The Canada Child Tax Benefit, or CCTB, is available to eligible families to help with the cost of raising their children. This is a non-taxable monthly payment that is based on your family net income. Family net income is your net income from your last tax return plus the net income of your spouse or…
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Monthly Archives: July 2009
Workers Feel Less Loyal To Employers
Ipsos Reid recently released a poll from their Build a Better Workplace study that showed 22% of those polled expressed decreased loyalty to their employer. More concerning is that the number of employees feeling less loyal increases to 31% at companies where salaries have been frozen. Even worse at organizations that have recently had layoffs,…
Alberta Centennial Education Savings (ACES) Plan
With our first child on the way, I’ve been looking into Registered Education Savings Plans (RESPs) with a plan of making the $2,500 annual contribution necessary to receive the maximum Canada Education Savings Grant (CESG) of $500 each year. While researching this, I found out about another grant called the Alberta Centennial Education Savings (ACES)…
Friday Links
Canadian Tax Resource discusses how to get credit. Penny Jobs lists 10 reasons why this is an excellent time to finish your basement. Today’s Economy Blog looks at the war for talent. Good Financial Cents asks what kind of investor are you right now? Money Smart Life has some home inspection tips when buying a…
Build A Guaranteed Investment Certificate (GIC) Ladder
Guaranteed Investment Certificates (GIC) provide a guaranteed form of income provided you lend your money for a set amount of time. There is a way to increase the flexibility of when you can withdraw and decrease the risk of investing at a low interest rate. GIC laddering involves splitting up your investment into separate terms….
Are Guaranteed Investment Certificates (GIC) Risk Free?
Yesterday we discussed what is a GIC, lets now look into any risks associated with a GIC. Guaranteed Investment Certificates are generally considered to be risk free investments. However, there are some risks that you need to be aware of and also some ideas to reduce those risks. Since your principle is guaranteed, and your…
What Are Guaranteed Investment Certificates? (GIC)
Guaranteed Investment Certificates, or GICs, are a form of investment where you agree to lend money to a bank for a set amount of time. The bank agrees to pay you a certain percentage of interest to borrow this money. The amount of time might only be 90 days or as much as 10 years….
