Finance

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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Understand your auto insurance coverage before winter hits

Oct 14th, 2016 | By

(NC) Most auto accidents happen in Canada during the season of ice and snow, so right now is a critical time to make sure your auto insurance policy has you covered. This is especially important this winter because to help reduce costs, major changes to auto insurance came into effect on June 1, 2016. Some benefits have
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Eight tips to make online and mobile banking safer

Oct 14th, 2016 | By

New technology makes banking and shopping convenient, but also exposes Canadians to cybersecurity threats. Computers, tablets, smart phones and credit and debit cards can be targets of criminals who use complex tactics to capture your personal information. You can shop and bank online more safely by following these tips from the Financial Consumer Agency of
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