Discover financial empowerment resources
Discover financial empowerment resources
Registered Retirement Savings Plans (RRSPs) are accounts registered with the Canada Revenue Agency (CRA) that help you save for retirement or other goals. To make it easier, the British Columbia Securities Commission has created a simple guide to understanding RRSPs. In this post you’ll learn...
Crypto assets are digital assets that use cryptography (a method to secure data), peer-to-peer networking, and a public ledger to create, verify and record transactions. Crypto assets include cryptocurrencies, crypto funds and digital tokens. Bitcoin and Ether are examples of...
Borrowing to invest in Canada, often referred to as leveraging or margin investing, involves using borrowed funds to buy investments with the expectation of creating returns that are greater than the cost of borrowing. Make sure you understand how it works, including the interest rate, how interest...
Before you invest, it’s important to understand what kind of investor you are which means knowing your willingness and ability to accept risk, your investment time horizon and your objectives. Try the Investor Questionnaire to begin to learn some insights into factors such as your investment...
Interest rates may have an important impact on your finances. In this article learn about the different types of interest...
Compound interest, also known as compounding, is a financial concept that can turn small investments into large sums over time. Unlike simple interest, which is calculated only on the first amount of money invested, compound interest takes into account both the principal (first deposit) and the...
In the scope of personal finance, individuals often struggle with the decision of whether to pay down debt they’ve accumulated or allocate funds towards investments that will grow for the future. Either choice can make sense, depending on the situation and each individual’s stage of life. In...
Like many people, you may find an advisor through a friend or family member, through internet searches, or advertisements or you may be assigned an advisor by a financial institution. However, finding an advisor is only a first step. This information below will help you determine whether an advisor...
Investing your hard-earned money is a significant financial step. Whether you are new to investing or a seasoned pro, it’s crucial to understand and defend your rights as an investor. If you are investing through a firm regulated by CIRO there are a range of protections and rights to ensure...
Tips on how to read you investment account...
Here are some basic rules to keep in mind before you start on your investing...
When you invest, it is important to understand fees and costs. Fees are typically charged by investment firms or registered investment advisors to cover costs associated with administering investment products, operating your account, making transactions on your behalf or providing...
There are many ways to invest. Your choices will depend on your goals, your timeline and your willingness and ability to accept risk. It’s important to know some basics. Investing puts your money to work to achieve your financial goals. One way is to earn interest on a sum of money you invest....
If you’re saving for a goal in the near future and you’ll need to access the money within a year or two, chances are that’s a short-term goal. Whether it’s for a wedding, a dream vacation, or a new appliance for your home, if it’s something you’re unable to pay for right away then...
The benefits of spring cleaning can extend beyond your home. Your investment portfolio needs regular maintenance to maximize its performance. A good habit is to regularly review your investment portfolio throughout the year to make sure it aligns with your financial needs. Click on "Access...
Whether it’s a job loss, a significant decline on your investments, or a large, unexpected expense, everyone faces financial setbacks. If it happens to you, saving money may be the last thing on your mind. These 4 steps can help get you back on track — and back to saving money — more...
Retirement planning is one of the most important cornerstones of Canadians' financial health. To further our mandate to strive for an effective and sustainable Canadian retirement income system, ACPM is committed to fostering greater financial literacy, and in particular, helping Canadians to...
ÉducÉpargne updated its retirement planning guide. The guide now provides information on sources of income to expect in retirement, how to calculate required savings and how to choose a professional (available in French...
Tax-free savings accounts (TFSAs) are designed to help Canadians save more. This comprehensive resource page by the Ontario Securities Commission will help you learn more about TFSAs, what the annual contribution limits are, how to make transfers between TFSAs and the penalties for breaking...
If you’re curious about Canadians experiences with buying crypto assets, you’ll want to read the results of the OSC’s Crypto Assets 2023. It provides insights into the evolution of Canadians’ crypto ownership and knowledge. Read the 2022 crypto survey results...
This article by Credit Canada helps determine whether it's better to save for the future or pay off existing debts. The "priority pyramid" is a method of visualizing your areas of financial focus from most important to least...
This article by the Ontario Securities Commission outlines what volatility is, how it may affect your returns on investment and 4 ways to deal with market...
Owning stocks means you own equity in a company. Stocks are traded on a stock exchange. Learn more about stocks and how they work by visiting the new...
The Canada Learning Bond is money available to children and youth born in 2004 or later from low and moderate income families. You can get up to $2000 from the Government of Canada by opening an Registered Education Savings Plan (RESP). You can access this money when you enroll in full-time or...
Investing offers a way to potentially grow your money in a different way from savings. Many common investments involve the stock market. Head to the Ontario Securities Commission website to learn more about how investing...