Financial Library

The Quick Start RRSP

Maureen, age 20, figures she can save $325 each month; or she can keep frittering it away at the mall. She lives with her parents and they think she should save it. Dad says, ‘Put it into an RRSP and …

Can you spot a Ponzi scheme?

On June 29, 2009, Bernard Lawrence ‘Bernie’ Madoff was sentenced to 150 years in prison for perpetrating what has been called ‘the largest investment fraud in Wall Street history.’ Actual losses have been estimated at $64.8 billion by prosecutors. Apparently, …

The last year or so has been a very rude awakening for many. Too many people today are so busy living a lifestyle, they forget that emergencies may need to be dealt with. It’s all too easy to take one’s …

On May 25, 2009 Finance Canada announced some proposed changes to how Canada Pension Plan will work. If approved, the changes will take effect over a period of time from 2011 to 2016, so they will affect anyone planning to …

Statistics show that about half of marriages end in divorce. Ed and Liz are ending theirs and are concerned about changes that will have to be made to their financial and estate plans. Some considerations, also in common-law relationships, are: …

Uncertain economic times and rising rates of unemployment are creating a new breed of desperate people. Some are turning to frauds and scams as a way out of their troubles. Others are becoming more susceptible to schemes they had hoped …