Industry

Jobless clients need your help

With 213,000 Canadian jobs lost since October, many advisors have at least one client who’s been given the pink slip. Dealing with the laid-off investor requires more than just a few encouraging words and a quick look at the finances, though — a client loses a job, the advisor becomes part therapist, part financial planning […]

By Bryan Borzykowski |February 10, 2009

6 min read

Briefly: “Online tool helps calculate RRSP recovery” and more of Tuesday’s news

The Investor Education Fund has launched an online tool designed to help investors get their retirement goals back on track this RRSP season in light of the market downturn. Available at investorED.ca, the “Getting Back on Track Calculator” shows people how to adjust their investing goals so they can recover from a loss and better […]

By Staff |February 10, 2009

3 min read

Dealing with dropping home equity

In less than a year, the world of homeowner lending has been turned upside down and, going forward, it’s going to be much harder for clients to obtain new lending arrangements. Adding to this problem is that a key piece of collateral many Canadians use — home equity — is declining in value. "If you’re […]

By Mark Noble |February 10, 2009

4 min read

RDSP choices remain limited, despite new entries

In less than a month the deadline for receiving any government contributions on the new registered disabled savings plan (RDSP) will expire for the 2008 tax year. Yet, only two financial institutions are offering RDSPs. RBC announced Monday it will be offering RDSPs as of February 16, 2009. This will allow interested families to take […]

By Mark Noble |February 9, 2009

4 min read