5 reasons to buy life insurance—right now
Number 2: To help pay off a mortgage or other debts If you share the home you own with your partner, children or other loved ones, life insurance can help pay off the balance...
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Should you borrow to invest with the Smith Manoeuvre?
I am not familiar with any Smith Manoeuvre calculators, Warren, but I can try to simplify the math a bit. First, what is the Smith Manoeuvre? It was developed by Fraser Smith in the...
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Types of credit cards Rewards credit cards When it comes to rewards credit cards, the name says it all. These are cards that give you something back when you spend with them, whether it’s...
Do RRIF beneficiaries pay tax?
Essentially, a beneficiary may be on the hook for the tax payable if there is not enough money left in the estate. This could apply if a RRSP or RRIF is the primary or...
What is growth investing?
The massive success of large cap growth stocks over the last decade is surprising, when you consider the abundance of academic evidence that supports stronger returns from small cap value stocks. The Fama-French five-factor...
Reasons to consider early RRSP and RRIF withdrawals
However, as an RRSP account continues to grow, so too does the tax liability on the withdrawals. Those with large RRSPs may be forced to take withdrawals that exceed their cash flow requirements, which...
What is a mortgage broker?
Get the mortgage rate that works for you.Find the best rate for you in under 2 minutes at ratehub.ca. Let’s get started.You will be leaving MoneySense. Just close the tab to return. First, let’s...
Video: How to split an inheritance
MoneySense is a digital magazine and financial media website. Journalists and qualified financial professionals produce the content. MoneySense’s goal is to provide the most relevant and up-to-date information as possible but, with all things...
