Saving for a Down PaymentBy: Elias Kellendonk
Any down payment that totals less than 20 per cent of the property value will require mortgage default insurance, and be considered a high ratio loan.
Investing for Young People Part 3: Differentiating Mutual FundsBy: Elias Kellendonk
Perhaps jumping into the stock market has turned out to be more of a chore than you and your child anticipated. If savings bonds and GICs are not offering the rates of return you and your child would like to see their savings yielding, mutual funds are a promising alternative. At current Canadians have well …
What is TFSA: Why Canadians should be Investing Tax-FreeBy: Elias Kellendonk
How will the Canada Tax Free Savings Account Guard your Retirement Funds? Registered or unregistered – that seems to be the question as Canadians plan and gear their savings and investment accounts toward retirement. Most experts advise that your investments gain a return in excess of two per cent in order to beat annual inflation. …
Remembering RRSP Contribution During the HolidaysBy: Elias Kellendonk
The final date by which you can contribute to your RRSP for the 2010 tax year is March 1, 2011.
Including Segregated Funds in Your RRSP PortfolioBy: Elias Kellendonk
RRSP funds can be attributed to, or to a combination of, mutual funds, guaranteed investment certificates, bonds, stocks, deposit accounts or segregated funds.
Paying off your Mortgage before you RetireBy: Elias Kellendonk
More than half of the baby boomer generation has paid off less than 50 per cent of their current mortgage.
Utilizing the Reverse Mortgage to its Maximum Wealth Management PotentialBy: The Super Broker
A reverse mortgage frees the equity you have built in your home with very little out of pocket expense – as little as $300 to $600 so long as no title issues are attributed to your property.
Canadian Study Finds Having a Financial Plan Yields Greater Savings and SecurityBy: Elias Kellendonk
The study, ordered by the Financial Planning Standards Council (FPSC), found that of the 20 per cent, or less, Canadians who actually employ a financial planning strategy, virtually all state that doing so has affected an increased ability to save, and an improved sense of security and lifestyle comfort.
Create a BudgetBy: The Super Broker
If you have no investments but want to start investing, you need a budget to determine how much you can safely afford to invest each month.