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Sections tagged with: "Retirement Planning"
← Curating the web to find the most interesting and helpful
information about your money.
Saving
Rob Carrick's Stress Test with Shannon Lee Simmons, a Toronto-based certified financial planner whose core clients are millennials and Gen Z, about shifting views of retirement and how you can best prepare.
Podcast: Retirement might look different for Gen Z and millennials. Here’s how to plan for it →Saving
How much money do you need to retire?
Start planning for your retirement with our free calculator →Serious stuff
Canadians' confidence in their ability to retire on time and debt free declined between 2016 and 2022, according to a new research report released by the Canadian Public Pension Leadership Council (CPPLC).
Research shows Canadians losing confidence in their plans for retirement →Serious stuff
The Canada Pension Plan enhancement – Businesses, individuals, and self-employed: what it means for you
How does the CPP enhancement affect you →Word of the week
Deposit Insurance
Deposit insurance protects your savings if your financial institution fails. The Canada Deposit Insurance Corporation (CDIC) automatically insures your eligible deposits. This applies to deposits held at CDIC member institutions in Canada.
Find out if your financial institution is a member of CDIC →Word of the week
GIC (Guaranteed Investment Certificate)
"Guaranteed Investment Certificates (GICs) and term deposits are secured investments. This means that you get back the amount you invest at the end of your term. The key difference between a GIC and a term deposit is the length of the term. Term deposits generally have shorter terms than GICs."
Learn about the key details before buying a GIC →