Are you a Canadian saving for your future retirement? You are not alone. For anyone looking to maximize their financial resources in the future, a series of risk-averse investments where your money is safe is recommended.
There are several different investment options in Canada, some of which are pretty standard among Canadians. It’s important to know all your available options, how certain types of investments work in Canada, and common, tried-and-tested ways to protect your savings.
Here are the ten best investment options in Canada, as we discuss each option in greater detail:View post
Guaranteed investment certificates (GICs) have always been a smart investment. While they may not offer returns as large as others such as stocks and bonds, they are safer, providing the investor with their original investment plus a little bit of interest depending on the term agreed to.
While interest rates across the country are similar, there are still many steps you can take to maximize the return that you receive on your GIC once you cash out or the term ends. Below are some of the ways you can get the best GIC return possible.
Bank loans involve stages of paperwork to finally get an approval. Issuance of loans are not limited to banks. There are several other financial institutions that can offer a certain loan amount to small business owners, usually within the range of $1000 to $300,000.
Your mortgage is likely the biggest loan you will ever need to pay off. Staying committed to your mortgage payment plan is important for a number of reasons. Not only do you want to maintain a good credit rating with your mortgage lender, but you also want to avoid paying any late fees or penalties.View post
Financial fraud involves the use of misleading, unfair, deceptive and false business practices to trick innocent civilians. College students and senior citizens are often targeted by fraudsters, but no one is safe. During the COVID-19 pandemic, financial frauds have been on the rise due to fear or financial need.
Careers in health care continue to make up some of the top jobs in Canada. Considering how our population continues to age and will require more health assistance moving forward, health care professionals are going to be called upon to meet the high demand. The best paying medical jobs are largely focused on serving the senior population, although they don't cover all of the jobs. Some of the best paying family physicians may even have a higher income than lawyers.View post