Investment

RDSP explained A Registered Disability Savings Plan (RDSP) is a savings plan recognized with the Canadian government that assists people with disabilities in achieving long-term financial independence. It is offered to those who qualify for the Disability Tax Credit (DTC) and allows funds to grow tax-free over time. Contributions can…

When someone dies in Canada, their investments are not immediately transferred to their loved ones. What happens next is determined by the type of investments they owned, whether they named beneficiaries, and how their estate was set up. For families, this procedure can be complicated and burdensome, especially when taxes,…

A trust fund may seem like something only wealthy families have, but that’s not necessarily true. An informal trust is a simple way for someone to manage money or assets on behalf of another person without complex legal documents. This happens often in everyday life for example, when parents save…

Infinite banking life insurance is a cash flow tool that uses a certain type of whole life insurance that enables you to save, grow, and access cash. The concept may seem like a scam in the beginning, but once you understand the basic concept, it’s simple. It’s just like using your own…

Life Insurance Beneficiary Vs Will Life insurance beneficiary and a will are not the same thing, but many people get them mixed up. A beneficiary is the person  you want to receive the payout from your insurance policy directly after you die. A will dictates how your real estate and…