Archive for September 2012

Number 3 on our list of things on which Canadians waste the most money is 5-year fixed mortgages. They are marketed as being safe and a good protection against a sharp rise in interest rates. The reality, though, is that they are nearly always a huge waste money, they limit your flexibility and result in…

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Why do you invest with “All Star Fund Managers”? When you’re planning for your future, you need to have a sound investment strategy that gives you confidence that you will eventually have the retirement you want. The best way to understand this is with a hockey analogy.

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In Canada, government benefits are often paid only to those with lower incomes and then “clawed back” based on your income. Clawbacks are really additional income tax. Understanding clawbacks is a critical part of knowing whether to invest in RRSPs or TFSAs. The correct answer depends on your tax bracket while working compared to your…

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