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Welcome to the Synergy Solutions Centre!
Just click on the one of the questions below and you'll get a simple answer. If the question you have doesn't appear on this list, feel free to ask us and we'll be happy to help you in any way we can.
You can "search" through the questions and answers by entering keyword(s) into our search box. Or you can categorize the questions listed by a category name, such as borrowing or wealth services, by selecting one of the categories from the drop-down menu from our main page. You can also comment on each of these questions by providing a comment on our answer, where we could provide additional answers.
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Whether you know a little, or even a lot, about RRSPs or retirement planning, good advice is one thing that everyone benefits from. This RRSP Tutorial Video provides some basic advice on RRSPs, what you can do and how RRSPs could benefit you. more...
The savings account you are referring to that requires a social insurance number (SIN) is the Registered Education Saving Plan (RESP). An RESP follows guidelines that are determined by the federal government. For instance, an RESP eligible person must be a resident of Canada and have a SIN in order... more...
When you re in our 40 s, you have the dual advantages of life experiences and life expectancy. In the case of this person, they have a good idea of what to expect in terms of their earning power. They also have established themselves in terms of children, of their home, and their lifestyle. It s t... more...
When the Tax Free Savings Account came into effect in January 2009, it was heralded as an excellent new financial opportunity for Canadians. Under the current rules, every individual 18 years of age and older with a valid Social Insurance Number (SIN) can deposit a maximum of $5,000 per year into t... more...
A new baby girl…how exciting! Congratulations, and good on you for starting early to consider her financial future. The best savings option is the Registered Education Savings Plan (RESP). An RESP offers flexible deposit options…you can make one lump sum payment per calendar year (prior to Decemb... more...
Remember the Chinese proverb: The best time to plant a tree is 20 years ago. The next best time is today. It s always smart to put away money for the time in your life when you are not earning, or unable to earn, the same income you currently enjoy. And since you re now looking ahead, realize that... more...
There is an educational tab on Credential Direct s website, http://www.credentialdirect.com/ , that has an area on learning the basics and a link to The Investor Learning Centre which is Canada s first independent, not-for-profit organization solely dedicated to providing non-promotional investm... more...
You have several options available to you. You may even decide to approach this from a couple of angles. Firstly, saving for the short-term needs of your child and, secondly, looking to his future education funding.
Since he will not be requiring a chequing account in the near future, the monies... more...
As with many good financial strategies, this isn t really a case of either-or. The best plan is to work within a comfortable budget that enables you to make your mortgage payments and take advantage of the benefits of RRSP investment. The great news is that this could very well shorten the time yo... more...
Each company that offers a Tax-Free Savings Account (TFSA) will offer different product. Synergy Credit Union as an example offers a variety of TFSA eligible products: cash, iSave or 1-7 year term deposits. Other companies such as Credential Asset Management offer mutual funds*, and brokerage firms... more...
The two principal factors in saving are time and money. Fortunately, you have time on your side, and you can invest in a great plan called the Registered Education Savings Plan (RESP). It s a federal government-approved plan to encourage savings for post-secondary education, which includes career... more...
Your options for your MEPP (Municipal Employee Pension Plan) pension vary based on your particular situation. You may choose to leave your benefits in the plan as a deferred pension, transfer them to your new employer, or to a LIRA (Locked-in Retirement Account).
Saskatchewan legislation provid... more...
Comedian Henny Youngman once quipped, My accountant told me I have saved enough to live on for the rest of my life as long as I die by 4 o clock this afternoon. His joke points out a very important factor in deciding when to retire: your dreams and expectations.
Everyone is different. Do y... more...
This is a frequently asked question , and is definitely worth repeating.
Saving regularly is the foundation of any personal financial plan. In fact, when you demonstrate good financial savings habits, if at some point you are looking to borrow money, this is something lenders look at. Good mone... more...
Generally speaking, fixed term RESP investments cannot be transferred from another financial institution until maturity, whereas floating or variable rate investments can be withdrawn or transferred at any time. If the RESP is in mutual funds or securities it can generally be transferred at any tim... more...
During uncertain economic times your best strategy is to either reduce your debt or increase your savings, although doing both would be optimal. This provides flexibility so you can react to changes in the economy or your personal employment situation, if needed. If you build up reserves (savings... more...
You can open up a youth account at any age, but until the child can handle the responsibility or have a need for a chequing account, doing so is not necessary.
