How Does Correlation Coefficient Impact Investment Returns?
The correlation coefficient is a term used to describe the investment returns relationship strength between two investments. It helps an investor identify how similar their…
Category: Blogs
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…
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…
What is a Freehold Strata?
A freehold strata is a fee simple estate in a strata lot development in which owners of the property own individual units while co-owning the…
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…
How Click and Collect Can Save You Money
I recently decided to do some updating to my home office. I wanted to get a new bookshelf along with a desk. IKEA was my…
Tenants in Common vs Joint Tenancy: Which is Better?
Joint tenancy is a type of property co-ownership structure that allows two or more people to own an undivided interest in an estate, such as…
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…