The Tax-Free Savings Account (TFSA) was introduced in the February 2008 Federal Budget and will be available January 1, 2009. It is touted by the Government of Canada as ‘the single most important personal savings vehicle since the introduction of the Registered Retirement Savings Plan (RRSP)’ in 1957. As always, there are some rules: Must […]

Roger and Linda are approaching their retirement. With continuing volatility in the markets, they are concerned about what effect a market downturn in the few years leading up to or just after retirement would have on their income. They also think that GIC investments would not protect their retirement income very well from inflation. Like […]

You may not be ready for this. Despite all you may have heard, term life insurance is not better than permanent life insurance! And whats even more confusing, permanent life insurance is not better than term life insurance! Mathematically speaking, they’re equivalent.Term insurance is cheap initially, but its premiums usually increase at regular intervals, generally […]