As you know, of course, annuities and GICs are not the same thing. An annuity provides a guaranteed income for life, or a set time period, and it can be purchased from insurance companies, agents and brokers. And a GIC is primarily...
How GICs work When you purchase a GIC, you agree to leave a deposit with the bank for a certain amount of time—the term—and in return, the bank agrees to pay you a guaranteed interest rate. The key word here is “guaranteed,” meaning...
As the owner and lead financial planner of Matthews + Associates, a leading retirement-focused financial planning company in Peterborough, Ont., Curry is a Certified Financial Planner, Certified Exit Planning Advisor and a member of the Financial Planning Association of Canada. He has always...
What are capital gains? When you sell an asset or investment for more than you bought it, you have a capital gain. Let’s say you purchased $1,000 worth of stock and then sold your shares for $1,500 two years later. In this case,...
“Our merchants do seem to be outperforming and doing better than others,” Harley Finkelstein told analysts on a Wednesday earnings call. “I think a big part of the reason that we are not seeing the same thing that others might is because we...
That’s why Chapman’s practice focuses on retiree behaviour as much as it does on the technical aspects of retirement income planning. He works so that his clients do not miss out on the retired life they promised themselves, by making retirement spending...
Profitable efforts from Disney Operating income for the entertainment segment, which includes its movie studio and parts of its television wing, nearly tripled to $1.2 billion. (All figures are in U.S. currency.) Disney’s run at the box office continues with Deadpool & Wolverine,...
Should you keep renting a cottage or buy one? You don’t need me to explain the personal perks of having a vacation home or a cottage. But to many people, a cottage is also an investment. There are costs and hopefully returns, especially if...
Can you hold gold in a registered account? Gold is considered a qualified investment for registered accounts in Canada, Audrey. This means you can hold gold in a registered retirement savings plan (RRSP) or registered retirement income fund (RRIF). However, gold and silver bullion...
By Sandra MacGregor on August 6, 2024Estimated reading time: 10 minutes A secured credit card is a unique financial tool that requires a cash deposit as collateral, so the issuer is protected in case the cardholder fails to make payments. If you miss a...