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If you’re one of the thousands of Canadians who spend long stretches of time in the U.S. each year, you need to keep the number 183 in mind. Here’s why. In 2011, Canada and the U.S. agreed to the Perimeter Security Pact, which ties together the entry and exit data of the two countries. This … read more
For every Canadian with a registered Retirement Savings Plan (RSP), an important event looms on the horizon – converting your RSP into a retirement income source. If not done earlier, you’ll be forced to convert your RSP by December 31 of the year you turn 71. At this point, you’re probably asking two questions: “what … read more
Re-balancing portfolio asset classes Financial advisors recommend an investment portfolio balanced with equities such as stocks or mutual funds, together with fixed income instruments including bonds and GICs. Generally speaking, equities are considered higher risk than fixed income as equity values fluctuate depending on market conditions. Fixed income securities, as their name implies, produce a … read more
Using GICs to save for specific goals Saving for a long-term objective requires you to balance the protection of the principal, with the ability to still generate an acceptable return rate. As noted last week, GICs offer safety together with guaranteed returns making them ideal for helping you save for a future goal such as … read more
Are you interested in learning how GICs could be incorporated into your portfolio, but confused by how they work? Are you unsure how to find the best GIC rates, or even if it makes sense for you to invest in GICs at this particular time? If this describes you, then this 3-part series of posts … read more
We understand that sorting through all the investing possibilities out there can be overwhelming. With so many choices available, how can you be sure you have chosen the best strategy to suit your needs? Well, like so much else in life, arming yourself with the best information possible is a good way to start. That’s … read more