Investing in Group RESPs?

Investing in Group RESPs?Quite possibly one of the greatest things you can do for your children’s future is to open a Registered Education Savings Plan (RESP) for them.  This specialized registered account carries several benefits that ultimately help build money towards your child’s college education. Such benefits include being entirely tax free and the ability to receive government education grants to boost your balance.  Because the cost of college is always rising it…

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Markets and Impacts from Terrorism

Markets and Impacts from TerrorismA wave of violence has been gripping the world for the past few months, including the most recent one in Nice, France on Bastille Day where 84 (and counting) had been killed from a lone truck driver whereby early reports are conflicted if ISIS was involved.  And then there was the killings in Orlando back in June that took 49 at the Pulse nightclub. And the incident at Istanbul’s airport…

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5 Things Investors Should Know But Probably Don’t

5 Things Investors Should Know But Probably Don'tCanadian investors love to think they are true masters of their financial kingdom when in practice most studies show many of us don’t realize small insights that could be very beneficial. We’ve uncovered some interesting things, shown below, that every investor should know. What are your thoughts? Have any more? Leave them in the comment section below. By far the cleverest way to save the most in exchange fees when…

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Bitcoin and the Magic of Blockchain

Bitcoin and the Magic of BlockchainUnless you’ve been living under a rock for the last few years you likely are familiar with the term: Bitcoin.  However, for those unfamiliar, Bitcoin is a digital currency which acts very much like paper money which can be used to purchase goods or even exchanged for real paper currency like Canadian or U.S. dollars.  It’s also a payment method so anyone can send and receive money anywhere in the…

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ULTIMATE Questrade Review 2017

Editor Rating: ( 90% ) – User Rating: ( 95% ) – When it comes to investing in 2017 the trading landscape is bathed and bursting at the seams with countless financial brokerage houses. Big names like BMO InvestorLine, RBC Direct Investing, TD Direct Investing, Interactive Brokers, Scotia iTrade, and at least a dozen more are available to chose from. Sadly, through deeper analysis one can’t easily distinguish distinctive differences…

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Bitcoin ATM Money Reinvented

Bitcoin ATM Money ReinventedWith bitcoin becoming more commonplace in every facet of life the first ATM machine in Canada has popped up offering customers with new choices.  Canada has always been at the forefront in financial technology the world-over and offering bitcoin seems like a logical next step.

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Canada – A Nation of Debt, A Nation of Prosperity

Canada - A Nation of Debt, A Nation of ProsperityCanadian now owe almost two-thirds more in debt than they use, or have available, for available income according to Statistics Canada.  For 2012, the rise in debt was higher in every category with mortgage and consumer debt surpassing a combined $1.6 trillion. As Canadians continue to enjoy spending without restraint or apparent interest in saving the debt rose 5.5% higher int he last three months of 2012.  Not all is…

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The Trade Deficit Hits $2 Billion

The Trade Deficit Hits $2 BillionStatistics Canada has compiled their latest trade deficit numbers against the world for Canada revealing a marked $2 billion milestone in November from $552 million back in October.  The rise is due primarily to the fall in exports by 0.9% and the continued increase in imports (climbing 2.7%). With electronics and related equipment once again leading the way in imports ($39.5 billion) and motor vehicles coming in a close second,…

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