LIFELONG LEARNING PLAN
A provision adopted by a Canadian government that is applied to the Canadian Registered Retirement Savings Plan (RRSP). Lifelong learning plans lets individuals to make tax-free withdrawal (of up to $20,000) from their accounts to finance their education or their spouse’s without taking away the benefits of tax-deferral in establishing their retirement funds. It has to be paid back within a certain period of time.
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Broker of Record
Insurance agent assigned to represent and manage the entity’s insurance policy. The agent may receive copies of all communications to the pol ...
Foreign Branch Bank
A foreign bank obligated to follow the regulations of both the home and host countries.
B Share
It is a class under the multi-class mutual funds family. It is characterized by a back-end structure of load that is only paid when the funds are a ...
Average Annual Growth Rate - AAGR
It is the up or addition in the value of an investment in a year. Taking the arithmetic mean of the growth rate can determine the increase of the i ...
Matching Strategy
Acquiring investments by which its payouts will accord an individual or a firm’s liabilities. In this strategy, every investment portfolio is ...
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SEE FOREX TUTORIAL
The Concepts of Economics: Scarcity
To fully grasp the essence of what economics is, we must first understand the concept of scarcity along with the branches of study under economics ...
An Introduction to Ethical Investing
Ethical investing is, simply put, investing while taking into consideration your personal beliefs or your ethics. Because it is personal, it means ...
Digesting Financial Statements: System
A financial statement serves as an avenue for assimilating the overall health of a business. Let’s illustrate the four key steps in a cash-ba ...
A Guide to Your Personal Income Tax: Avoid Awful Surprises
Who loves to be surprised by the Internal Revenue Services? No one (unless it is a tax refund). The federal agency has its way of shocking taxpayer ...
Starting Your Own Small Business: Financing a Business
After choosing the business you want to go into, regardless of the line of business, you need a startup capital in order to keep the business going ...
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