Should I Open A TFSA?

by Invisor Last updated on June 21, 2017

Image: Matheus Ferrero

Once you identify which goals you are saving for and determine an appropriate investment plan, the next step is to figure out which investment account type is right for you. Some choices may be more obvious than others, like using an RRSP to save towards retirement, or an RESP to save for your kids' education. But what about shorter-term goals like purchasing a car or saving for a wedding?

If you're asking yourself this question, a Tax-Free Savings Account (TFSA) might be the right vehicle for you and your goals. Use these tips below to help you determine if you should open a TFSA. 

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6 Tips To Improve Your Credit Score

by RateHub.ca Last updated on June 07, 2017

Photo credit: Cathryn Lavery

We've all heard how important it is to have a good credit score. Having a high credit score is vital because lenders use it to determine how creditworthy you are. But the thing about credit scores is that not many really understand how they work. 

Your credit score is a number that falls between 300-900. The higher the number, the less risky you are in the eyes of lenders. What constitutes a “good” score varies by lender and the type of credit you're applying for. 

That being said, you should always aim to keep your credit scores as high as possible. Here are six tips to help you improve your credit score. 

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Economic Update May 2017 - All Quiet on All Fronts

by Josh Miszk Last updated on June 01, 2017

Markets have continued to tread along, not disrupting the pace set over the past few months with the UK, Japan, and emerging markets showing the strongest returns. While fundamental data continues to support the rise, the real surprise is that this positive move has done so with little volatility.

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I Have No Dependents - Do I Need Life Insurance?

by Dan Poole Last updated on May 15, 2017

Image by: Patrick Tomasso 

When people contact us looking for life insurance, and we ask them why they feel they need it, the most common answer is “to provide enough money to look after my spouse and kids if I die too soon.”

Indeed, income replacement, children’s education funds, and paying off debts are the most common reasons families buy life insurance. But what if you have no dependents? Do you still need life insurance?

The answer is yes. Here are some reasons why.

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It's our second birthday - and we want to celebrate with you!

by Invisor Last updated on May 10, 2017

This month marks our second year as a team at Invisor. 

In two years, we've stuck by our commitment to make Canadian investment and insurance services more accessible to everyone. We’ve made improvements and additions to our products, and expanded the breadth of our services. We’ve been fortunate enough to see our business grow and evolve. We’ve had pizza-and-beer lunches, and Friday afternoon putting tournaments. We’ve had a fun and rewarding two years, and are looking forward to everything to come in the next 12 months.

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Economic Update April 2017 - Opening Borders

by Josh Miszk Last updated on May 04, 2017

Over the past 3 months, global markets have lifted thanks to solid fundamental indicators and positive sentiment. In this economic update, we’ll look at the news driving the returns, and discuss what Trump’s first 100 days in office can tell us about what to expect going forward.

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How to Manage Large Purchases

by RateHub.ca Last updated on April 27, 2017

Image credit: freestocks.org

Every so often, you’re going to make large purchases – not necessarily a home or car, but more along the lines of a television, computer, plane tickets, etc. Although many of these expenses can be anticipated, forking over a large amount of money upfront is understandably difficult for many people. So, how do you manage large purchases? The key is to ask yourself a series of questions before making your decision.

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Am I Financially Ready To Buy A House?

by Invisor Last updated on April 19, 2017

If we aren't there already, there will most likely come a time when we feel financially ready to purchase our own home. This is an exciting time, and searching for the perfect first house can be both fun and overwhelming. 

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How To Save For Retirement At Every Age

by Invisor Last updated on April 12, 2017

Image credit: Magic phil Montes via Unsplash

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Economic Update March 2017 - The Signal and the Noise

by Josh Miszk Last updated on April 06, 2017

At first glance, it appears to many that the “Trump bump” finally subsided in March after shares in the US rose by 12% from the election to March 1st.

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