Tag: rrsp

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.

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 …

The final date by which you can contribute to your RRSP for the 2010 tax year is March 1, 2011.

RRSP funds can be attributed to, or to a combination of, mutual funds, guaranteed investment certificates, bonds, stocks, deposit accounts or segregated funds.

More than half of the baby boomer generation has paid off less than 50 per cent of their current mortgage.

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.

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.

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.