Instead, you could simply deposit the monies to a Synergy iSave, or Wealth Accumulator with as little as $25 per month, within a sub ac... more...
Returns on stocks* and bonds* are set by the marketplace, and may fluctuate on a daily basis. This is certainly evident when you browse the financial section of your newspaper or check prices online. Normally, bond prices will fluctuate each day, but not as much as stocks.
When you select a part... more...
Synergy Credit Union is a full-service financial institution that offers a variety of investment options to suit your needs and help you achieve your goals. You have a couple of investment options to maximize your tax deductions.
If you are in a lower marginal income tax rate, you may want to c... more...
You may choose both! Use your savings account and other non-registered savings products for day to day saving and a Tax-Free Savings Account (TFSA) for long-term savings.
The benefit of investing within a TFSA is that the investment income earned is non-taxable. You can invest up to $5000 per ... more...
Just to be clear, we are not accountants at Synergy Credit Union. If you are looking for tax recommendations, we encourage you to speak with your accountant. However, we have fully qualified, experienced and knowledgeable financial experts who can assist you with your financial objectives.
What... more...
If you choose a guaranteed investment such as a term deposit for your RRSP contribution, the advantages of contributing monthly are two-fold.
First off, you avoid the last minute scramble to fund your contribution by the deadline. And for most people, it is easier to come up with a smaller mo... more...
You can contribute to your RRSP up to and including the year you (or your spouse for a spousal plan) turn 71, at which time you must purchase your retirement income options. However, whether you to choose to contribute to your RRSP now or not may depend on your taxable situation. If you are current... more...
Deciding where to do your banking is like choosing other professionals in your life. You look for someone you trust, someone who is knowledgeable, someone who is looking out for your best interests and someone who shares the same values as you.
One of the most notable advantages of belonging... more...
As a matter of fact we do. Our financial planning service, which is available to Synergy members at no charge, is the place to get answers. As you can imagine, there s no general rule as to how much is needed for retirement because we all have very different concepts of what comfortable retirement... more...
What can we offer you? Synergy Credit Union offers a full array of investment options, from guaranteed rate deposits and access to mutual funds*, and individual securities* through our partnership with Credential Securities Inc.
Synergy s most important concern is you. Yes we offer investment ... more...
The two principal factors in saving are time and money. Fortunately, you have time on your side, and you can invest in a great plan called the Registered Education Savings Plan (RESP). It s a federal government-approved plan to encourage savings for post-secondary education, which includes career... more...
In uncertain economic times we encourage members to exercise good money management skills. It s really just back to basics.
1. If you haven t already done so, establish a three-month emergency fund. That s three month s salary set aside to carry you over in case of job loss, unforeseen... more...
The easiest way to prepare for your child s educational future is by contributing to a Registered Education Savings Plan (RESP).An RESP is a government approved plan for the purpose of providing post-secondary education funding. By starting now, you can grow your education funds by making affordabl... more...
Yes, we do offer Registered Education Savings Plans (RESPs). An RESP is a government approved plan for the purpose of providing post-secondary education funding. By starting now, you can grow your education funds by making affordable, convenient deposits that earn income that is not taxed until it ... more...
One of the most notable differences is credit unions are member-owned. As shareholders, our members are in the driver s seat determining the direction of their credit union. And we do listen and act accordingly, with decisions that are made locally, not from a distant head office. An added member b... more...
RRSPs are beneficial if you have earned income and can utilize a tax deduction. To determine how much you can contribute, refer to your last Revenue Canada Notice of Assessment or contact the agency for your allowable RRSP contribution limit. If you want to max out your contribution, then simply ... more...
The amount of investment return is dependant on the type of investment you choose. And the type of investment you choose should match your goals, timelines and risk tolerances.
If security is important to you, or if you need to have access to your funds within a few years, term deposits may be ... more...
No, you shouldn t wait until you pay off your mortgage to invest in your retirement. You need to establish a regular savings plan and invest in your Registered Retirement Savings Plan (RRSP) as early in life as possible to take advantage of time and compounding interest. There is a major upside t... more...
Children are never too young to learn money management skills that can carry with them throughout their lifetime. Remember, even good habits are hard to break!
Start by giving them a weekly allowance and require that they account for where the money was spent. This exercise will allow your chil... more...
We would encourage you to have a consistent savings plan, regardless of the economy. Saving is a good habit to have and the easiest way to save is to pay yourself first . As soon as you get your paycheque, dedicate 10% of your take home pay to your savings plan. If you pay yourself first , you wo... more...
