyrations of mega-cap technology stocks and cryptocurrencies over the past year, a stodgy old standby has notched a number of new highs. Gold almost hit USD$3,200 per ounce in early April. It is up 27% over the last 12 months in U.S. dollars and more in Canadian dollars.
That, together.... More »
What happens when a buyer backs out of a real estate deal? Aug 31st
When it comes to backing out of a real estate deal, the law doesn’t tend to side with the dealbreaker, says Ron Butler, a veteran mortgage broker and one of the founders of Butler Mortgage in Toronto. If you’re the buyer, “You should find a way to complete the sale—beg, borrow, do whatever y.... More »
The best GIC rates in Canada for 2024 May 27th
Investing
The best GIC rates in Canada for 2024
Find the best GIC rates in Canada. Plus, everything you need to know about how they work.
Find the best rate
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Watch: The differences between a TFSA and RRSP + MORE Sep 22nd
A tax-free savings account (TFSA) is a registered account that holds investments and allows you to grow your money tax-free and withdraw it tax-free. That means you don’t have to report any income earned in the account on your personal tax returns. A registered retirement savings plan (RRSP) is al.... More »
New testing system for life-insurance agents draws complaints across the border
– canadianbusiness.com
WASHINGTON – A prominent American insurance company is sounding the alarm over changes to the testing system for new agents in Canada, warning that ordinary consumers could end up being harmed.
The new testing system could lead to higher costs, less agents, and less people buying life insurance, according to Primerica, which bills itself as the largest independent financial services marketing company in North America.
The company is upset the new national testing system will be administered by the stock-market regulator in Quebec, where there are significantly higher testing fees than other provinces.
It says Canadians already have less insurance coverage than most OECD countries, and Quebec is at the lower end of that range. It says the testing system to be implemented in 2016 will only make matters worse.
The company says any additional barrier to new licences will disproportionately affect working-class and immigrant communities, which it views as its target market. If less agents sign up for the tests from those communities, it says fewer people from those communities will buy insurance…
The new testing system could lead to higher costs, less agents, and less people buying life insurance, according to Primerica, which bills itself as the largest independent financial services marketing company in North America.
The company is upset the new national testing system will be administered by the stock-market regulator in Quebec, where there are significantly higher testing fees than other provinces.
It says Canadians already have less insurance coverage than most OECD countries, and Quebec is at the lower end of that range. It says the testing system to be implemented in 2016 will only make matters worse.
The company says any additional barrier to new licences will disproportionately affect working-class and immigrant communities, which it views as its target market. If less agents sign up for the tests from those communities, it says fewer people from those communities will buy insurance…
90 days – 1.60%
– ratesupermarket.ca
This GIC rate is offered by Oaken Financial and was updated on 2013-11-28. Click on the link above to get more details or apply online.
Weekend Reading – Money tips, mortgage freedom and more
– myownadvisor.ca
Welcome to your Weekend Reading list where I share some of my favourite articles from the week that was…even if this edition is a little later than usual.
Enjoy the rest of the May long weekend.
Money We Have has some great money tips.
Retire Happy shared some money tips.
Mr. CBB was mortgage free in 5 years. From his site, including quoting my site, “we eventually took advantage of the 20% mortgage pay down option each year and paid off $32,651 as a lump”.
Prairie Eco-Thrifter wondered if time is always money.
The Dividend Guy wondered if portfolio size matters.
Boomer & Echo had some good reads.
Michael James on Money said there is a cost that comes with the portfolio concentration of just 20 stocks.
Freedom Thirty Five Blog wrote about his covered call.
Big Cajun Man feels getting out of debt is your answer to many money questions.
Read about what some personal finance experts own as part of this LSM series here.
Thanks for reading. I encourage you to subscribe to my blog via email so you never miss a post…
Enjoy the rest of the May long weekend.
Money We Have has some great money tips.
Retire Happy shared some money tips.
Mr. CBB was mortgage free in 5 years. From his site, including quoting my site, “we eventually took advantage of the 20% mortgage pay down option each year and paid off $32,651 as a lump”.
Prairie Eco-Thrifter wondered if time is always money.
The Dividend Guy wondered if portfolio size matters.
Boomer & Echo had some good reads.
Michael James on Money said there is a cost that comes with the portfolio concentration of just 20 stocks.
Freedom Thirty Five Blog wrote about his covered call.
Big Cajun Man feels getting out of debt is your answer to many money questions.
Read about what some personal finance experts own as part of this LSM series here.
Thanks for reading. I encourage you to subscribe to my blog via email so you never miss a post…
120 days – 1.70%
– ratesupermarket.ca
This GIC rate is offered by Oaken Financial and was updated on 2013-11-28. Click on the link above to get more details or apply online.
A closer look at bond mutual funds
– thestar.com
Bond funds have two problems if held in non-registered accounts. Interest yields are low and you pay highest tax rate. Horizons offers ETF tax solution
