Top Platinum Credit Cards in Canada

Top Platinum Credit Cards in CanadaFor those people who have had a credit card for more than a few years, it could be time to start thinking about whether the card you currently own offers all of the benefits you want. For more established consumers, an option that is available is a Platinum card. Platinum cards generally offer more benefits over standard “classic” or “Gold” cards, but have correspondingly different restrictions. These cards also come…

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Segregated funds: The High Price of Security

Segregated funds: The High Price of SecurityDuring the RRSP campaign, I met one of my clients who held investments with Manulife for a while. During our meeting, he showed me his investment statements from the other company. He had invested in segregated funds for the past 10 years and wasn’t happy with the results. While I am not bashing Manulife (I still took it in my portfolio for our best 2010 stock picks contest), I can’t…

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The sad fate of labour-sponsored funds

The sad fate of labour-sponsored fundsRemember when all you heard from investment salespeople during the RRSP season was about the 30 per cent tax credits available on a labour-sponsored fund? Sometimes, they added the RRSP deduction and showed how 75 to 80 per cent of your contribution was subsidized. Sounded like a great deal, right? But did they also mention the sky high management fees or the fact that a portfolio of emerging businesses might…

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