Becoming a millionaire might be more achievable than young Canadians realize, according to a TD Canada survey. Just a fist full of dollars a month, provided the saving starts early. The TD Canada Trust Millionaire’s survey, which polled 689 randomly selected Canadian adults aged 18-34, reveals young Canadians, despite having the power of compounding on […]
In a Canadian Life and Health Insurance Association (CLHIA) survey conducted a little over a year ago 75% of respondents said they look to their financial advisor for estate planning advice and on average it had been five years since they were approached to review their needs and coverage.
A blessing for some, a curse for others, tax season is upon us again. It is a time for advisors to educate their clients on the tax strategies which will provide those lucrative tax-saving opportunities. Our special ‘Accounting Playbook’ highlights plans and insights you may or may not have considered that will better your clients’ […]
It’s RRSP season. Inevitably, clients who have waited until this final month to make 2010 contributions will ask lots of questions. Beyond “Should I make a contribution at all?” and “What should I invest in?” there is, “Should I contribute to a spousal RRSP?”
It’s no secret that gold prices have been rising steadily over the past decade and Canadians have been increasingly attracted to the precious metal. Holdings of bullion in registered accounts are now on track to break records, according to one gold investment provider. In 2007, discount online brokerage Questrade teamed up with Kitco Metals to […]
Young Canadians are shying away from RRSPs.
As one of Canada’s best savings programs and biggest tax breaks, the Registered Retirement Savings Plan (RRSP) should be wildly popular. However, Canadians are not taking full advantage of them. Year after year, over 90% of taxpayers eligible to make RRSP contributions fail to make the maximum contribution, leaving unused contribution room on the table.
B2B Trust has signed an agreement with Sentry Investments for the distribution of investment and RRSP loans, with B2B Trust offering preferred rates to Canadian investors buying Sentry mutual funds.
Despite the widespread adoption of the RRSP, one third of Canadians say they will not make a contribution to their plan this year, according to a survey commissioned by BMO Financial Group.
Your client just finished his or her last day of work and tomorrow begins the new adventure of planning out the retirement years. He or she is now thinking about winter vacations, golf-course memberships, summer trips with grandchildren and possibly even a winter home down south.