Segregated funds (set funds) are an investment product. Insurance companies sell these individual insurance contracts that invest in one or more underlying assets, such as a mutual fund. Unlike mutual funds, segregated funds provide a guarantee to protect part of the money you invest (75% to 100%). You are guaranteed to get some or all of your principal investment back, even when the underlying fund loses money. …

A tax Free Savings Account (TFSA) is an account in which Canadian residents 18 years and older can save or invest. Income earned on contributions is not taxed. The TFSA account-holder may withdraw money from the account at any time, free of taxes. The Canada Revenue Agency (CRA) describes the difference between a TFSA and an RRSP as follows: “An RRSP is …

Congratulations! You are a proud parent! This might be the most exciting time of your life, and quite frankly, it’s probably one of the scariest times too! This precious life that you have created is looking to you for the teaching, guidance and love that will take them to adulthood. Oh, and provide the financial support to make their dreams …