Market Update for October 2017
October was a good month for both stock and bond markets around the world. With the end of the year just around the corner, now is a good time for some final tax planning before its too late.
RESP – What Happens If Your Child Doesn’t Go To School?
Question: My wife and I have a child, and have an RESP – Registered Education Savings Plan – individual plan for her education savings. We’ve been doing a good job of contributing to the RESP since our daughter was born so there’s a fairly significant balance in there now. My concern is that our daughter, who is currently 15, is […]
Ask Me Anything: RRSP Home Buyers’ Plan Edition
Q: Hi, my husband and I got married a few years ago, and we’re now planning on purchasing our first home together! He has about $40,000 in his RRSP and I have about $55,000 in mine. I’m wondering what your thoughts are on the Home Buyers’ Plan. Can you explain how it works? And do you think it’s a good […]
Market Update for September 2017 – Rising Interest Rates
Despite its historical reputation, September was a good month for stocks. Bonds didn’t fare as well as interest rates continued to rise.
Market Update for August 2017
August was a relatively good month for stock and bond markets around the world.
Get your first 10K managed for free
At ModernAdvisor, our goal is to help you meet your goals faster. And while we pride ourselves on offering professional investment management at a very low cost, we wanted to make it even easier to choose us to manage your investments. That’s why we’ve decided to eliminate management fees altogether if your total invested with us is 10K or less. […]
Market Update for July 2017
July was a difficult month for Canadian stocks and bonds, outside of Canada most stock and bond markets were positive.
5 Reasons to Start an RESP
In today’s knowledge-driven world, a post-secondary education is more important than ever. But because of increasing tuition costs, many students need their family’s support to pay for a college education. To help families save for their children’s post-secondary education, the government of Canada introduced the Registered Education Savings Plan (RESP) back in 1972. RESPs have evolved substantially since then and […]
