How your investments are protected at financial institutions

Reposted from the Ontario Securities Commission

From the article: “When you deposit money in a bank, credit union or other financial institution, you want to know your money is safe. Canada has a well-regulated financial services sector. In the rare occurrence that your financial institution fails, there are protections in place to help you.”

As a deposit broker, it’s very important that we ensure our clients know the extent of the deposit insurance coverage they have available to them. This article from the OSC (Ontario Securities Commission) thoroughly outlines the amount of protection available to all Canadian investors.
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RRSP conversion options: How to convert your RRSP to income?
By Jim Yih, Retire Happy

From the article: Registered Retirement Savings Plans (RRSPs) are one of the most significant retirement planning tools for Canadians. There are a number of ways to put your RRSP money to work during retirement, but they all boil down to a simple concept. The money you accumulated during your years of saving and investing is converted to a vehicle that provides you with a stream of retirement income. Instead of making contributions, you will rely on withdrawals from your nest egg to subsidize your retirement expenses. Instead of saving money it’s time to spend it!
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At last, Fiscal Agents’ mascot now has it’s own space on our website, where we detail how it is available for free when opening a new client account (while supplies last). We invite you to learn more about our office’s savvy-investing amphibian at the link below.