Understanding and comparing investment returns

Keep in mind that, despite new disclosure rules to increase transparency, the fee shown on your investment report may not be the total fee you paid your adviser

Understanding and comparing investment returnsWhen comparing your investment returns to that of others or those you see published, selection and timing are two critical issues. Make sure you’re comparing apples to apples: that you’re weighing similar investments. Each investor has their own risk tolerance and objectives. What’s right for your friend, neighbour or family member may not be right for…

Do you need mortgage insurance?

It depends. As with all financial planning questions, no one answer fits every situation

Do you need mortgage insurance?“Did I need to take the insurance the bank sold me when I got my mortgage? Do I need mortgage insurance at all?” C.P. wrote and asked. I’m often asked this and the answer is usually the same: That depends. As with all financial planning questions, no one answer fits every situation. The simple answer in…

Two in five Canadians expect lifelong debt

'There is a financial wellness crisis, and it's affecting Canadians of all demographics' -- Manulife

Two in five Canadians expect lifelong debtHousehold debt is growing so large, it may be cracking Canada's financial foundation.  A Manulife Financial Corporation survey found that two-in-five Canadians do not expect to escape debt in their lifetime and the spending-to-income ratio is trending negatively in Canada. The Manulife Bank Debt Survey found: 94 per cent of Canadians say the average household…

How to be an adult, one sound financial decision at a time

Many people take a long time to launch on adult life because they've never been taught to spend less than they make

How to be an adult, one sound financial decision at a time“The first responsibility of adulthood is paying your own bills,” according to Jamaica Finance Minister Peter Phillips. That country has worked hard to wean itself of dependency on the International Monetary Fund (IMF) and is in a position to stand on its own feet economically. Paying your bills is a definition of adulthood that applies…

ASC launches campaign for Financial Literacy Month

‘Albertans can better manage their personal finances and protect themselves from unsuitable investments and scams’

ASC launches campaign for Financial Literacy MonthWith Financial Literacy Month underway, the Alberta Securities Commission has launched a campaign encouraging people to gain more financial knowledge. “Building financial literacy is a critical step for Albertans to take in making informed and effective investment decisions,” says Alison Trollope, director of communications and investor education at Alberta Securities Commission. “Our goal is to…

Should you defer collecting CPP and OAS?

Can you afford to hold off and increase your payments later? Will you need more CPP and OAS later in life? And how long do you expect to live?

Should you defer collecting CPP and OAS?Most people know they can start collecting their Canada Pension Plan (CPP) at age 60, even though they’ll get smaller monthly payments than if they waited until 65. Many people just want the money now and don’t care about any added benefits to delaying CPP and Old Age Security (OAS). The standard CPP and OAS…

Four in 10 Canadians struggling financially: TD

When it comes to financial health, Quebec is the healthiest province and Alberta lags behind, said the report.

Four in 10 Canadians struggling financially: TDBy Troy Media The TD Financial Health Index finds that four in 10 Canadians are financially struggling, with Albertans lagging when it comes to financial health. The index by the TD Bank Group is a national benchmarking survey providing a portrait of Canadians’ financial well-being and how they’re managing their personal finances. The study, released…

Canada-U.S. disposable income gap widens

Over the past four decades, average real annual disposable income per capita rose 40% faster in the U.S. than in Canada, says a CIBC report

Canada-U.S. disposable income gap widensBy Troy Media Real disposable income per capita in Canada is currently $13,000 higher than it was in 1980. But in the United States, it’s US$25,000 higher, says a report released on Monday by CIBC. Over the past four decades, average real annual disposable income per capita in Canada has risen by 1.3 per cent,…

Canadian household credit accelerates

HELOCs often used for home improvement and renovation spending has been on a steep climb for 18 years: Scotiabank report

Canadian household credit acceleratesTotal chartered bank household credit growth in Canada accelerated in August, supported by an expansion in residential mortgage credit and non-mortgage credit that was the fastest in about two years, says a new report by Scotiabank. But the report also said that growth in home equity lines of credit (HELOCs) has slowed since its peak…
1 2 3 9