Discover financial empowerment resources
Discover financial empowerment resources
People save for different reasons. For instance, you may want to save for emergencies, or for your children’s education, or for your old age. Having goals for your savings helps to keep you motivated. You sleep better knowing you have some money set aside. Saving accounts earn interest. That...
Budgeting and saving are the core building blocks of financial stability and sound financial decision making. In this toolkit you'll find helpful resources and worksheets on goal setting, making a budget, and saving money. We are grateful to The Working Centre in Kitchener-Waterloo, Ontario for...
A CIRO Member is an investment firm regulated by CIRO who must follow CIRO’s rules, including rules for handling client complaints. Clients of a CIRO Member who are not satisfied with a financial product or service have a right to make a complaint and to seek resolution of the problem. CIRO...
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...
Remember these three things when working with an...
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....
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...
Here are some basic rules to keep in mind before you start on your investing...
Tips on how to read you investment account...
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...
Interest rates may have an important impact on your finances. In this article learn about the different types of interest...
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...
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...
Learn about typical financial scams including scams involving the internet, and seniors and...
Unfortunately, if you are the victim of financial fraud, you may also be dealing with identity theft and financial losses. It can take over a year to recover from this type of crime. It is up to you to put your financial life back in...
When your advisor asks you whether you want to name a Trusted Contact Person, it is something worth considering. Naming a Trusted Contact Person could help your advisor or investment firm to respond to possible situations of financial abuse or fraud affecting your account. It allows your advisor to...
Tips to help protect yourself against fraud and...
Fraudsters are master manipulators who leverage relationships to build trust and exploit you financially. Technology makes it easy to become a victim as bad actors can, pretend to be someone you know online, or use artificial intelligence to trick you. According to data from the Canadian Anti-Fraud...
The adoption of Artificial Intelligence (AI) has become the latest selling point for many businesses in the investment industry, AI aims to improve the investor experience by making better, more informed decisions than investment advisors or you, yourself could make. AI enabled advisors, for...
Risk is an important factor to consider when investing and planning for your future. We all work hard for our money, so it makes sense that we would want the highest possible returns from our investments. But when thinking of investing and possible returns, it is important to understand risk. In...
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...
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...
Investing is a strategic journey, and understanding how your investments are helping or hurting you achieve your financial goals is crucial for making the best financial decisions. Whether you manage your own investments, are professionally advised, or eager to learn more before starting your...
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...