You can contribute to an RRSP until the year of your 71 st birthday (not your date of birth, but before the end of that calendar year). There are some exceptions though that may be available to you. For instance, this may be the case if you are contributing to a spousal RRSP and your spouse is you... more...
You have a couple of ways you could approach this and it will depend, for the most part, if you wish to keep these funds under your control until such time as you wish to distribute the money to the children, or you could start a formal education fund which will be designated for the children now. ... more...
All financial institutions that offer a Tax-Free Savings Account (TFSA) must follow the same rules for maximum contributions, however minimums will be based on individual product offerings and will vary across institutions. The basic details of the TFSA follow guidelines as set by the Government of... more...
As a grandparent, you have several ways you could approach this.
The monies could be deposited to a Synergy iSave, or Wealth Accumulator with as little as $25 per month, within a sub account under your existing account. The sub account could be set up with the child s name for easy reference. S... more...
The gift of education. What could be more perfect for the young people in your life? As a grandparent, funding your dream for those you love is made easy with a Registered Education Savings Plan (RESP).
An RESP offers flexible deposit options…you can make one lump sum payment per calendar year (... more...
The best savings option is the Registered Education Savings Plan (RESP).
An RESP provides tax advantages and flexible deposit options. You can make one lump sum payment per calendar year (prior to December 31 st ) or set up convenient automatic monthly deposits. For as little as $25 per month f... more...
Congratulations, and good on you for starting early to consider his or her financial future. The best savings option is the Registered Education Savings Plan (RESP). An RESP offers flexible deposit options…you can make one lump sum payment per calendar year (prior to December 31st) or set up conv... more...
It is great to see that you are making saving for yourself and your children a priority. If you have to choose one over the other to focus on, you may choose your RRSP at this time. There are those who point out your kids can get a student loan but you can t borrow for your retirement.
There is ... more...
If your mother intended this very thoughtful gift to be used for your children s education, then RESPs are an appropriate choice. For example, if you contribute $2500, the Canada Education Savings Grant will pay up to 20%, which equals about $500 per child. This certainly adds up over time.
An R... more...
There are several options for a parent, guardian or loved one to consider when investing for a child. The monies could be deposited to a Synergy iSave, or Wealth Accumulator with as little as $25 per month, within a sub account under the adult s existing account. The sub account could be set up wit... more...
When your term deposit renews, the interest rate will reflect current market rates at the time of renewal. Prior to your renewal date, you will receive a notice that provides the specifics of your maturing term deposit. If you wish to modify your terms, for instance investment timeframe, you will n... more...
So first off, let s compare the two.
A TFSA (Tax-Free Savings Account) is for everything in life (vacation, car, or another goal tax-free), an RRSP (Registered Retirement Savings Plan) is primarily intended for retirement savings. You use after-tax dollars to contribute to a TFSA, but use pre-ta... more...
The Prairies Basket™ Equity Linked Term Deposit is an investment offered through our provincial SaskCentral to participating credit unions. This investment bases its return on the performance of 12 companies that are household names on the Prairies. The capital is guaranteed by your credit union ... more...
Ensuring you are adequately funded in your retirement can be unnerving especially when you consider at age 65 you could, and hopefully will, require income for a further 25-30 year timeframe.
The Tax-Free Savings Account (TFSA) is definitely a program that will be beneficial to you. A TFSA can b... more...
It s never too late to start saving for retirement. And if you are determined, and dedicated to providing a nest egg for yourself, you can make it happen.
If you are at your peak earning years and, if you believe your marginal tax rate will be lower at retirement, you should consider maxing out ... more...
It s essentially the difference between investing in companies through stocks/shares (buying equity ) and lending your money to an organization, who in turn promises you a rate of interest ( income ).
Equity-based investments are held in the anticipation of dividends and growth in the value of... more...
This is another one size does not fit all scenario. You can grow your money, for example, with GICs, mutual funds*, stocks* and bonds*, which may be held in non-registered plans or RRSPs, TFSAs, etc. Depending on your savings objectives, timeline, and risk tolerance you may choose one or a combin... more...
At your stage in life, you have the most amazing financial tool working for you. Time. And the earlier you start, the better. You ll get the power of compound interest and long term market exposure working for you.
The maximum RRSP contribution for the 2009 tax year is 18% of your 2008 earned i... more...
