The Basics of TFSAs

A Tax-Free Savings Account, more commonly known as a TFSA, is a savings account that can hold cash as well as investments. The TFSA was introduced to Canadians in 2009. Any Canadian over the age of 18 who has a SIN number can open a TFSA. How a TFSA Works TFSAs work...

Understanding Life Insurance Riders

Life insurance is a flexible product that allows a policy holder to tailor the policy to their specific situation. One of the ways they do this is through the use of policy riders. Riders are additional benefits or conditions that are added to an insurance policy....

A Bit About NFTs

NFT stands for Non-Fungible Tokens. They are unique digital assets that can be stored and sold at a higher value to an interested buyer or collector. NFTs are also based on blockchain technology. They could be digital arts, videos, audio, and tweets. The literal...

The Value of Participating Life Insurance

Participating insurance can serve a variety of purposes for both individuals and businesses. For business owners, it may work well as a tax planning vehicle. For individuals, it may serve as a way to provide a modest inheritance to their loved ones after they are...

How Rising Interest Rates Work

If there is ever a time to start understanding how interest rates work, now might be it! The Bank of Canada, U.S. Federal Reserve and other central banks have been raising interest rates consistently since inflation has been rising rapidly as the pandemic ends, the...