Outside of your RRSP, the TFSA is a great savings tool to help you achieve your short- and long-term goals. For example, let’s say you wanted to travel around Italy for three-weeks sometime in the near future — say, in five years. If you started with an investment of $25 and then added another $25 [...]
Summary for January 2021 Presented by Mackenzie Investments COVID-19 cases decline sharply amidst vaccine rollouts; virus mutations remain a concern Under heavy security post the US Capitol riot, US President Biden takes office: Signs 42 executive orders and proposes a $1.9 trillion fiscal stimulus bill Heavily shorted stocks: GameStop, AMC and Blackberry exhibit extreme volatility [...]
Most financial institutions have now updated their bill payee list to include Canada Life Group RRSP and Canada Life Group TFSA. This means you can make direct contributions to your RRSP and/or TFSA by setting it up as a bill through your online banking. Just search for “Canada Life” in the bill payments section of your bank’s [...]
For those among you that own units in SRI Balanced Fund (GWLIM), CEIRP’s Socially Responsible Investment Option, please be aware that Canada Life has announced that it is changing its name to SRI Balanced Fund (Mackenzie). Why is there going to be a name change? This change is following the completion of the sale of [...]
RSP season means a higher volume of calls to the Canada Life call centre and waiting times to speak to a Client Service Representative may be longer than usual. There are a number of things you can do what you log onto your account including updating contact information and downloading a statement or tax receipt. [...]
In This Issue: Message from the Executive Director COVID-19 Virtual Donor Wall Career Resilience Program: Applications Open Now Share Your Thoughts at Designated Sharing Time BIG GIRL & Friends is Back! Click here to access the full newsletter.
Glide Path Changes CEIRP always aims to make retirement saving easy for you. With simplicity in mind, the plan offers three investment style options: No Touch featuring the Cadence Target Date Funds, which offer a single-fund solution that leaves the decisions to investment professionals. Low Touch featuring the Portfolio Target Risk Funds, which are tailored [...]
At the beginning of this month, a great suggestion came from a plan member: now is the perfect time to top up your RRSP if you received CERB or CEWS earnings. This is especially true as many will be required to repay the benefit on their upcoming taxes, which is similar to EI repayments. If [...]
We can all agree that it’s good that 2020 is finally over. It was a year of unprecedented volatility across all areas of life. And it shone a painful light on how carrying too much debt and too little savings can make everything even more difficult. The good news is that things are starting to [...]
Market Matters has now been replaced by Market Review, presented by MacKenzie Investments. The report will be posted here each month. The French version will be available starting in February. Click here to read the report.