There are significant differences in the investment options you have inquired about.
GICs purchased through Synergy Credit Union are fully guaranteed deposits and you know upfront what your rate of return will be (click here for rates). Savings accounts are also fully guaranteed deposits at... more...
It is likely you are at the peak earning years in your career and, if you believe your marginal tax rate will be lower at retirement, you should consider maxing out your RRSP contributions. This will shelter your current earned income and defer your income tax payable until you are at a lower margi... more...
If you are still working for this employer, your pension plan will be customized by the company that you are working for. Many pensions ask you to make a contribution, and your employer makes contributions for you on your behalf. You most certainly want to take advantage of the money your employer ... more...
The benefits of contributing to a TFSA are many. A TFSA is flexible and can be used for a variety of investments such as variable interest saving accounts, term deposits, guaranteed investment certificates, mutual funds and publicly traded securities and more. Any earnings in your TFSA plan gro... more...
It s never too late! And now that you re ready to start saving, pay yourself first. Immediately when you receive your pay cheque, allocate 10% to dedicate to your investment plan. It may sound like a lot, but you d be amazed how many people say that after a while, they don t even miss it.
Your ... more...
You can trade stocks* online via the Credit Union system owned discount brokerage, Credential Direct .
Each discount brokerage attempts to cater to various markets and I assume you qualify for active trader status at TD. At TD, if you do more than 30 trades per quarter you pay $9.99 per trad... more...
Once you have established your emergency fund of 3-6 months of living expenses then it s time to plan how to grow the extra dollars you have. Your plan should be geared to match the timelines for when you will need to access your funds.
You can grow your money, for example, with GICs, mutual fu... more...
Synergy Credit Union is a full service provider of financial products, such as guaranteed investment certificates (GIC s), and can provide you access to mutual funds* and individual securities* through our partnership with Credential Securities Inc.
If you re just starting to contribute or find ... more...
Firstly, you may want to check your crystal ball and determine what you see in your retirement future. Is your taxable income in retirement going to be higher or lower than it is today. If you believe your taxable income today is higher, then RRSPs are best. Get your tax deductions now to reduce ... more...
Your question is probably referring to the tax free savings account or TFSA. It is an excellent way to save and earn tax free investment income. The TFSA is just one of many investment plan options that may be of interest to you.
The best way to make your savings grow is simply to make the ... more...
Not at all and it doesn t take a lot. The important thing is just that, get started now.
To begin with, for instance, you could choose a Wealth Accumulator where you can lock in term deposit rates with an investment amount of as little as $25 per month. You could have this set up so it s automat... more...
Yes! You can withdraw all or any amount of your money tax-free, at any time from a redeemable Tax-Free Savings Account. In one sense, it is just like a regular savings account, where you can withdraw and deposit as you wish (up to the maximum contribution level). Amounts you withdraw are added to y... more...
Yes, Synergy Credit Union does offer Canada Savings Bonds on a seasonal basis, as prescribed by the Government of Canada. The CSB s rate of return is announced by the Government of Canada at that time and purchasing your bonds through Synergy is easy…simply give us a call. You may want to mark your... more...
There s no need to scatter your dollars and create a record-keeping nightmare. A ll deposits and their accumulated investment income, from $1 to a million, held at Synergy Credit Union are fully guaranteed. We are very proud of our deposit guarantee. So how does credit union protection diffe... more...
Interest rates are influenced by our regional and national economies, the rates as set by the Bank of Canada, and fluctuations in the global marketplace.
When will rates rise? There is no certainty and expert opinion varies greatly. As the economy picks up, rates should rise. Currently, longe... more...
Interest rates are influenced by our regional and national economies, the rates as set by the Bank of Canada, and fluctuations in the global marketplace.
When will rates rise? There is no certainty and expert opinion varies greatly. As the economy picks up, rates should rise. Currently, longe... more...
Yes, a TFSA is an excellent way to invest and earn tax free investment income. A TFSA is flexible and can include a variety of investments such as variable interest savings accounts, term deposits, guaranteed investment certificates, mutual funds*, and publicly traded securities* and bonds*.
Ho... more...
A: Yes, the Home Buyers Plan allows you to withdraw up to $20,000 (for the year of 2008) from RRSPs to buy or build a home for yourself. If you are married, your spouse can also withdraw up to $20,000 (for the year of 2008). This program is for first-time homeowners, which means neither of you owne... more...
