One way that you can make the most of the CEIRP plan is to consolidate your other investments into CEIRP. Not only will you be able to take advantage of our well-managed investment funds, you can also take advantage of our low fees, which means you invest more of your money. Here’s how [...]
One of the most common calls that the Canada Life call centre receives is about transferring money between a Non-Registered Savings Plan (NRSP) and Registered Retirement Savings Plans (RRSP), especially near the end of the year. Now members can manage the process themselves by downloading the transfer form from mycanadalifeatwork.com. How to download [...]
Almost on a daily basis across Canada, we are hearing news reports about how expensive life is becoming. It just seems as if today’s financial news isn’t very positive and it’s hard to know when things will improve. But there are adjustments we can do right now to manage these increases and calm [...]
Now that school is back in session, here’s a quick reminder of how the Registered Education Savings Plan works: It is a tax-sheltered account to save money for a child’s education Parents, grandparents, guardians, family members and friends can open an RESP It provides grants (CESG) and various other incentives Individual and family [...]
If you and/or your spouse/common-law partner are thinking about going back to school, you can fund it by withdrawing $10,000 annually, up to a $20,000 maximum, from each of your RRSPs. Once you have finished your studies, you have ten (10) years to redeposit the amount you loaned yourself back into your RRSP [...]
If you were looking to rent a new apartment, would you know how to check your credit score? Even if you’re not looking to move, having an idea of where you stand with your creditors is another part of having a solid financial plan. The good news is that you can download a [...]
We’ve all seen the headlines: almost every part of our lives is becoming more expensive. So here’s an idea that might help you out. Try the acronym TFSN — “tidy” up, “fix” it, and just “say no” thank you. Here’s how: Tidy: Maybe you don't really need more living space, maybe it's just time [...]
You might not consider yourself one of the best money managers in Canada. But, that doesn’t mean that you can’t help your kids get a head start on learning some good financial habits. The idea is to make learning this new skill fun and easy. Here are a few kid-friendly websites that you can [...]
We have all seen all the headlines: Canadian inflation is up 6.8%, gas prices are soaring, and everything is becoming more expensive. The rising cost of living also makes it harder to manage our money goals, like paying off debt and saving for rainier days. However, with a little creativity, you can make a [...]
One of the common issues facing CEIRP members is how to budget their money and manage their debt. As the cost of living rises across the country, everyone should learn these skillsets. We know that many of you work long hours, but by just setting aside an hour or so to create your budget, [...]
