What is a Guaranteed Minimum Withdrawal Benefit (GMWB)?
A guaranteed minimum withdrawal benefit contract is an insurance investment product that can offer a guaranteed income amount for a period of time or for…
A guaranteed minimum withdrawal benefit contract is an insurance investment product that can offer a guaranteed income amount for a period of time or for…
Having a job that offers a defined benefit plan doesn’t free you from the responsibility of planning for your retirement. It seems everyone wants a…
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…
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…
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…
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…
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) pension is payable to all Canadians or legal residents 65 years or older. The program came into existence in 1952 and…
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…
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…
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…
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…
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