Yes, your interest rate will change to reflect current market rates at the time of your RRSP s renewal. Prior to your renewal date, you will receive a notice that provides the specifics of your maturing RRSP investment. If you wish to modify your terms, for instance investment timeframe, you will n... more...
How you structure your investment portfolio depends on what you want to use the money for. It also depends heavily on when the funds are going to be needed. Check out our Investor Profile Questionnaire , this questionnaire is designed to help you outline your investment risk tolerance based on y... more...
This is another case of one size does not fit all . It really depends on your goals and objectives, and your marginal tax rate. Check out our Investor Profile Questionnaire , this questionnaire is designed to help you outline your investment objectives and personality.
If you believe your ta... more...
Fortunately, this isn t a question of either or . You can in fact do both. Here s how.
The first step is to check your RRSP situation and your contribution room (the amount you can still put into your RRSP without going over your limit). You are allowed to contribute up to 18% of your gross ann... more...
The big picture, in a nutshell, for you, a combination of debt reduction and income protection is a great place to start. You must build a secure foundation before anything else.
The first step is to see where your money goes. Quite possibly there are additional funds that could be freed up for... more...
If your taxable income today is higher now than you believe it will be in your retirement years, then RRSPs are still an excellent option for you. The key is to maximize the benefits of your RRSP by taking the next step.
After purchasing your RRSP, invest your tax refund in a Tax-Free Savings... more...
Taking money out of your RRSP (for purposes other than retirement or using your RRSP to participate in the Home Buyers Plan) is possible. However, withdrawing from your RRSP does have consequences and, in most situations, may not be advisable.
You can take funds from a variable RRSP at any ti... more...
That depends on the product you select and the risk level you are comfortable with. If security is important to you, term deposits are fully guaranteed and provide a variety of timeframes to suit your investment horizon. For a current rates on term deposits, click here . However, if you are willin... more...
How do you grow your money? And where do you start?
Once you have stashed your emergency fund of 3-6 months of living expenses, then it s time to plan how to grow the extra dollars you have. The operative word is plan . You need a plan you can commit to and work towards. A good first step woul... more...
RRSPs are beneficial if you have earned income and can utilize a tax deduction. To determine how much you can contribute, refer to your last Revenue Canada Notice of Assessment for your allowable RRSP contribution limit. If you want to max out your contribution, then simply divide that number by ... more...
The best way to invest your money is with confidence. And confidence comes when you have an investment plan that reflects your personal goals, objectives, timelines and risk tolerance.
Synergy Credit Union offers a multitude of investment options that we re certain could be perfect for you. Wh... more...
It s always a good idea to have a savings plan. You can make your money work for you by earning interest until such time as you need your cash. Your savings plan could be set up to allow maximum accessibility. How? Use a trickle down approach.
By having a chequing account at Synergy your Dail... more...
We re glad you asked! When considering credit card debt, it s helpful to look at it this way: If you saved $100 in a savings account for one year at 1%, at the end of the year you would have made $1. If you owed $100 at 20% interest charges and made minimum ( interest-only ) payments, at the end ... more...
It s safe to say, paying down debt is never a bad thing and it is the ultimate goal in the end. But what are your options?
Off the top, let s assume that you don t need this extra money for living expenses in the foreseeable future.
If your debt servicing requirements are high compared t... more...
It s a very good question. In some ways, TFSAs and RRSPs are almost mirror images of each other.
A TFSA is for everything in life, an RRSP is primarily intended for retirement savings.
You use after-tax dollars to contribute to a TFSA, but can use pre-tax dollars for an RRSP.
You can t cla... more...
Planning your work life exit strategy can sometimes feel daunting. You want the choices you make to provide the best possible outcome for your retirement years. By exploring your options now, you can put together a plan that you can be comfortable with. With your personal financial affairs attended... more...
In short, the Smith Maneuver is taking equity in your home, either current or when you pay down your current mortgage, and then borrowing against that equity to fund a non-registered investment, thus allowing you to deduct the interest costs on the money borrowed to invest.
In most instance... more...
Without knowing the specifics, this is very difficult to answer. Depending on your long term plans, either way could help you achieve your goals.
A suggestion would be to discuss your long term plans with an investment specialist. Establishing an investment plan is important because it create... more...
The RRSP iSave provides flexible access to your funds and is generally used to park your money until you make a longer term decision. The interest rate floats and will go up and down depending on what short term rates in Canada are doing at the time.
