What is Asset Allocation?
Asset allocation is the process of trying to figure out how much of your money you want to invest in an asset class. The ultimate…
Category: Investments
What is an Asset Class?
An asset class is a group of securities that share similar return and risk characteristics. When it comes to investing, there are three primary asset…
What is Segregated Funds?
Segregated funds are insurance contracts that will pay the policyholder a specific amount based on a group of similar pooled investments. A segregated fund is…
What is the Guaranteed Income Supplement in Canada?
Guaranteed Income Supplement (GIS) is a government income program for low-income Canadians who also receive Old Age Security. The income paid to individuals is a…
Old Age Security (OAS): How Does it Work?
Old Age Security (OAS) pension is payable to all Canadians or legal residents 65 years or older. The program came into existence in 1952 and…
What is an Inter Vivos Trust?
An inter vivos trust is a type of trust that is established during a settlor’s lifetime. The settlor is the person who wants to set…
What is a Pooled Registered Pension Plan (PRPP)?
A Pooled Registered Pension Plan (PRPP) is a type of pension plan for employees or self-employed owners who do not have the option to participate…
How Do Group Registered Retirement Savings Plans Work?
A group registered retirement savings plan (Group RRSP) are employer-sponsored RRSP savings plan similar to an individual RRSP plan. Group RRSPs are governed by tax…
How Does a Spousal RRSP Work?
A spousal RRSP account allows one spouse to contribute to their spouse, common-law partner, or same-sex partner’s registered spousal RRSP account. Setting up a spousal…
How Does a TFSA Work?
Tax-free saving accounts, more commonly known as TFSA, were first introduced in 2009 by the federal government. Similar to the idea behind the RRSP, it…
What is Lifelong Learning Plan?
The Lifelong Learning Plan (LLP) allows you to withdraw up to $10,000 in a calendar year from your RRSPs to finance full-time training or education…
Real Estate Vs. Stock Market Investing: Which is Better?
I recently overheard two people conversing about real estate, which inspired me to write this blog. As their conversation progressed, one of the individuals said…