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When I was growing up it was common to receive a Canada Savings Bond from a grandparent as a gift on your birthday or for grading. Since Canada Savings Bonds have been phased out, a reader wondered can I give an investment as a gift?
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Last week we answered the question, what happens to my RRIF when I die? That led to a question of a greater scope – what happens to my investments when I die?
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We wrote about Registered Retirement Income Funds (RRIF)
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Last week we wrote about what happens to your shares if a company you’re invested in files for bankruptcy. That led to another question, what happens to the shares in a company if that company merges with or is taken over by another company?
When this occurs one of three things usually happens to shareholders of the soon to be defunct company.
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During these times of economic turmoil one of our reader’s wondered what would happen to their shares if the company they’re invested in files for bankruptcy?
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Many people are worried about their investments right now. Which led to one reader wondering if Canada Deposit Insurance Corporation (CDIC) covers investments.
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During these turbulent economic times there have been some big shifts in the markets which have led exchanges to use circuit breakers. But what are circuit breakers and when are they used?
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We spent the last few weeks talking about LIRAs and LIFs. That left readers wondering about how they can access the funds in a locked-in retirement account. The word “locked-in” in the name tell that your money can’t simply be withdrawn whenever you want. However, there are a few specific situations in which you are allowed to unlock a locked-in retirement account.
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Last week we explain locked-in retirement account, or LIRAs. You had some more questions around the withdrawal of funds from a LIRA which has led to today’s post on LIFs, or Life Income Fund.
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A LIRA is a locked-in retirement account. It is an account which holds locked-in pension funds for former registered pension plan members.