Finance

Retirement planning quick start guide

Aug 11th, 2017 | By

By Investors Group Financial Services Inc Your retirement will be as unique as you are. Travel, sports, hobbies, family and friends… no one will combine their activities the exact same way. Here are six steps to help you achieve your unique retirement vision: 1. Conduct a retirement/income analysis:  Estimate your monthly retirement living expenses like
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Writing your will keeps you in control

Aug 11th, 2017 | By

(NC) No matter what the size of your estate, every adult should have a will, say specialists in this field. Without one, you risk leaving the distribution decisions to an impersonal formula, with the government writing the terms. A valid will ensures that your property will be dealt with according to your wishes and with
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How to be money-smart in retirement

Jul 13th, 2017 | By

(NC) Many of us look forward to retirement as an opportunity to pursue new goals or reactivate life-long interests. With the right financial planning, you can be on track to achieve the financial security you need to realize your vision of a comfortable retirement. By staying informed and taking steps to protect your savings, you
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Three questions to ask your financial advisor

May 12th, 2017 | By

(NC) This year, Canadians will receive two new annual reports with information about how well their investments performed and the fees that they pay. Investors are encouraged to read their reports and discuss them with their financial advisor. Here are some suggestions to get you started: 1. How is the performance information different from what
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10 tips to avoid scams

Mar 10th, 2017 | By

(NC) Believing you’re immune to becoming a target of fraud is one of the biggest money mistakes you can make. Victims come from all walks of life and fraudsters are increasingly sophisticated, creating tricky new scams online, over the phone and in person. “By recognizing, rejecting and reporting scams, consumers can protect themselves and assist
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Protect yourself – tax scams can be costly

Mar 10th, 2017 | By

Have you received a suspicious  email, telephone call, letter or text  claiming to be from the Canada Revenue Agency (CRA)? In a recent press release, the CRA warned that if the organization or individual is asking for personal information such as your social insurance number, credit card number, bank account number, or passport number, this
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Six things to avoid at tax time

Mar 10th, 2017 | By

Tips from the Canada Revenue Agency (CRA) could save you time and money! At tax time, avoid the following six things: 1. Not doing your taxes Even if you have not received income for 2016, you should still file your income tax and benefit return. You may be eligible for a refund, credits and benefits
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Tax benefits for seniors

Jan 19th, 2017 | By

The Canada Revenue Agency (CRA) wants seniors to get the tax credits, deductions, and benefits they are eligible for. Here are 11 of the most common credits and benefits for seniors. 1. Pension income splitting: If you receive a pension, you may be eligible to split up to 50% of your eligible pension income with
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Turn your passion into a business during retirement

Jan 19th, 2017 | By

(NC) We all have an unexplored passion that could become a business, if only we had some extra time to devote to it. Here are some key things to consider if you’d like to use your golden years to explore this possibility. Your passion becomes your product. Your passion may be photography, painting or another
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Manage your money and debt wisely

Nov 10th, 2016 | By

The Financial Consumer Agency of Canada (FCAC) kicked off the sixth annual Financial Literacy Month on Nov. 1. The theme is Managing money and debt wisely—It Pays to Know! The campaign will focus on helping Canadians take ownership of their personal finances. The FCAC, in collaboration with organizations across the country, plans to raise  awareness
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