RSP Vs. TFSA | Retirement Planning | Qtrade | Miscellaneous |
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What is an RRSP
Contribution limit is based on last years earned income
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What is 71
RRSP need to be converted into a RRIF at what age
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What is Qtrade Investor
This is the name of the brokerage that we use for our self-directed members
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What is classic 20% unlocking options
This option allows you to redeem a non redeemable GIC
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What is an TFSA
Investment vehicle that allows you to earn interest tax-Free
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What are benefits of a retirement planning
Helps you balance practical everyday needs with your long-term goals, helps you adapt to changes in your circumstances and needs and allows you to plan for unforeseen circumstances are
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Who is Alain Samson
Who is the Vice President Sales, Western Canada for Qtrade
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What is 1%
Over contribution will result in a _______ penalty
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What are sources of retirement income
CPP, OAS, work pensions are examples of
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What are common cue's
Electronic BGill payments, AFT to investment companies and members talking about the markets are an example of this
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What is the life long learning plan
Withdrawals from this can be made on a tax free basis but must be paid back over a period of 10 years
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What are benefit's of a Tax Free Savings account
Interest earned non taxable, flexibility on withdrawals of funds and emergency savings
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What is 19 years
On average, Canadians expect their retirement to last for ___ years
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What are investment vehicles offerred by Qtrade
Stocks, bonds, mutual funds and ETF are examples of
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What is an open-ended question
An example of this is "When is the last time you have reviewed your retirement plan?"
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What is benefits of a RRSP
Retirement Savings, growth of net worth, savings for down payment are
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What is steps of retirement planning
1. Setting your goals and priorities 2. Creating your plan 3. Turning words into actions 4. Regular review and making adjustments
This is the |
What is Socially Responsible Investing
The application of environmental and social criteria, in addition to financial considerations, when making investment decisions
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