Topic: Financial Planning

Tax-Free Savings Accounts have been available to Canadians for two years, yet only one third of Canadians have opted to open one for themselves.

You portfolio will benefit greatly from a blend of investments that remain liquid and accessible in addition to others that build slowly, locked-in, over the long-term.

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.

78 per cent of actively managed mutual funds under-perform the general stock market index.

Canadian renewable energy trusts are one of the many green investment options available to both Canadian and US investors.

Your credit score is one of the weightier elements used by lenders to determine your eligibility to receive financing and to decide the rate they will charge for your mortgage.

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.

Paying the absolute minimum amount on your credit card debt will cost you thousands of dollars in accrued interest.