Submitted by nsscadmin on
The Nova Scotia Securities Commission routinely tells investors if someone is offering securities as an investment to raise capital, they must provide them with a copy of a disclosure document called a prospectus, unless an exemption applies. But how can an investor know if a prospectus exemption applies without first knowing what these exemptions include?
Submitted by nsscadmin on
A principal-protected note (PPN) is a fixed-income security that guarantees a minimum return equal to the principal amount invested regardless of the performance of an underlying asset.
Submitted by nsscadmin on
This is another question that we have seen on investing message boards and Facebook pages lately. The question often goes like this: I have total contribution room on my TFSA of $75,500. Thanks to some sizable gains from some strong investments lately the value of my TFSA is now over $100,000. Have these gains taken me over my contribution room?
Submitted by nsscadmin on
Dollar cost averaging is an investment strategy where an investor divides the total amount to be invested over periodic purchases at specific times. This strategy is an attempt to reduce the risk and impact of volatility and avoids trying to time the market. The investor’s purchases take place at regular intervals no matter the asset’s price.
Submitted by nsscadmin on
DeFi is short for decentralized finance. DeFi uses blockchain technology to construct a form of finance that does not rely on the traditional financial intermediaries like brokerages, exchanges, or banks to offer financial instruments.
Submitted by nsscadmin on
While monitoring investing groups on social media and the internet we’ve seen several investors asking questions around taxes and US stocks held in a TFSA.
Submitted by nsscadmin on
The term alternative trading system (ATS) is used in Canada and the United States to refer to an automated trading system used to match orders from buyers and sellers of securities by using predetermined and established methods or rules. They are privately owned computer networks that match together buyers and sellers outside of regular exchanges.
Submitted by nsscadmin on
As the name suggests, a Registered Retirement Saving Plan, or RRSP, is meant to be used to fund your retirement. Money contributed to an RRSP and must be converted to: a Registered Retirement Income Fund (RRIF) or annuity, or withdrawn by December 31st of the year you turn 71 years old.
Submitted by nsscadmin on
Financial elder abuse is the most common form of elder abuse. As our population continues to get older elder abuse is becoming more common. This may be a major problem in Nova Scotia where the percentage of the population over 65 is greater than the percentage of the population under 15 for the first time ever.
Submitted by nsscadmin on
Many older people who are the victim of financial elder abuse don’t want to talk about it and end up taking little or no action. This can be because of shame or embarrassment, or because they believe if it becomes known, they will lose some of their freedom and independence.