The 12-month cashable is a term deposit that ... more...
Because you have said you want to buy a house soon , you should not take any risks with these savings. And during this window of opportunity, Synergy has a number of options that would allow you to maximize your interest earnings.
If you need complete flexibility, so the savings can be used fo... more...
Not an easy question to answer, since a decision either way would be contingent on many factors based on your individual situation. So, not knowing your details, the following is just one possible scenario.
If your taxable income is under $38,000, you would likely be better to take advantage o... more...
Yes. You can set up minimum $25 monthly automated scheduled deposits from your chequing account. This applies to both plans offered by Synergy the Registered Education Savings Plan with guaranteed deposits via Concentra Financial; and mutual funds via Credential Asset Management. Each deposit is ... more...
Your question couldn t come at a better time for your stage in life. The earlier you start, the better, thanks to the power of compound interest and long term market exposure.
The maximum RRSP contribution for the 2009 tax year is 18% of your 2008 income up to $21,000. However, there s no quick... more...
Your accounts, such as a Daily Savings account, can become inactive when no transactions occur after 3 months. Making a deposit to your account would reactivate them, or you can ask us to do this. However, after three months they will then become inactive again. To avoid this, you can ask us to lin... more...
For short term savings, a Synergy Credit Union iSave is flexible and carries a better rate than our standard Daily Savings Account, if the account balance exceeds $5000. For longer term savings, your son could opt for a Wealth Accumulator where you can lock in term deposit rates with an initial dep... more...
The Tax-Free Savings Account (TFSA) was introduced by the Government of Canada to encourage people to save. The benefits of contributing to a TFSA is that all investment earnings on your TFSA grow tax sheltered. Tax-free money, no loop-holes, no claw backs. A TFSA could quite possibly grow to becom... more...
It s always smart to be looking out for tax deductions but in this case, the short answer is no.
Pension funds are generally a retirement investment that has been contributed to by both you and your employer. If you refer to your pay stub, your portion of pension contributions has been deducted... more...
Sometimes it does - but keep in mind that you need to have the ability to make the payments for the investment loan from your current resources. You should not rely on the investment to cover your loan payments as the return on investment can go up or down but your loan payment will stay the same. ... more...
20s: Establish a good credit rating. Credit is important for borrowing money, renting apartments, renting cars and even getting a job. The best way to establish credit is to do it at a slow pace, rather than building up too much debt at once. Instead of signing up for several credit cards, limit ... more...
30s: Remember when turning 30 seemed far off? Retirement seems a long way away when you're 30, but it's a good time to start saving so that you can retire in comfort. That's especially true for today's 30-year-olds, who are a lot less likely than workers in their fifties to retire with a monthly ... more...
40s: By now, retirement is not so far off. 40 year olds are in their peak earning years and should be well on their way to reaching long-range savings goals. Except that for many of us, life gets in the way. Many people in their 40s don't have a well-defined retirement strategy. Others save, but ... more...
In addition to high rates of return, access is also an important consideration in any savings plan. Once you have accumulated and tucked away your emergency fund, approximately 3 - 6 months (or even 8 months is better)worth of living expenses, you may consider laddering the balance of your saving... more...
Never say never, but the intent is NO. Synergy maintains the iSave as a competitive investment product offering of the best interest rates in the market. So go ahead, compare apples to apples, and check it out. We re confident the very popular iSave has gained its following for good reason.
more...
Everyday is a good day to invest. And you can, even with safety and security in mind.
For cautious investors, as little as $25 a month contributed to a Synergy Wealth Accumulator, as an example, can provide you with a very competitive interest rate over a period of time of your choice.
... more...
The best savings option is the Registered Education Savings Plan (RESP).
An RESP provides tax advantages and flexible deposit options. You can make one lump sum payment per calendar year (prior to December 31 st ) or set up convenient automatic monthly deposits. For as little as $25 per month f... more...
Security of your hard-earned investment dollars is paramount. And, not all financial institutions are the same.
There are a number of differences with the main being that Saskatchewan credit union deposits are fully guaranteed (no dollar limit) through Credit Union Deposit Guarantee Corporation... more...
As a young person, you have the most amazing financial tool on your side. Time. It s the time factor in an investment equation that really makes a huge impact. If you start investing for your retirement at a young age, the magic of compounding interest kicks in and really gets your money working fo... more...
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