A tax is usually charged when there is a transfer of assets in a province or territory of Canada. This includes gifts, inheritances, bequeathing and others. Usually there is no additional inheritance tax charged on the beneficiaries; instead the estate…
The Best RRSP Investments for Canadians is something that most investors may have a hard time finding information on. This is one of the most important considerations that one needs to make if they are going to be investing in…
Wealthica is a financial plan which has been designed for independent individuals like myself to get wealthy faster without any middle men or financial institutions getting involved. Wealthica is basically just like Personal Capital except in Canada. I joined Wealthica…
When you get involved in the Best TFSA Investments in Canada, you will be one step closer to financial freedom. There is no reason why Canadian investors cannot own a part of this fabulous country. There is nothing that says…
So, you want to invest your money in a mutual fund? Then you need to know what it is first. A mutual fund is simply an investment vehicle where investors pool their money and funds are pooled together. Investors can…
What is a mortgage broker? A mortgage broker is a professional who assists the individual in getting a mortgage. What they do is they identify the type of mortgage that you need and assist you in getting the best deal…
What is CDIC and how does it work? “CDIC” stands for the “cost effective competitive” insurance strategy adopted by a number of Canadian insurance companies. As of this writing, this group has about 30 companies and plans to expand in…
Home equity loans are popular for many reasons. For starters, they are convenient and hassle free. For people who have good credit, they can get approval within seconds. They are a quick means of getting the cash that one needs.…
What is the main difference between RSP Vs RRSP? As you might already know, RSP is an acronym that stands for Retirement Savings Account. However, when we refer to RSP, we are talking about a specific type of financial product…
What is CMHC Mortgage Insurance? CMHC stands for Canadian Mortgage and Housing Corporation, this is a Crown Corporation run by the Federal Government that was created to help people get a house in Canada with little or no down payment…
